2485 Martinsburg Pike

Description

This 4-acre commercial property is located on Route 11 in Stephenson and is zoned as B-2, offering various options for investors or developers. Currently, the property consists of 4 rental houses and one mobile home pad site, all of which are rented on a month-to-month basis with long-term tenants, providing consistent income. The property also has a master development plan in place, with the survey and engineered drawings readily available.The strategic location of the property, with a car count of over 7,200 vehicles per day in 2020, presents an excellent opportunity for commercial retail shops or a gas station. The recent expansion of local neighborhoods, such as Snowden Bridge, has contributed to the consistent rise in car count. Additionally, the signalization of the intersection of Old Charlestown Rd., located only 430 feet from the property, further enhances its appeal. The property is also conveniently situated 1.5 miles away from Route 11, Interstate 81, and the 37 bypass interchange at Exit 317.Whether as a long-term or short-term investment, the property holds value in its current condition. The rental homes have been occupied by the same fantastic tenants for over 4 -8 + years, with little to no rental fee increases. Three of the homes feature three bedrooms and large yards, while one has two bedrooms. All four homes have septic systems, with two also having private wells and the other three being served by town water. Sewer connection is available nearby, subject to county fees.In summary, this 4-acre commercial property on Route 11 in Stephenson offers a variety of options for investors or developers. With its income-generating rental houses, approved master development plan, and prime location, it presents an attractive opportunity for both short-term and long-term investments.