Dry Run Road - Sundance Valley | engineered for 130 SFD lots 49 Acres of Residential Land Offered at $1,290,000 in Martinsburg, WV 25403
INVESTMENT HIGHLIGHTS
- Engineered for ±130 SFD lots.
- This property is near I-81 and I-70.
- Proposed community provides excellent access to commuter routes.
- Surrounded by other subdivisions.
EXECUTIVE SUMMARY
The initial deposit of $25,000, followed by an additional deposit of $170,000 at the end of the Study Period to bring the total to 10%.
Study Period: 60-day study period from contract effective date or other agreed-upon period.
Settlement is within 30 Days of Study Period ending.
For brokerage, a fee is being paid to the seller's broker to market the property; however, no provision has been made to pay other
brokerages. If you are a buyer being represented by a real estate brokerage, please compensate them directly.
PROPERTY FACTS Under Contract
| Price | $1,290,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 49.00 AC |
| Cross Streets | Lost Road |
1 LOT AVAILABLE
Lot
| Price | $1,290,000 |
| Price Per AC | $26,326.53 |
| Lot Size | 49.00 AC |
Currently being farmed, Sundance Valley is a single parcel of ±49.15 acres, tax ID 02-04-37-0025.0014, located off Dry Run Rd, to the east of Lost Rd, in Martinsburg, WV.
DESCRIPTION
Sundance Valley is a proposed ±130 lot single-family detached subdivision that has been fully engineered and previously approved, in phases, between 2006 and 2010. While the property will have to be reapproved, there are no impediments to the resubmissions and review process. The base engineering is still applicable, and the Berkeley County standards have changed very little. The primary challenge associated with reapprovals will be updated stormwater management and erosion and sediment control requirements. Situated near I-81 and I-70, the proposed community will provide convenient access to a variety of shopping, dining, employment, recreation, and entertainment. A tranquil setting off Dry Run Road, this commuter-friendly location is less than a mile from I-81 and just two miles to all that downtown Martinsburg has to offer.
