Lutz Ave 3.46 Acres of Commercial Land Offered at $474,900 in Martinsburg, WV 25404

INVESTMENT HIGHLIGHTS

  • Growing Courthouse Square Section of Martinsburg

EXECUTIVE SUMMARY

Incredible opportunity to purchase land in the Growing Courthouse Square Section of Martinsburg. New townhome subdivision has just been approved for 173 units one block from this lot. This is considered the Business District of Martinsburg and the city is behind responsible growth in this area. Zoned for Mixed Use Commercial, there are multiple uses that can be permitted including, but not limited to retail, professional office, storage, flex space, sales, banking, and more. Both roads are paved and sidewalks surround the area. There exists the possibility for two entrances to the site from Lutz or Meridian. Some Owner Financing may be available for a first trust position depending upon plans and building use.

PROPERTY FACTS

Price $474,900
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Mixed Use
  • Multifamily
  • Hospitality
  • Hold For Development
  • Hold For Investment
  • Medical
  • Self Storage
Total Lot Size 3.46 AC
Cross Streets Meridian Pky

1 LOT AVAILABLE

Lot

Price $474,900
Price Per AC $137,254.34
Lot Size 3.46 AC

Incredible opportunity to purchase land in the Growing Courthouse Square Section of Martinsburg. This is considered the Business District of Martinsburg

PROPERTY TAXES

ZONING

Zoning Code MUC (Mixed Use Zoning.)
  • Listing ID: 32501126

  • Date on Market: 6/27/2024

  • Last Updated:

  • Address: Lutz Ave, Martinsburg, WV 25404