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Lutz Ave

3.46 Acres of Commercial Land Offered at $550,000 in Martinsburg, WV 25404

Investment Highlights

  • Growing Courthouse Square Section of Martinsburg

Executive Summary

UTILITIES ON SITE
0.9 MILES FROM I-81
I-81 – 53,000 VPD
WV-9 – 28,000 VPD
20 MINUTES - HAGERSTOWN, MD
30 MINUTES - WINCHESTER, VA

Property Facts

Price $550,000
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 $550,000
Price Per AC $158,960
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

Description

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 TAXES

PROPERTY TAXES

Parcel Number
06-32-00030000
Land Assessment
$185,460
Improvements Assessment
$0
Total Assessment
$185,460

zoning

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

  • Date on Market: 6/27/2024

  • Last Updated:

  • Address: Lutz Ave, Martinsburg, WV 25404

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