839 Winchester Ave
$599,900
839 Winchester Ave, Martinsburg, WV 25401
8.9
Cap Rate
18,000
NOI
Details:
Highlights:
- Days on Market: 100
- Parking Features: Paved Parking
- Heating: Heat Pump(s), Baseboard - Electric
Description:
Corner
FULLY LEASED! Great commercial/residential mixed use opportunity in the outskirts of Martinsburg. Current lease in place for 1700 sq ft on main level to Goin' Postal until September of 2027. 1750 sq ft space to Right is Leased through 2030 at 1500 per month. One apartment upstairs (839 1/2 Winchester) is leased at 1200 per month for 1 year through August 2026. Other two apartments leased upstairs with separate accesses are month to month. Rents have room to increase, but tenants are all long term and all tenants pay on or before first of the month. Building is in great shape. Overall Cap Rate is close to 9% with parking and easy access from Route 9 and downtown. Property is in prime Martinsburg location.
Location
Gallery
