Greenwood Rd/Senseny Rd - Lighted Intersection

1872 Senseny Road Winchester, VA 22602

1872 Senseny Road, Winchester, VA, 22602
1872 Senseny Road, Winchester, VA, 22602
FOR SALE
Property Type:
Other Land
Amount:
$399,000
Last Verified:
Aug 17, 2020

Highlights

  • Highly visible .73 acre pad site to be developed, two homes have been removed from the site
  • Lighted intersection of Senseny Road and Greenwood Road
  • Well traveled computer corridor, 19,000 cpd
  • B2 zoning allows for a variety of commercial business uses
  • Investment Opportunity; develop now or buy and hold

Description

SVN is offering .73 acres of land with desirable B2 Commercial zoning. This property has recently had the homes removed from the site and it shows the high visibility of this level corner that is available at the lighted intersection of Senseny Road and Greenwood Road. The last corner to be developed at this busy high traffic intersection of 19,000 CPD. The consumer base continues to grow in this busy residential hub of Winchester's east side. Neighbors include; Orrick Commons Shopping Center, CVS, Greenwood Grocery and assorted restaurants and businesses. Some use restrictions, call for details. Variable rate Commission.

In 2015, according to Chmura Economics & Analysis, the Winchester MSA will lead the State in employment, wages and building permit growth. Winchester is one of the six MSA’s identified in the State as recovered from the recession. Winchester has one of the top 5% hospitals in the nation. Shenandoah University’s diverse curriculum in the arts, medicine and business contributes to a most favorable community influence. As quoted in Southern Business and Development magazine, Winchester was named as one of the “Ten Strong Economies You May Not Have Noticed”. Winchester continues to be in the path of progress out of Washington, DC with commuters, major industrial firms and federal agencies such as FEMA and FBI locating here. The immediate Interstate system and the Inland Port encourage continued industrial and distribution growth.

Lot Size: 0.73 acres

Map of 1872 Senseny Road, Winchester, VA, 22602

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.