Prime Location for Land Development Opportunity

0 Jubal Early Drive Winchester, VA 22601

0 Jubal Early Drive, Winchester, VA, 22601
0 Jubal Early Drive, Winchester, VA, 22601
FOR SALE
Property Type:
Commercial Land Development
Amount:
$675,000
Last Verified:
Feb 17, 2020

Highlights

  • New 140-unit upscale apartment complex now open
  • Highly visible, high traffic shopping corridor
  • Preliminary approved site plan
  • Possible uses - Apartments over retail/office, retail/office complex, hotel site, etc
  • Neighboring Business; Grand Furniture, Schewels Furniture, Summit Bank, City Bank
  • VDOT approved entrance with parking already installed; valued at $80k to $100k

Description

Price reduced for immediate sale! Development opportunity along the Jubal Early corridor of growth, Meadow Branch Parkway extension adds direct access to Winchester Medical Center. Preliminary approved Condo project, but could be changed to NNN lease retail, office or medical project or could be redesigned for residential over retail / office or hotel site. Optimal positioning to 140 Unit upscale apartment complex directly across Jubal Early Drive. Neighbors include; Grand Furniture, Schewel's Furniture, Summit Bank, City Bank, First Bank and Plaza Drive Medical Park. VDOT approved entrance already installed into the 1.96 acre site. Variable rate commission. Owner is Licensed VA Real Estate Broker.

Winchester, VA, the newest focus for commercial growth in Northern Virginia. As quoted in Southern Business and Development magazine, Winchester was named as one of the “Ten Strong Economies You May Not Have Noticed”. Sales revenue has increased by 115% since 1994. 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.

Building Size: 18200.0sq ft
Building Class: A
Lot Size: 1.96 acres

Map of 0 Jubal Early Drive, Winchester, VA, 22601

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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.