Prime Pad for Development

4692 Martinsburg Pike Clear Brook, VA 22624

FOR SALE
Property Type:
Other Land
Amount:
$729,000
Last Verified:
Mar 27, 2019

Highlights

  • Located at last exit before fuel tax increase
  • Located directly across from I-81 exit 323 ramp
  • High-volume traffic artery between Virginia and West Virginia
  • Directly in front of new One-Million-Square-Foot Amazon Distribution Center
  • Next to new Handi-Mart at busy lighted intersection.

Description

1.75 acres of commercial development land located along high-volume traffic U.S. Rte. 11, just off I-81 Exit 323, the last exit in VA., and directly in front of Amazon’s new One-Million-Square-Foot Distribution Center. Adjacent to new Handi-Mart at busy lighted intersection. B2 Zoning supports a host of highway commercial uses, with seller having a preference for restaurant/food service. Take advantage of a continually growing market of interstate travelers and local commuters. Priced at $416,571 per acre.

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: 1.75 acres

Map of 4692 Martinsburg Pike, Clear Brook, VA, 22624

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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.