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8668 Shepherdstown Pike

SHEPHERDSTOWN, WV 25443
  • $750,000
  • STATUS: Active
  • ON SITE: 217 Days
  • ID#: WVJF2001744
Price Reduced
$750,000
  • 0
    BEDS
  • 0.87
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1952
County:

School Ratings & Info

School District:

Description

Investment opportunity. 8% cap rate. Nearly 1 acre. Further development and income possible. Large commercial building (approx 5500SF) with long-term tenant in automotive service/repair. Thriving business. Current lease ends Nov 2025 with option for additional 5 years. Non-disclosure agreement required. NOI currently in excess of $60k/year. Residential property (approx 1200SF) currently vacant; needs significant work. Sale does not include any of the lessee's personal property or FF&E.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sky Group of Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-06-27T23:50:11.8.
www.theskygroup.com/homes/123478180
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8668 Shepherdstown Pike SHEPHERDSTOWN, WV 25443

  • Price: $750,000
  • Status: Active
  • On Site: 217 Days
  • ID#: WVJF2001744
0
Beds
0
Baths
0
½ Baths
0.87
Acres
1952
Built
County:
Jefferson
School District:
Jefferson County Schools
Property Description
Investment opportunity. 8% cap rate. Nearly 1 acre. Further development and income possible. Large commercial building (approx 5500SF) with long-term tenant in automotive service/repair. Thriving business. Current lease ends Nov 2025 with option for additional 5 years. Non-disclosure agreement required. NOI currently in excess of $60k/year. Residential property (approx 1200SF) currently vacant; needs significant work. Sale does not include any of the lessee's personal property or FF&E.
Exterior Features

Construction Materials CombinationFrameMetal Siding Garage YN No Parking Types Parking Lot Property Condition Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5500.00 Cooling Central A/C Exclusions All FixturesFurnitureAnd Equipment Owned By Lessee. Heating Central Heating YN Yes Net Square Feet 37897.00

Property Features

Accessibility Features None Annual Gross Expense 12732.00 Assessment Year 2021 Business Type Auto Related Central Air YN Yes Cooling Fuel Electric Heating Fuel Oil Hot Water Electric Lease Considered YN No Navigable Water YN N Net Operating Income 60468.00 New Construction YN No Number Of Units Total 2 Original MLSNumber 801206282940 Owner Pays InsuranceTaxes - Real Estate Ownership Interest Fee Simple Possession Settlement Property Sub Type Services Sale Type Standard Sewer Public Sewer Tax Annual Amount 10206.00 Tax Assessment Amount 532000.00 Total Actual Rent 73000.00 Vacation Rental YN No Water Source Public Year Built Effective 2016 Zoning 333

Listing courtesy of Re/Max Roots.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sky Group of Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-06-27T23:50:11.8.
 
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The Sky Group of Long & Foster Real Estate
7700 Old Georgetown Rd, Suite 120
Bethesda MD, 20814