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Sale Pending

2485 Martinsburg Pike, Stephenson, VA, 22656

$1,100,000

Home List Price

$10,000*

Closing Credit

0 Baths
8,900 SqFt
$124/SqFt
House
Schools Nearby

Location

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2485 Martinsburg Pike, Stephenson$1,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingPrivate, On Street, Driveway
Year Built1956
HeatingForced Air
CoolingCentral Air
MLS #VAFV2006188
Lot Size4.02 Acres
StatusSale Pending
(PENDING)

About 2485 Martinsburg Pike

This 4-acre commercial property is located on Route 11 in Stephenson and is zoned as B-2, offering various options for investors or developers. Currently, the property consists of 4 rental houses and one mobile home pad site, all of which are rented on a month-to-month basis with long-term tenants, providing consistent income. The property also has a master development plan in place, with the survey and engineered drawings readily available. The strategic location of the property, with a car count of over 7,200 vehicles per day in 2020, presents an excellent opportunity for commercial retail shops or a gas station. The recent expansion of local neighborhoods, such as Snowden Bridge, has contributed to the consistent rise in car count. Additionally, the signalization of the intersection of Old Charlestown Rd., located only 430 feet from the property, further enhances its appeal. The property is also conveniently situated 1.5 miles away from Route 11, Interstate 81, and the 37 bypass interchange at Exit 317. Whether as a long-term or short-term investment, the property holds value in its current condition. The rental homes have been occupied by the same fantastic tenants for over 4 -8 + years, with little to no rental fee increases. Three of the homes feature three bedrooms and large yards, while one has two bedrooms. All four homes have septic systems, with two also having private wells and the other three being served by town water. Sewer connection is available nearby, subject to county fees. In summary, this 4-acre commercial property on Route 11 in Stephenson offers a variety of options for investors or developers. With its income-generating rental houses, approved master development plan, and prime location, it presents an attractive opportunity for both short-term and long-term investments.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch/Rambler
  • Year Built: 1956
  • Living Area: 8,900 SqFt

Listing Office:

  • Office Name: Middleburg Real Estate
  • Office Phone: (540) 687-6321
  • Listing Agent: Nadeem Elizabeth Helfer

Interior Features

Interior Information:

  • Flooring Type: Hardwood, Engineered Wood, Ceramic Tile, Carpet

Exterior Features

Parking Information:

  • Parking: Private, On Street, Driveway

Lot Features

Lot Information:

  • Lot: Front Yard, Landscaped, Open Lot, Back Yard
  • Lot Size: 4.02 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • James Wood High School, Public District Grades 9-12
  • James Wood Middle School, Public District Grades 6-8
  • Stonewall Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000
  • Price Per SqFt: $124/SqFt
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Housing Market Comparison

See how this home compares to others in Stephenson, VA.

Med. Sold Price

$465.4K

Med. Price/SqFt

$176

Avg. Days On Market

86

# of Sold Homes

7

2485 Martinsburg Pike vs Stephenson

721 DAYS ON ROCKET

+635 Days

$1,100,000

+$634.5K More

$124/SqFt

-$53 Less

KEY TAKEAWAY

This property is $634.5K more than the Median Sold Price and $53/SqFt less than other homes in Stephenson, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #VAFV2006188

Listing Office:

  • Office Name: Middleburg Real Estate
  • Office Phone: (540) 687-6321
  • Listing Agent: Nadeem Elizabeth Helfer

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/16/2024, 12:55:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3563799
4
/10
  • Stonewall Elementary School

  • 3165 Martinsburg Pike

  • 1.30 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3563800
3
/10
  • James Wood Middle School

  • 1313 Amherst St

  • 4.91 miles

  • Public District Grades 6-8

High School

school-card-donut-3563801
6
/10
  • James Wood High School

  • 161 Apple Pie Ridge Rd

  • 3.86 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,545. Typical income of Stephenson, VA residents is between $35k-100k annually. Most families are married, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2485 Martinsburg Pike

What is the listing price of this property?

The listing price of 2485 Martinsburg Pike property is $1,100,000.

What type of property is this?

The property 2485 Martinsburg Pike is a house located in Stephenson, Virginia, 22656.

Is this property for sale now?

Sale Pending: 2485 Martinsburg Pike is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 2485 Martinsburg Pike are:
Stonewall Elementary School: GreatSchools Rating 4/10
James Wood Middle School: GreatSchools Rating 3/10
James Wood High School: GreatSchools Rating 6/10

What is the square footage of this property?

The property 2485 Martinsburg Pike is 8,900 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2485 Martinsburg Pike is 1956.

Rocket HomesVirginiaFrederick CountyStephenson226562485 Martinsburg Pike

This home is located at 2485 Martinsburg Pike in Stephenson, VA and zip code 22656. This 8,900 square foot home, which was built in 1956, sits on a 4.02 acre lot. It has been listed on Rocket Homes since April 25, 2022 and is currently priced at $1,100,000.

In March 2024, from all listings sold in Stephenson, VA there were more than 0 sold above asking price, over 4 sold below and more than 3 were sold right at the asked price. The number of listings in Stephenson, VA increased by 26.8% between February 2024 and March 2024. The median list price of listings available in March 2024 was $465,415, while the average time on the real estate market was 86 days.

From Rocket Homes Real Estate and based on county public records data.

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