Unzoned Expansive Parcel | Charles Town MSA | 110 Cranes Ln
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Unzoned Expansive Parcel | Charles Town MSA 110 Cranes Ln
5.75 Acres of Commercial Land Online Auction Sale Ranson, WV 25438
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Investment Highlights
- Prime 5.75-acre lot with small existing metal buildings that can be removed or used at the owner’s discretion in Ranson, part of the Charles Town MSA.
- Developer’s dream opportunity to acquire unzoned land with limitless possibilities within an affluent community seeing impressive population growth.
- Optimally located within an Opportunity Zone presenting possible tax incentives for a new owner seeking to deploy capital into the area.
- Strategically positioned 2 miles from the US 340 and WV 9 highway interchange, boasting a bustling corridor home to nationally renowned businesses
- Favorably encompassed by a robust community with 88,508 residents living within a 10-mile radius boasting an average household income over $108,000.
- Absolute auction – first bid meets reserve.
Executive Summary
110 Cranes Lane presents to the market a beneficially situated 5.75-acre parcel situated on a highly visible lot in Ranson, West Virginia, part of the renowned Charles Town metropolitan area. This unique acreage currently has existing small metal buildings on the lot that can be easily removed or renewed and used at the owner’s discretion. The lot is advantageously located within an Opportunity Zone without any zoning restrictions, allowing a new owner a blank slate to construct nearly anything their heart desires. This asset serves as a true blank slate because Jefferson County has zero future land use plans nor recommendations for the expansive acreage.
110 Cranes Lane is optimally positioned six minutes from the major US Route 340 and WV 9, providing seamless accessibility to neighboring states Virginia and Maryland in under a 20-minute commute. This parcel benefits from its sought-after proximity to popular businesses, including nationally recognized eateries and retailers. Reputable nearby conveniences include Walmart Supercenter, Dollar General, Food Lion, Starbucks, Aldi, McDonald’s, Wendy’s, Sheetz, The Home Depot, Dunkin’, and many more.
Surrounding 110 Cranes Lane is a growing and affluent community of more than 88,500 residents living within a 10-mile radius, with an average household income of $108,008. This robust population is paired with about 19,000 daytime employees and has a substantial spending power of well over $1.2 billion annually.
Acquire this favorable acreage with the rare opportunity to develop ambitiously without preset limitations.
110 Cranes Lane is optimally positioned six minutes from the major US Route 340 and WV 9, providing seamless accessibility to neighboring states Virginia and Maryland in under a 20-minute commute. This parcel benefits from its sought-after proximity to popular businesses, including nationally recognized eateries and retailers. Reputable nearby conveniences include Walmart Supercenter, Dollar General, Food Lion, Starbucks, Aldi, McDonald’s, Wendy’s, Sheetz, The Home Depot, Dunkin’, and many more.
Surrounding 110 Cranes Lane is a growing and affluent community of more than 88,500 residents living within a 10-mile radius, with an average household income of $108,008. This robust population is paired with about 19,000 daytime employees and has a substantial spending power of well over $1.2 billion annually.
Acquire this favorable acreage with the rare opportunity to develop ambitiously without preset limitations.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
| Property Type | Land | Total Lot Size | 5.75 AC |
| Property Subtype | Commercial | Opportunity Zone |
Yes
|
| Sale Type | Investment | Sale Conditions | Auction Sale |
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 5.75 AC |
| Opportunity Zone |
Yes |
| Sale Conditions | Auction Sale |
1 Lot Available
Lot
| Lot Size | 5.75 AC |
| Lot Size | 5.75 AC |
PROPERTY TAXES
| Parcel Number | 08-1-01900000 | Improvements Assessment | £4,785 |
| Land Assessment | £94,051 | Total Assessment | £98,836 |
PROPERTY TAXES
Parcel Number
08-1-01900000
Land Assessment
£94,051
Improvements Assessment
£4,785
Total Assessment
£98,836
Sale Advisor
Sale Advisor
Jay Goldman, President
(304) 343-5695
Contact
In 1964, Jay Goldman embarked on his real estate career with a Charleston-based firm, aligning with principals who placed a premium on professional designations and a high level of competence. This marked the foundation upon which he would build a career that endures to this day, solidifying his firm's status as one of West Virginia's foremost players in the commercial and industrial real estate arena. Goldman Associates, Inc. stands apart as one of the state's select agencies exclusively dedicated to the commercial and industrial property sphere, offering an array of services encompassing brokerage, leasing and sales, appraisal, consulting, and asset management.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr WVB210300753 Ten-X, LLC Auction Firm Arlene Richardson Auctioneer 2446
-
Jay Goldman -
Goldman Associates, Inc.
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Unzoned Expansive Parcel | Charles Town MSA | 110 Cranes Ln
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