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The Historic McFarland House 409 S Queen St

9,000 SF 100% Leased Office Building Martinsburg, WV 25401 £1,251,920 (£139/SF)

Investment Highlights

  • Adjoining atrium ballrooms with moving glass wall system to create an expansive approx. 1800 sq ft spectacular space.
  • This grand estate boosts over 9,000 sq ft of living space,
  • Approx. 7000 sq ft back yard oasis.
  • Wedding venue, banquet, event location and gourmet dining experience.

Executive Summary

Rare opportunity to acquire an exquisite Georgian architectural masterpiece & community landmark- The beloved historic "McFarland House" mansion- circa 1878. Prominently located with Queen Street frontage in the historic district of Martinsburg. This grand estate boosts over 9,000 sq ft of living space coupled with an addition approx. 7000 sq ft back yard oasis. The interior has 17 rooms- comprising of 6 bedrooms, adjoining atrium ballrooms with moving glass wall system to create an expansive approx. 1800 sq ft spectacular space, multiple parlors, bars, kitchen fully retrofitted for commercial use, upper kitchenette, 2 full bath, 2 half bath, laundry room, dual interior staircases. The rear outdoor space features a large covered pavilion with flagstone floors, brick walk ways, brick & stone retaining walls, lush landscaping with electrical pre-wiring and lawn wedding arena - Extensive renovation continue to evolve on this property yet always managing to preserve the integrity of its grand architectural details - complete with crystal chandeliers , flagstone floors, hardwoods, stamped concrete, handcrafted moldings, 10+ foot ceilings, original plaster walls, grand marble bathrooms, period replicated custom woodwork, etc. Not to forget the modification to allow for full handicap accessibility to main floor… - offering endless commercial or residential possibilities. Originally constructed by local prominent businessman and entrepreneur Alexander B. Parks, this landmark exudes timeless charm and is a benchmark of Martinsburg’s rich history and character. Though the property gained renowned recognition when proprietors William and Jane McFarland took possession and operated a catering business from their home. Their business success attributed to its local reputation of exquisite culinary offerings and as a favored gathering location- Hence the estate became known as the “McFarland House”. Since 2007, the current owners have embraced and honored its history, as they have committed to continue the legacy offering The McFarland House as a wedding venue, banquet, event location and gourmet dining experience. Property is being offered for sale as a turnkey investment opportunity- with all items in property conveying except 2 small pieces of accent furniture, one area rug, exterior lion statue, and some commissioned art pieces. The McFarland House offers a unique opportunity to own a piece of history while generating a lucrative income. The location, reputation and heritage of the property sets the groundwork for the new owners to prosper.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Office
Property Subtype
Office/Residential
Building Size
9,000 SF
Building Class
C
Year Built
1878
Price
£1,251,920
Price Per SF
£139
Percent Leased
100%
Number of Floors
2
Typical Floor Size
9,000 SF
Building FAR
0.52
Land Acres
0.40 AC
Opportunity Zone
Yes

Amenities

  • Atrium
  • Fenced Lot
  • Wheelchair Accessible
  • Kitchen
  • Reception
  • Wooden Floors
  • Yard

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-18-00600000
Land Assessment
£61,970
Improvements Assessment
£355,201
Total Assessment
£417,171
  • Listing ID: 33411201

  • Date on Market: 04/10/2024

  • Last Updated:

  • Address: 409 S Queen St, Martinsburg, WV 25401

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