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440 Williamsport Pike - Car Wash Investment/Redevelopment Opportunity

7,667 SF Speciality Building Offered at £1,682,268 at a 9.61% Net Initial Yield in Martinsburg, WV 25404

Investment Highlights

  • Excellent Visibility
  • High Traffic Counts
  • Prominent Signage
  • Hard Corner
  • Turn-Key Car Wash

Executive Summary

Located in a prime location along Route 11, 440, 442 Williamsport Pike is a turn-key car wash offering 7,667 (+/-) square feet of space.
The subject property has excellent visibility at the intersection of Route 11 and Route 9. This is a generational investment and/or redevelopment opportunity at a high trafficked hard corner in rapidly growing Martinsburg.
This property is zoned within Mixed Use Commercial. This District blends residential, commercial, cultural, institutional, or entertainment uses into one space, where those functions are to some degree physically and functionally integrated, and that provides pedestrian connections.
The front building offers one (1) touchless, automatic car wash bay, and six (6) self-service car wash bays. The back building offers a three minute "soft cloth" car wash, office space, and access to the storage/equipment room. The automatic car wash bays offer options including: Express Wash, Wheel Brite, Undercarriage Rinse, Triple Foam Wax, Clearcoat Sealer, Tire Shine, High Speed Air Dry, Undercarriage Wash, Tire Cleaner, Pre-Soak, Soap, Side Blasters, Tri-Foam, Rinse, Wax, Spot Free Rinse, and Dry. The property offers eight (8) total car wash bays. There are 11 vacuums, two fragrance machines and a shampoo/vacuum machine. A high pressure spray hose and foam brush is available at each self-service bay. Each self-service bay also offers large clamps for hanging car mats. All bays have lighting for after hours use.

Property Facts

Price £1,682,268
Price Per SF £219
Sale Type Investment
Net Initial Yield 9.61%
Property Type Speciality
Property Subtype Car Wash
Lot Size 2.21 AC
Building Size 7,667 SF
Number of Floors 1
Year Built 2006
Parking Ratio 1.3/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-06- 26-0002.0002
Land Assessment
£294,827
Improvements Assessment
£144,738
Total Assessment
£439,565

zoning

Zoning Code MIXED USE COMMERCIAL (CITY LIMITS, ZONING / INSIDE, MIXED USE COMMERCIAL)
MIXED USE COMMERCIAL (CITY LIMITS, ZONING / INSIDE, MIXED USE COMMERCIAL)
  • Listing ID: 30190223

  • Date on Market: 29/11/2023

  • Last Updated:

  • Address: 440 Williamsport Pike, Martinsburg, WV 25404

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