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Prime Freestanding Retail Opportunity 745 Foxcroft Ave N 23,620 SF Retail Building Martinsburg, WV 25401 $2,900,000 ($122.78/SF) 9.72% Cap Rate
Investment Highlights
- Located in a proven commercial corridor with consistent traffic
- Surrounded by national, regional and local retailers
- Close Proximity to Interstate I-81, the regions primary north-south throughfare
Executive Summary
The property is a freestanding OfficeMax retail building located in a well established commercial corridor. The building benefits from excellent visibility, strong access, and proximity to major national retailers and regional traffic drivers. The surrounding trade area is supported by dense retail, service, and residential uses, contributing to consistent consumer demand.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,620 SF
Building Class
B
Year Built
1998
Price
$2,900,000
Price Per SF
$122.78
Cap Rate
9.72%
NOI
$282,023
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.26
Lot Size
2.11 AC
Opportunity Zone
Yes
Parking
100 Spaces (4.23 Spaces per 1,000 SF Leased)
Frontage
117’ on Foxcroft Ave N
Amenities
- Freeway Visibility
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-24-00300000 | Improvements Assessment | $560,340 |
| Land Assessment | $906,300 | Total Assessment | $1,466,640 |
Property Taxes
Parcel Number
06-24-00300000
Land Assessment
$906,300
Improvements Assessment
$560,340
Total Assessment
$1,466,640
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Contact the Sale Advisor
Prime Freestanding Retail Opportunity | 745 Foxcroft Ave N