839 WINCHESTER AVE Martinsburg, WV 25401 Sold on 10/15/2025

Listed by Jonathan A Shively • Samson Properties
Bought with Jonathan A Shively • Samson Properties

$562,000

$599,900 6.3%

0.29 Acres Lot

Key Details

Sold Price $562,0006.3%

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID WVBE2035068

Sold Date 10/15/25

Year Built 1940

Annual Tax Amount $5,820

Tax Year 2024

Lot Size 0.290 Acres

Acres 0.29

Property Sub-Type Retail

Source BRIGHT

Property Description

FULLY LEASED! Great commercial/residential mixed use opportunity in the outskirts of Martinsburg. Current lease in place for 1700 sq ft on main level to Goin' Postal until September of 2027. 1750 sq ft space to Right is Leased through 2030 at 1500 per month. One apartment upstairs (839 1/2 Winchester) is leased at 1200 per month for 1 year through August 2026. Other two apartments leased upstairs with separate accesses are month to month. Rents have room to increase, but tenants are all long term and all tenants pay on or before first of the month. Building is in great shape. Overall Cap Rate is close to 9% with parking and easy access from Route 9 and downtown. Property is in prime Martinsburg location.