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11725777

740 Front Royal Pike, Winchester, VA 22602

BP
CA 01822998
Cushman & Wakefield - San Diego, California
BT
CA CA 01912759
Cushman & Wakefield - San Diego, California
Listed by Cushman & Wakefield - San Diego, California
Unpriced
691 days on market
Updated 0 days ago

Crossover

Details
Property Type Land
Sub Type Commercial, Residential
Acreage 115.000
Ownership Fee Simple

115 Acre Development Opportunity | Available in Individual Segments

Marketing description

This mixed-use development opportunity provides for office, multi-family, and retail uses with flexible site options and segmentation. Crossover is ideally positioned between I-81 and US 522 and serviced by the newly constructed $23 million Crossover Boulevard road and bridge project which connects Airport Road with the greater Winchester market and business district.

Crossover Boulevard allows westbound traffic to enter the City of Winchester along Tevis Street and alleviate congestions at the US 17-50-522 intersection. This rerouting of traffic patterns inherently adds value to potential end users at Crossover as Crossover Boulevard serves as a major thoroughfare leading into the commercial district of Winchester.

The immediate vicinity is currently experiencing rapid development and expansion. The Shoppes at Crossover Boulevard, positioned directly across I-81 from the subject property, has recently seen extensive developments with the headquarters for Trex, Carmax, Home 2 Suites by Hilton and numerous projects currently in process.

Immediately south of the property is the newly developed Madison Village, a multi-family complex and townhouse community, and in the immediate vicinity there are several established residential developments (Red Fox Run, Chapel Hill and Canter Estates) as well as under development Freedom Manor.

There are also three new public schools in the immediate vicinity (Evendale Elementary, Admiral Richard E. Byrd Middle and Armel Elementary). There is also a site owned by the Frederick County School Board immediately adjacent to Evendale and Admiral Byrd which is slated for the construction of Frederick County’s fourth high school. All of this is in response to the County’s continued growth on the east side of the County, and the Crossover Boulevard road is strategically located to accommodate this increase in traffic through and across the City of Winchester and Frederick County.

Investment highlights

SERVED BY THE RECENTLY COMPLETED $23 MILLION CROSSOVER BOULEVARD ROAD & BRIDGE DEVELOPMENT - Crossover Boulevard, a newly built, 4-lane road and bridge over I-81, runs directly through the subject property, offering unparralled access to the subject property and great Winchester commercial district

IDEALLY POSITIONED - Ideally positioned between I-81 and 522, serving as the connection of the City of Winchester to Airport Road which reroutes established traffic patterns and establishes significant value for the project

RAPIDLY DEVELOPING AREA - Rapidly developing area with the headquarters for Trex and Carmax recently completed directly across I-81 and over 330 residential units directly south of the property

EXPONENTIAL GROWTH - One of the fastest growing communities in the Greater Washington, DC Metro Area

FLEXIBLE ZONING - Fully approved flexible zoning for all three landbays allows for a myriad of development options including office, multi-family, retail, medical offices, finance, insurance and real estate offices, restaurants, food stores, veterinary offices, hotels and motels and other specialized uses

Listing Contacts

BP
CA 01822998
Cushman & Wakefield - San Diego, California
BT
CA CA 01912759
Cushman & Wakefield - San Diego, California
Listed by Cushman & Wakefield - San Diego, California

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