Listed by Cottonwood Commercial
$950,000
MILLWOOD PIKE SALE
Details
APN 64A4-6 & 7
Property Type Land
Sub Type Commercial, Office
Broker Co-Op Yes
Acreage 1.380
Zoning GB
1.38 Acres (Cleared) | Price: $950,000 | Zoning: B-2 General Business
Marketing description
This cleared, 1.38-Acre (60,000 SF) multi-parcel site for sale is delivery-ready with a robust due diligence package and approval for flexible commercial use. The property is situated along Winchester’s Millwood Pike, one of the Shenandoah Valley’s most frequented commercial corridors, which is directly fed by Interstate 81 exit 313A. Traffic to this site is consistently supplied by the nearby interstate as well as Shenandoah University, The Apple Blossom Mall, and a Costco Wholesale warehouse location across from the property. Over 20,000 vehicles are funneled past the site daily, backed by a dense concentration of national tenants and hotels that increasingly drive interest in the corridor.
Investment highlights
- High-Traffic Corridor – The property sits along Millwood Pike, one of the Shenandoah Valley’s most frequented commercial corridors that carries over 21,000 vehicles past the property daily. Millwood Pike is directly connected to Interstate 81 nearby, which supplies an additional 56,000 vehicles per day to the area.
- Part of A Vibrant Trade Area – This site sits directly across from Costco Wholesale, with a daily traffic pattern that is further supported by the nearby Apple Blossom Mall and the 4,500+ student Shenandoah University opposite of Interstate 81 to the west. The corridor is home to major national tenants that include Martin’s, Best Buy, Starbucks, and Big Lots.
- Survey Complete with Flexible Use Cases – The B-2 zoning affords this site a wide array of potential use cases including medical/office use, quick service restaurant arrangements, automotive, and retail configurations. Due diligence packages including an ALTA survey, Phase I environmental, and geotechnical investigation have already been completed for the property.
- A Growing Metropolitan Area – Winchester is among the fastest growing metro areas in the Commonwealth of Virginia, with population projected to increase 12.7% over the next decade and a daytime employment base anchored by Costco, Shenandoah University, Valley Health Winchester Medical Center, and the U.S. Army Corps of Engineers.
Listing Contacts
Listed by Cottonwood Commercial
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