EquipmentShare Market Survey
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MARKET SURVEY<br />
EASTERN PANHANDLE, WEST VIRGINIA<br />
PREPARED BY BLACK DIAMOND REALTY<br />
MAY 2024
TABLE OF CONTENTS<br />
Available Locations Map<br />
Map of the selected available locations.<br />
Location 1<br />
Potomac Station Road - Falling Waters, WV<br />
Location 2<br />
Falling Waters Business Park - Falling Waters, WV<br />
Location 3<br />
440, 442 Williamsport Pike - Martinsburg, WV<br />
Location 4<br />
Exit 5 Development - Inwood, WV<br />
Location 5<br />
Station Square - Martinsburg, WV<br />
02<br />
03<br />
04<br />
05<br />
06<br />
07<br />
MARKET SURVEY<br />
EQUIPMENT SHARE
LOCATIONS MAP<br />
EXIT 20<br />
EXIT 16<br />
EXIT 14<br />
EXIT 13<br />
EXIT 12<br />
EXIT 8<br />
EXIT 5<br />
Potomac Station Road - Lot 5<br />
Falling Waters, WV<br />
Falling Waters Business Park<br />
Falling Waters, WV<br />
Exit 5 Development<br />
Inwood, WV<br />
Station Square<br />
Martinsburg, WV<br />
440, 442 Williamsport Pike<br />
Martinsburg, WV<br />
02
UNDER CONTRACT<br />
1<br />
POTOMAC STATION ROAD - LOT 5<br />
FALLING WATERS, WV<br />
EXIT 20<br />
AVAILABLE<br />
AS-IS ASKING PRICE / $2,712,500 ($350,000 PER ACRE)<br />
GROSS LOT SIZE / 7.75 ACRES<br />
CITY LIMITS / OUTSIDE<br />
ZONING / NO ZONING<br />
VISIBILITY / EXCELLENT, I-81, EXIT 20<br />
ACCESSIBILITY / 0.1 MILE TO I-81, EXIT 20<br />
TRAFFIC COUNT / I-81: 59,605 VPD AADT (2023)<br />
VIEW ON GOOGLE MAPS<br />
https://maps.app.goo.gl/ZQrrMi99veMn27GM7<br />
DESCRIPTION<br />
Located immediately adjacent to I-81 and EXit 20 with<br />
exceptional visibilty, this property offers 7.75 (+/-) acres<br />
of flat land, ready to develop. This property is positioned<br />
roughly 0.1 mile to I-81, Exit 20.<br />
The owner has 16 (+/-) acres under contract for a multifamily<br />
development. They are comfortable with your use and feel<br />
the visibility and growth make this site very attractive for<br />
your company. The Spring Mills has been the fastest<br />
growing Berkeley County, WV exit over the last 5-10 years.<br />
CMC Metals is opening a large plant within two miles of<br />
this site. In addition, there is an 800,000 (+/-) square foot<br />
industrial building across I-81 that is currently vacant.<br />
Spring Mills traffic will increase once both of these uses<br />
are fully operational.<br />
The parcel outlined in pink may be included.<br />
MARKET SURVEY<br />
EQUIPMENT SHARE<br />
03
2<br />
FALLING WATERS BUSINESS PARK<br />
FALLING WATERS, WV<br />
AS-IS ASKING PRICE / NEGOTIABLE<br />
(~ $800,000-$1,000,000)<br />
GROSS LOT SIZE / 5.5 (+/-) ACRES<br />
CITY LIMITS / OUTSIDE<br />
ZONING / NO ZONING<br />
VISIBILITY / GOOD<br />
DESCRIPTION<br />
Located within the Falling Run Waters Business Park,<br />
this property offers 5.5 (+/-) acres of flat land, ready<br />
to develop. This property is positioned 1.2 (+/-)<br />
south of I-81, Exit 20. Falling Waters Business Park has<br />
several complimentary uses including First Source Build,<br />
ABC Supply and Panhandle Builders & Excavation.<br />
The area outlined in blue measures 3.09 (+/-) acres.<br />
The area outlined in yellow measures 5.5 (+/-) acres<br />
ACCESSIBILITY / 1.2 MILES TO I-81, EXIT 20<br />
TRAFFIC COUNT / I-81: 59,605 VPD AADT (2023)<br />
VIEW ON GOOGLE MAPS<br />
https://maps.app.goo.gl/FFzmzTR9nrRqcLaR8<br />
MARKET SURVEY<br />
EQUIPMENT SHARE<br />
04
3<br />
440, 442 WILLIAMSPORT PIKE<br />
MARTINSBURG, WV<br />
AS-IS ASKING PRICE / $2,275,000<br />
GROSS LOT SIZE / 2.21 ACRES<br />
CITY LIMITS / INSIDE<br />
ZONING / MIXED-USE COMMERCIAL<br />
VISIBILITY / EXCELLENT, ROUTE 11 / ROUTE 9<br />
DESCRIPTION<br />
Located in a prime location along Route 11, 440, 442<br />
Williamsport Pike is a turn-key car wash offering 7,667 (+/-)<br />
square feet of space. The subject property has excellent<br />
visibility at the intersection of Route 11 and Route 9.<br />
This is a generational investment and/or redevelopment<br />
opportunity at a high trafficked hard corner in rapidly<br />
growing Martinsburg.<br />
ACCESSIBILITY / 1.6 MILES TO I-81, EXIT 16E<br />
TRAFFIC COUNT / ROUTE 11 (WILLIAMSPORT PIKE):<br />
21,107 VPD AADT (2023)<br />
VIEW FULL MARKETING FLYER<br />
https://www.yumpu.com/en/document/read/68553515/440-williamsport-pike-martinsburg-marketing-flyer<br />
MARKET SURVEY<br />
EQUIPMENT SHARE<br />
05
4<br />
EXIT 5 DEVELOPMENT<br />
INWOOD, WV<br />
EXIT 5<br />
AS-IS ASKING PRICE / NEGOTIABLE<br />
GROSS LOT SIZE / 3-8 (+/-) ACRES<br />
CITY LIMITS / INSIDE<br />
ZONING / NO ZONING<br />
VISIBILITY / EXCELLENT (I-81)<br />
ACCESSIBILITY / ~1 MILE TO I-81, EXIT 5<br />
TRAFFIC COUNT / I-81, EXIT 5: 52,473 VPD AADT (2020)<br />
GERRARDSTOWN ROAD:<br />
18,683 VPD AADT (2013)<br />
DESCRIPTION<br />
Located conveniently to both I-81 and U.S. Highway 11,<br />
this property offers 54 (+/-) acres of undeveloped flat land.<br />
The subject property is highly visible from I-81 and is<br />
situated less than 0.3 mile away from Exit 5. The undeveloped<br />
land is in a great location and ideal for commercial users<br />
looking for a development opportunity while being surrounded<br />
by a plethora of residential communities. The property is<br />
close to many amenities. Dunkin’ Donuts has secured on<br />
roughly 1.2 (+/-) acres along Gerrardstown Road. There are<br />
multiple points of ingress/egress to this property including<br />
two off of the main route, Gerrardstown Road, in front of<br />
McDonald’s and Rocs BP Gas Station/Convenience Store.<br />
VIEW FULL MARKETING FLYER<br />
https://www.yumpu.com/en/document/read/67554923/54-ac-inwood-wv-marketing-flyer<br />
MARKET SURVEY<br />
EQUIPMENT SHARE<br />
06
5<br />
STATION SQUARE<br />
MARTINSBURG, WV<br />
EXIT 8<br />
AS-IS ASKING PRICE / $150,000 PER ACRE<br />
GROSS LOT SIZE / 20.3 ACRES<br />
CITY LIMITS / OUTSIDE<br />
ZONING / INDUSTRIAL / COMMERCIAL<br />
VISIBILITY / GOOD<br />
DESCRIPTION<br />
Situated with visibility along Business Park Drive, this<br />
location offers 11 pad sites totaling 20.3 (+/-) acres and<br />
ranging in size from 1.6 to 4.7 acres. All public utilities and<br />
hookups are available. The lots are located outside of city<br />
limits and zoned Industrial/Commercial.<br />
ACCESSIBILITY / 0.5 MILE TO I-81, EXIT 8<br />
TRAFFIC COUNT / BUSINESS PARK DRIVE:<br />
9,894 VPD AADT (2020)<br />
VIEW ON GOOGLE MAPS<br />
https://goo.gl/maps/gTA2pVanEMq7yZUbA<br />
MARKET SURVEY<br />
EQUIPMENT SHARE<br />
07
CONTACT<br />
BLACK DIAMOND REALTY<br />
1399 Stewartstown Road<br />
Suite 150<br />
Morgantown, WV 26505<br />
P. 304.413.4350<br />
BlackDiamondRealty.net<br />
Mark J. Nesselroad, Broker<br />
mjnesselroad@blackdiamondrealty.net<br />
David Lorenze, CCIM, Principal<br />
dlorenze@blackdiamondrealty.net