EquipmentShare Market Survey

MARKET SURVEY
EASTERN PANHANDLE, WEST VIRGINIA
PREPARED BY BLACK DIAMOND REALTY
MAY 2024

TABLE OF CONTENTS
Available Locations Map
Map of the selected available locations.
Location 1
Potomac Station Road - Falling Waters, WV
Location 2
Falling Waters Business Park - Falling Waters, WV
Location 3
440, 442 Williamsport Pike - Martinsburg, WV
Location 4
Exit 5 Development - Inwood, WV
Location 5
Station Square - Martinsburg, WV
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MARKET SURVEY
EQUIPMENT SHARE

LOCATIONS MAP
EXIT 20
EXIT 16
EXIT 14
EXIT 13
EXIT 12
EXIT 8
EXIT 5
Potomac Station Road - Lot 5
Falling Waters, WV
Falling Waters Business Park
Falling Waters, WV
Exit 5 Development
Inwood, WV
Station Square
Martinsburg, WV
440, 442 Williamsport Pike
Martinsburg, WV
02

UNDER CONTRACT
1
POTOMAC STATION ROAD - LOT 5
FALLING WATERS, WV
EXIT 20
AVAILABLE
AS-IS ASKING PRICE / $2,712,500 ($350,000 PER ACRE)
GROSS LOT SIZE / 7.75 ACRES
CITY LIMITS / OUTSIDE
ZONING / NO ZONING
VISIBILITY / EXCELLENT, I-81, EXIT 20
ACCESSIBILITY / 0.1 MILE TO I-81, EXIT 20
TRAFFIC COUNT / I-81: 59,605 VPD AADT (2023)
VIEW ON GOOGLE MAPS
https://maps.app.goo.gl/ZQrrMi99veMn27GM7
DESCRIPTION
Located immediately adjacent to I-81 and EXit 20 with
exceptional visibilty, this property offers 7.75 (+/-) acres
of flat land, ready to develop. This property is positioned
roughly 0.1 mile to I-81, Exit 20.
The owner has 16 (+/-) acres under contract for a multifamily
development. They are comfortable with your use and feel
the visibility and growth make this site very attractive for
your company. The Spring Mills has been the fastest
growing Berkeley County, WV exit over the last 5-10 years.
CMC Metals is opening a large plant within two miles of
this site. In addition, there is an 800,000 (+/-) square foot
industrial building across I-81 that is currently vacant.
Spring Mills traffic will increase once both of these uses
are fully operational.
The parcel outlined in pink may be included.
MARKET SURVEY
EQUIPMENT SHARE
03

2
FALLING WATERS BUSINESS PARK
FALLING WATERS, WV
AS-IS ASKING PRICE / NEGOTIABLE
(~ $800,000-$1,000,000)
GROSS LOT SIZE / 5.5 (+/-) ACRES
CITY LIMITS / OUTSIDE
ZONING / NO ZONING
VISIBILITY / GOOD
DESCRIPTION
Located within the Falling Run Waters Business Park,
this property offers 5.5 (+/-) acres of flat land, ready
to develop. This property is positioned 1.2 (+/-)
south of I-81, Exit 20. Falling Waters Business Park has
several complimentary uses including First Source Build,
ABC Supply and Panhandle Builders & Excavation.
The area outlined in blue measures 3.09 (+/-) acres.
The area outlined in yellow measures 5.5 (+/-) acres
ACCESSIBILITY / 1.2 MILES TO I-81, EXIT 20
TRAFFIC COUNT / I-81: 59,605 VPD AADT (2023)
VIEW ON GOOGLE MAPS
https://maps.app.goo.gl/FFzmzTR9nrRqcLaR8
MARKET SURVEY
EQUIPMENT SHARE
04

3
440, 442 WILLIAMSPORT PIKE
MARTINSBURG, WV
AS-IS ASKING PRICE / $2,275,000
GROSS LOT SIZE / 2.21 ACRES
CITY LIMITS / INSIDE
ZONING / MIXED-USE COMMERCIAL
VISIBILITY / EXCELLENT, ROUTE 11 / ROUTE 9
DESCRIPTION
Located in a prime location along Route 11, 440, 442
Williamsport Pike is a turn-key car wash offering 7,667 (+/-)
square feet of space. The subject property has excellent
visibility at the intersection of Route 11 and Route 9.
This is a generational investment and/or redevelopment
opportunity at a high trafficked hard corner in rapidly
growing Martinsburg.
ACCESSIBILITY / 1.6 MILES TO I-81, EXIT 16E
TRAFFIC COUNT / ROUTE 11 (WILLIAMSPORT PIKE):
21,107 VPD AADT (2023)
VIEW FULL MARKETING FLYER
https://www.yumpu.com/en/document/read/68553515/440-williamsport-pike-martinsburg-marketing-flyer
MARKET SURVEY
EQUIPMENT SHARE
05

4
EXIT 5 DEVELOPMENT
INWOOD, WV
EXIT 5
AS-IS ASKING PRICE / NEGOTIABLE
GROSS LOT SIZE / 3-8 (+/-) ACRES
CITY LIMITS / INSIDE
ZONING / NO ZONING
VISIBILITY / EXCELLENT (I-81)
ACCESSIBILITY / ~1 MILE TO I-81, EXIT 5
TRAFFIC COUNT / I-81, EXIT 5: 52,473 VPD AADT (2020)
GERRARDSTOWN ROAD:
18,683 VPD AADT (2013)
DESCRIPTION
Located conveniently to both I-81 and U.S. Highway 11,
this property offers 54 (+/-) acres of undeveloped flat land.
The subject property is highly visible from I-81 and is
situated less than 0.3 mile away from Exit 5. The undeveloped
land is in a great location and ideal for commercial users
looking for a development opportunity while being surrounded
by a plethora of residential communities. The property is
close to many amenities. Dunkin’ Donuts has secured on
roughly 1.2 (+/-) acres along Gerrardstown Road. There are
multiple points of ingress/egress to this property including
two off of the main route, Gerrardstown Road, in front of
McDonald’s and Rocs BP Gas Station/Convenience Store.
VIEW FULL MARKETING FLYER
https://www.yumpu.com/en/document/read/67554923/54-ac-inwood-wv-marketing-flyer
MARKET SURVEY
EQUIPMENT SHARE
06

5
STATION SQUARE
MARTINSBURG, WV
EXIT 8
AS-IS ASKING PRICE / $150,000 PER ACRE
GROSS LOT SIZE / 20.3 ACRES
CITY LIMITS / OUTSIDE
ZONING / INDUSTRIAL / COMMERCIAL
VISIBILITY / GOOD
DESCRIPTION
Situated with visibility along Business Park Drive, this
location offers 11 pad sites totaling 20.3 (+/-) acres and
ranging in size from 1.6 to 4.7 acres. All public utilities and
hookups are available. The lots are located outside of city
limits and zoned Industrial/Commercial.
ACCESSIBILITY / 0.5 MILE TO I-81, EXIT 8
TRAFFIC COUNT / BUSINESS PARK DRIVE:
9,894 VPD AADT (2020)
VIEW ON GOOGLE MAPS
https://goo.gl/maps/gTA2pVanEMq7yZUbA
MARKET SURVEY
EQUIPMENT SHARE
07

CONTACT
BLACK DIAMOND REALTY
1399 Stewartstown Road
Suite 150
Morgantown, WV 26505
P. 304.413.4350
BlackDiamondRealty.net
Mark J. Nesselroad, Broker
mjnesselroad@blackdiamondrealty.net
David Lorenze, CCIM, Principal
dlorenze@blackdiamondrealty.net