1200 Grazier St, Martinsburg, WV 25404

Property Description

This prime mixed-use investment property offers a rare combination of immediate rental income and future development potential. Upstairs, you’ll find a completely renovated 1,080 sq. ft. apartment featuring 2 bedrooms, 1 bath, a spacious kitchen with granite countertops, LVP flooring, protective wall paneling, new appliances including washer and dryer, and recent upgrades such as new plumbing, electrical, HVAC, water heater, and architectural roof all completed in August 2024. The unit was most recently rented for $1,300/month. Below, the 1,900 sq. ft. garage provides excellent storage or commercial use with a new metal roof, garage doors, and electrical panel, baseboard heating, and is currently rented for $1,200/month. A Phase I Environmental Study has been completed, ensuring buildability, and the property includes two additional deeded lots (6,300 sq. ft. each) that can be separated for townhomes, multifamily units, or storage facilities, with two public water hookups already available. Whether you’re looking for a turnkey rental property with strong cash flow or a development opportunity with multiple revenue streams, this property delivers unmatched versatility and potential. Seller will contribute up to $10,000 toward repairs or buyer’s closing costs with a full-price offer at settlement COMES WITH AN EXTRA LOT.