$1,800,000

1024 WINCHESTER AVE, Martinsburg, WV 25401

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon1acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 7 days ago

Property Description

Profitable Turnkey Motel Investment – The Heritage Inn - Don’t miss this rare opportunity to acquire a well-established and highly profitable motel in the heart of Martinsburg, WV. With a remarkably low vacancy rate of less than 2%, this property offers immediate and stable cash flow in a high-demand area with strong year-round occupancy. This 19-room motel features a smart room mix to accommodate various guest needs: 3 King-bed rooms, 10 Double-bed rooms, 6 Single-bed rooms. The property includes 20 dedicated parking spaces and sits on two adjoining lots, offering expanded utility and value. A gated entry to the rear lot provides additional space for storage or future development, enhancing the long-term potential of the investment. Operational efficiency is ensured with: A fully equipped laundry room, on-site apartment for owner or property manager, managers office, after hours secure guest check-in, two brand new tankless water heaters for low-maintenance, energy-efficient service, a new roof, installed less than a year ago, and featuring coin-operated washers and dryers for guests. This is a turnkey operation ideal for seasoned investors seeking a reliable income-producing asset, or a perfect 1031 exchange opportunity. With its proven performance and strategic location, this motel represents a rare chance to own a piece of Martinsburg’s thriving hospitality sector.

Listing Status:
Active
Listing Office:
Touchstone Realty, LLC : 3042609380
Listing Agent:
Diva L Bunting : 3047024141
MLS ID:
WVBE2043720
  • Flooring: Carpet
  • A/C: Wall Unit
  • Heating: Wall UnitElectric
  • Disability Feature: None

This listing courtesy of Diva L Bunting, Touchstone Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Winchester Avenue Elementary School

650 Winchester Ave, Martinsburg, WV, 25401

Grades PK-3

0.61 miles away

M

Martinsburg South Middle School

150 Bulldog Blvd, Martinsburg, WV, 25401

Grades 6-8

0.74 miles away

M

Martinsburg High School

701 S Queen St, Martinsburg, WV, 25401

Grades 9-12

0.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.