$750,000
●
Land -
For Sale
721 FRONT ROYAL PIKE
WINCHESTER, VA 22602
Studio
0 Bath
$3,783
Est. Monthly
About This Property
Development Opportunity at Front Royal Pike and Airport Road
Located at the signalized intersection of Front Royal Pike (U.S. 522) and Airport Road, this highly visible corner property sits within one of Winchester's growing commercial corridors. The property is currently zoned RP (Residential Performance), with potential for a variety of future uses subject to rezoning, special-use approval, and other applicable governmental requirements. Its prominent corner position, substantial road frontage, and proximity to established and expanding commercial development make it well suited for consideration as a retail, service, office, or mixed-use site. An attractive opportunity for investors, developers, or businesses seeking a strategically positioned property with excellent visibility and long-term growth potential in the Winchester market.
Located at the signalized intersection of Front Royal Pike (U.S. 522) and Airport Road, this highly visible corner property sits within one of Winchester's growing commercial corridors. The property is currently zoned RP (Residential Performance), with potential for a variety of future uses subject to rezoning, special-use approval, and other applicable governmental requirements. Its prominent corner position, substantial road frontage, and proximity to established and expanding commercial development make it well suited for consideration as a retail, service, office, or mixed-use site. An attractive opportunity for investors, developers, or businesses seeking a strategically positioned property with excellent visibility and long-term growth potential in the Winchester market.
Unit Size
-
Days on Market
-
Land Size
0.75 acres
Price per sqft
-
Property Type
Land
Property Taxes
$100
HOA Dues
-
Year Built
1930
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 28 days ago (Bright MLS #VAFV2044708)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2026 | Listed by Re/Max Roots | $750,000 | |
| Listed by Re/Max Roots | |||
| Sep 10, 2018 | Sold | ||
| Sold | |||
Property Highlights
Exterior Details
Lot Size Area: 32670
Lot Size Units: Square Feet
Lot Size Acres: 0.75
Lot Size Square Feet: 32670
Tax Lot: 7
Water Source: Cistern, Public, Well
Financial Details
Tax Assessed Value: $250,400
Tax Annual Amount: $1,202
Utilities Details
Sewer : On Site Septic
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
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About Frederick
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Listed by: James W. King, Jr.
Re/Max Roots
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# VAFV2044708
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Re/Max Roots
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# VAFV2044708
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