Offering Memorandum - Marema · the ity of Winchester according to a Winchester Star article. Located within walking distance of the Train Depot and Old Town Winchester, the site

Offering Memorandum

Partial Block on National Avenue Winchester, VA 22604

Exclusively Offered By: Landmark Group Commercial Real Estate

Jacque L. Hansbrough 703.861.1451

[email protected]

SITE

Winchester National Cemetery

Old Town Winchester

U S POST OFFICE

Charlotte DeHart Elementary

National Avenue

Virginia Avenue

OFFERING MEMORANDUM 10 Parcels - 4.55Acres

400 Block of National Ave. Winchester, VA 22604

Offering Highlights 4.55 Acres in the City of Winchester Comprised of 10 parcels Located within an Enterprise Zone Part of the National Avenue Corridor Enhancement District As Of Right Zoning is a combination of B-2, HR-1 & MR Site Qualifies for Planned Unit Development Development potential for Mixed Use Commercial/Residential Unique opportunity Property Description This property is comprised of 10 parcels located between National Avenue and Virginia Avenue with 3 public alleys providing access to the interior of the property. Eight of the ten parcels currently have structures on site with utilities in place. Three of the parcels facing National Avenue are currently used for commercial business. Two parcels on National Avenue are vacant buildings. A parcel on National Avenue and one on Virginia Avenue are occupied residential rentals. The remaining parcels are vacant land. The property is located at the entry to the National Avenue Corridor Enhance- ment District and is an “important catalyst site for economic redevelopment” in the City of Winchester according to a Winchester Star article. Located within walking distance of the Train Depot and Old Town Winchester, the site offers a unique opportunity for mixed use development. The site is located within an Enterprise Zone and eligible for incentives from both the State of Virginia and the City of Winchester to encourage redevelopment of property within key areas of the City. Terms Sale Price $1,950,000 Real Estate Taxes Property Assessment Value for 2017 is $1,476,000.



X X X

X

X

X X X X X X

National Avenue

X Denotes Properties Included in the Parcel

Tax Records Synopsis

PROPERTY ANALYSIS/CITY OF WINCHESTER TAX RECORDS

ADDRESS DWELLING AREA UTILITIES ACREAGE RECORD#

519 Virginia Ave 1931 1,161 Yes 0.1205 610 446/448 National 1955 2,972 Yes 0.208 702 439 Virginia Ave 0 No 0 5895 431 1/2 Virginia 0 No 0.3099 5897 410 National Ave 1931 1,888.6 Yes 0.2973 6124 440/442 National 1950 3,691.5 Yes 1.7883 6239 428/430 National 1867 2,688 Yes 0.344 6241 422 National Ave 1966 2,038 Yes 0.9802 7623 416 National Ave 1900 2,672.9 Yes 0.3443 8064 445 Virginia Ave 0 No 0.153 8119





Zoning

Highway Commercial District - B-2 Article 8 Winchester Zoning This district is intended to provide sufficient space in appropriate locations for a wide variety of commercial and miscellaneous service activities...This includes such uses as retail stores, banks, business offices, churches, con-venience and service establishments, day care, bed & breakfasts, laundry, museums, restaurants, schools, wholesale business, physical fitness, bakery, entertainment, to name a few uses.

Planned Unit Development District - PUD Article 13 Winchester Zoning This district is intended to permit development in accordance with a master plan therefor of cluster-type com-munities under one (1) ownership or control. Within such communities, the location of all improvements shall be controlled in such a manner as to permit a variety of housing accommodations in an orderly relationship to one another, with the greatest amount of open area and the least disturbance to natural features. A planned unit development may include neighborhood commercial facilities.

PUD Districts shall be permitted in Districts LR, MR, HR, HR-1 and B-2.



Corridor Enhancement District - CE Article 14.2 Winchester Zoning

This overlay zoning district is intended to protect and promote the aesthetic character and functionality of major tourist access corridors leading into the designated local and national Historic Winchester (HW) District. Such entryways warrant special attention and controls because they promote the general welfare of the community by attractive visitors and generation business through heritage tourism-based economic development.

Enterprise Zone The site is within the Enterprise Zone of the City of Winchester. “The Virginia Enterprise Zone (VEZ) program is a partnership between state and local govern-ment that encourages job creation and private investment. The Commonwealth of Virginia authorized the creation of these local incentives and tools to property developers and busi-ness owners to encourage real estate development, business expansion, and job growth in targeted areas of the City. “ For more information see Economic Development Authority of the City of Winchester developwinchesterva.com

Corridor Enhancement District



Apartment Concept Plan

Single Family Concept Plan



Attracting Millennials AND Boomers:

Washingtonian Magazine lists Winchester-Frederick County as one of Washington, D.C.’s fastest growing Suburbs Kiplinger named Winchester to it 2014 list of “10 Great Places to Retire”. Winchester MSA is #15 on Forbes’ list of “Best Small Places for Business & Careers”. U. S. News & World Report rates Winchester Medical Center as one of the Top 5 Hospitals in VA

Area Description



SITE

Location:

50 minutes from Dulles Airport 1.5 hours from Washington D.C. 2 hours from Baltimore, MD Population:

Winchester - Frederick County Age 18-34 21.6% Age 35-64 40.9%

Projected Population Growth 2020-2040 41% Housing:

Median House Value $224,100 Apartment Rent $905 - $1,100 Education:

Teacher/Student Ratio K-7 11.5 8-12 10.9 30+ Daycares & Preschools 20+ Private & Parochial Schools Shenandoah University Lord Fairfax Community Col-lege Healthcare:

Winchester Medical Center 445 bed Hospital and Regional Referral Center Transportation:

Winchester Regional Airport Situated along Interstate 81

General The information contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Your investigations should include environmental testing and environmental risk audits. This property is being sold “As Is”. The offering is subject to change, errors, omissions, prior sale and may be withdrawn without notice.

Working For YOU to meet YOUR Goals

Landmark Group Commercial provides real estate sales, marketing And leasing services within the commercial market. We are experienced in all types of client representation including buyers, sellers, landlords, tenants and investors. Our knowledge base includes office, industrial, retail and land products.



Documents

Offering Memorandum - Marema · the ity of Winchester according to a Winchester Star article. Located within walking distance of the Train Depot and Old Town Winchester, the site