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Shepherdstown,WV 25443
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $143
MLS Listing ID WVJF2016998
Year Built 1900
Annual Tax Amount $8,421
Tax Year 2020
Lot Size 5,776 Sqft
Property Sub-Type Mixed Use
Property Description
Investment Opportunity in Historic Shepherdstown – Prime University Town Asset
Positioned in the heart of Shepherdstown, West Virginia's oldest town and a vibrant university hub, this historic three-story building offers a rare blend of character, location, and income-generating potential—making it an exceptional opportunity for city-based investors seeking strategic real estate in a growing regional market.
Built by shipbuilders between 1790 and 1810, the structure has been thoughtfully preserved and adapted for mixed-use. The ground level boasts approximately 5,000 square feet of commercial space, currently home to the iconic Shepherdstown Sweet Shop Bakery. This space includes a retail storefront, commercial kitchen, cake finishing room, office, employee break area, grain and storage facilities with three walk-in freezers, laundry room, and dedicated packaging and shipping areas—plus a charming private courtyard for outdoor service or events.
Above, two spacious 2-bedroom, 1-bath apartments offer steady long-term rental income and are ideally suited for conversion into high-demand short-term rentals. Their proximity to Shepherd University, combined with Shepherdstown's steady stream of tourists, visiting scholars, and D.C.-area weekenders, make them a compelling revenue stream for savvy investors.
Located just 75 miles from Washington, D.C., and minutes from Charles Town, Harpers Ferry, and the I-81 corridor, the property benefits from access to both Jefferson and neighboring Berkeley County—home to Martinsburg and some of the fastest-growing communities in the state.
With its architectural pedigree, established commercial tenant, and untapped hospitality potential, this one-of-a-kind property is a cornerstone investment opportunity in an appreciating university-town market.
Location
State WV
County Jefferson
Zoning COMMERCIAL
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Heat Pump(s)
Flooring Hardwood,Vinyl,Carpet
Exterior
Water Access N
View Street,City
Roof Type Metal
Building
Lot Description Corner
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Jefferson County Schools
Others
Acceptable Financing Cash,Conventional,Private
Listing Terms Cash,Conventional,Private
Special Listing Condition Standard