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Sugar Grove,WV 26815
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 445,000 sqft
Price per Sqft $11
MLS Listing ID WVPT2000694
Year Built 1950
Annual Tax Amount $157,443
Tax Year 2023
Lot Size 122.850 Acres
Property Description
Sugar Grove Station is located in the picturesque Potomac Highlands of Pendleton County, West Virginia. This exceptional property spans approximately 122.85 acres with 117 structures (89 dwellings) with over 445,000 Sf +/- combining rural beauty with strategic accessibility. Approximately 30 miles West of Harrisonburg, VA and 170 miles southwest of Washington, D.C., it lies within easy reach of the Shenandoah Valley and major East Coast cities such as Richmond, Arlington, and Baltimore. As you consider the vast potential of this property, envision the numerous opportunities that Sugar Grove Station offers for a visionary investor or developer ready to leverage its location and unique characteristics. Sugar Grove Station represents a unique investment opportunity that combines a low acquisition cost with high potential value. In 2025 the Real Estate tax assessment is reported to be reduced from $11.5M to $8.2M saving an estimated $90,000 annually in real estate tax! Some of the key factors that make this property an attractive investment include its competitive pricing, exceptional location, unique site features, and versatile redevelopment options and potential. This former naval base includes substantial infrastructure (Water / Sewer treatment, Fire Department, Cafeteria, Restaurant, Warehouses, Natural gas pipe line) with a diverse array of buildings and facilities (office buildings, recreations facilities, swimming pool, playground, dormitory / hotel style barracks) that cater to a wide range of potential uses including a movie studio, mountain resort, Spa, corporate training center, academic or religious campus, treatment facility, manufacturing facility or a practically a self-sustaining turnkey live/ work / play community. Dividing the property into mixed-use sections that combine residential, commercial, and recreational uses can create a self-sustaining community that appeals to developers looking to offer a comprehensive living and working environment. The possibilities are endless!
Location
State WV
County Pendleton
Zoning VARIES - SEE AGENT
Interior
Hot Water Multi-tank
Heating Heat Pump(s)
Cooling Central A/C,Heat Pump(s)
Equipment See Remarks
Exterior
Garage Spaces 160.0
Water Access N
Building
Sewer Private Sewer
Water Community,Holding Tank,Private/Community Water
New Construction N
Schools
School District Pendleton County Schools
Others
Special Listing Condition Standard