133 HEDRICK DRIVE Active

Sugar Grove,WV 26815

$ 4900000

- Bed

- Bath

445000 SqFt


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

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