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$1,588,000
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| | Gross Acres | 9.99 | |
| | Cross Street | Prince Frederick Drive | |
| | Tax Parcel Number | 64 10 3 | |
| | Market | Northern Virginia | |
| | Sub Market | Winchester | |
| | Zoning | B2 | |
| | Electrical | Yes | |
| | Sewer | Yes | |
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Costello Drive, Winchester, VA 22602
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Property Description
9.99 acres of commercial retail property located near the major intersection of I-81, Rt 522 South and Rt 50 East. Shadowed by Costco in the middle of commercial and retail growth and just across the street from the Army Corps of Engineers. This property represents an excellent opportunity for development. With frontage on both Costello Drive and Prince Frederick Drive, this property will have maximum exposure. Variable rate commission. http://sale.svn.com/costello-perry
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Location Description
Winchester Virginia, the newest focus for commercial growth in Northern Virginia. As quoted in Southern Business and Development, Winchester was named as one of the “Ten Strong Economies You May Not Have Noticed”, along with Birmingham Alabama, Louisville Kentucky and Oklahoma City. Chamura’s “predicts” strong growth for Winchester, with employment growth at 2.2% and salaries to increase at a rate of 6.5%. The latest data available showed an increase of 16.9% in high-tech employment. Also predicted are an “increase in retail sales of 4.7% and a 5.5% increase in building permits.” The economy continues to expand with commuters from the Washington DC area, along with the influx of major industrial firms and the relocation of Federal offices such as FEMA and FBI. The Interstate system as well as the Inland Port offers major encouragement for continuing industrial and commercial expansion for this market.
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