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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 5/1/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COUNTY | JEFFERSON |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | JEFFERSON COUNTY SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Electric, Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| CONSTRUCTION | Brick |
| HEAT | Electric, Heat Pump |
| LOT | 5663 sq ft |
| LOT DESCRIPTION | Corner Lot |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 8421 |
| VIEW | Yes |
| VIEW DESCRIPTION | Street, City |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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