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DETAILED PRESENTATION<br />

PREPARED FOR:<br />

NEW <strong>54</strong> <strong>AC</strong>RE DEVELOPMENT<br />

INWOOD, WV 2<strong>54</strong>28<br />

FOR LEASE / SALE


LOCATION OVERVIEW<br />

Located immediately along a primary retail and commuter corridor, this subject development is positioned<br />

within 0.3 mile of both I-81 (Exit 5) and U.S. Highway 11. The location offers exceptional visibility to I-81 traffic<br />

traveling both north and south and offers significant street frontage with multiple access points available.<br />

Subject Location<br />

Distance to Major cities:<br />

0-60 Minutes:<br />

Martinsburg, WV - 8 miles<br />

Charles Town, WV - 15 miles<br />

Hagerstown, MD - 24 miles<br />

Winchester, VA - 25 miles<br />

Frederick, MD - 40 miles<br />

Leesburg, VA - 42 miles<br />

60-120 Minutes:<br />

Cumberland, MD - 67 miles<br />

Washington, DC - 77 miles<br />

Baltimore, MD - 95 miles<br />

Harrisburg, PA - 103 miles<br />

120-180 Minutes:<br />

Lancaster, PA - 125 miles<br />

Richmond, VA - 151 miles<br />

Morgantow, WV - 161 miles<br />

Pittsburgh, PA - 196 miles<br />

180+ Minutes:<br />

Philadelphia, PA - 202 miles<br />

Wheeling, WV - 226 miles<br />

New York, NY - 267 miles<br />

Charleston, WV - 312 miles<br />

02 DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV


SUGGESTED RETAILER:<br />

47,200+ AADT<br />

(Annual Average Daily Traffic , 2023)<br />

EXIT 5<br />

COMING SOON<br />

8,800 AADT<br />

(Annual Average Daily Traffic , 2022)<br />

22,600+ AADT<br />

(Annual Average Daily Traffic , 2023)


24<br />

12<br />

42<br />

8<br />

42<br />

12<br />

14<br />

32<br />

11<br />

42<br />

28<br />

42<br />

28<br />

12<br />

42<br />

20<br />

13<br />

20<br />

42<br />

20<br />

20<br />

20<br />

24<br />

11<br />

16<br />

16<br />

16<br />

36<br />

16<br />

16<br />

47<br />

28<br />

28<br />

28<br />

28<br />

28<br />

29<br />

30<br />

20<br />

14<br />

14<br />

14<br />

10<br />

SAMPLE PLOT PLAN<br />

EXISTING PROPERTY LINE<br />

LOCATION MAP<br />

INTERSTATE<br />

70<br />

INTERSTATE<br />

68<br />

RECEIVING<br />

FORE BAY<br />

40<br />

INTERSTATE<br />

81<br />

<strong>AC</strong>CESS ROAD<br />

AREA<br />

PROPOSED BIG<br />

BOX RETAILER<br />

±91,000 SF<br />

±390 PARKING SP<strong>AC</strong>ES<br />

4+ SP<strong>AC</strong>ES PER 1,000 SF<br />

380' FRONTAGE<br />

TRUCK ROUTE<br />

240'<br />

TRUCK TURN<br />

POND BUFFER ZONE<br />

MAIN BAY<br />

TRUCK ROUTE<br />

522<br />

45<br />

11<br />

INTERSTATE<br />

81<br />

51<br />

9<br />

INTERSTATE<br />

70<br />

340<br />

15<br />

RT 81<br />

±1100' FRONTAGE ALONG RT 81<br />

PERMISSABLE<br />

OUTPARCEL<br />

AREA<br />

± 8.8 <strong>AC</strong>RES<br />

outparcel<br />

size and<br />

configuration<br />

may vary<br />

DUNKIN<br />

EXISTING EXISTING<br />

BP GAS McDONALDS<br />

STATION<br />

EXISTING OUTPARCEL PROPERTY LINES ARE APPROXIMATE<br />

FUTURE "DUNKIN DRIVE"<br />

GERRARDSTOWN ROAD<br />

SW<br />

POND<br />

x PARKING SP<strong>AC</strong>ES<br />

±<br />

8.1 acres<br />

±64'<br />

±60'<br />

±40'<br />

±60'<br />

±40'<br />

±64'<br />

±40'<br />

MINI STRIP<br />

MALL<br />

± 2.7 <strong>AC</strong>RES<br />

ROUTE 51<br />

NEW DRIVEWAY<br />

FORMER<br />

FOOD LION<br />

RELOCATED<br />

EXIST<br />

WAFFLE<br />

HOUSE<br />

243 PARKING SP<strong>AC</strong>ES<br />

±80'<br />

CENTER<br />

OUTPARCEL<br />

±80'<br />

±60'<br />

±80'<br />

±60'<br />

±60'<br />

± 2.9 <strong>AC</strong>RES<br />

outparcel size and<br />

configuration may vary<br />

EXIST<br />

CAR WASH<br />

EXISTING<br />

BURGER KING<br />

EXISTING OUTPARCEL PROPERTY<br />

LINES ARE APPROXIMATE<br />

PROPOSED BIG<br />

BOX RETAILER<br />

±167,000 SF<br />

±669 PARKING STALLS<br />

(+132 GAS STATION<br />

PARKING STALLS)= 701<br />

5+ SP<strong>AC</strong>ES PER 1,000 SF<br />

455' FRONTAGE<br />

± 18.5 <strong>AC</strong>RES<br />

42 SP<strong>AC</strong>ES<br />

TRANSFORMER<br />

CONTROLLER<br />

ENCLOSURE<br />

89 PARKING SP<strong>AC</strong>ES<br />

24' 18'<br />

UNDERGROUND<br />

TANKS<br />

CANOPY<br />

CURB CUT<br />

PILGRIM STREET<br />

STORMWATER<br />

MANAGEMENT<br />

ENTRY/EXIT<br />

DRIVE,<br />

CURB CUT<br />

ENTRY/EXIT DRIVE,<br />

CURB CUT<br />

EXISTING<br />

DEAD-END<br />

ROAD<br />

POND<br />

± 1.2 <strong>AC</strong>RES<br />

WINCHESTER AVENUE ROUTE 11<br />

TRUCK AND<br />

FIRE LANE<br />

<strong>AC</strong>CESS<br />

50 522<br />

INTERSTATE<br />

81<br />

37<br />

DEVELOPMENT DATA<br />

ANCHOR STORES<br />

PROPOSED BIG BOX RETAILER---------167,000 SF<br />

PROPOSED BIG BOX RETAILER-----------91,000 SF<br />

TOTAL ANCHOR STORES-----------------258,000 SF<br />

OUTPARCELS<br />

MINI-STRIPMALL---------------------15,360 SF<br />

THREE-BOX OUTPARCEL------------14,400 SF<br />

(4,800 SF EA)<br />

TOTAL OUTPARCEL LEASABLE AREA----29,760 SF<br />

OVERALL LEASABLE AREA--------------287,760 SF<br />

TOTAL PARKING PROVIDED---------±1,596 VEHICLES<br />

TOTAL LAND AREA-----------------------±<strong>54</strong> <strong>AC</strong>RES<br />

PLOT PLAN<br />

<strong>54</strong> <strong>AC</strong>RE SITE<br />

PILGRIM STREET. & GERRARDSTOWN ROAD<br />

INWOOD, WV 2<strong>54</strong>28<br />

BERKELEY COUNTY<br />

50<br />

7<br />

MAIN ENTRANCE CURB CUT<br />

"DUNKIN' DRIVE"<br />

MANAGED BY<br />

REVISIONS<br />

DATE: 08.23.2023<br />

0 50 100 200 FT<br />

SCALE<br />

PP-1<br />

04<br />

DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV


The nearest <strong>Weis</strong> <strong>Markets</strong> is located in<br />

Martinsburg, WV, 7 miles (11 minute<br />

drive) from the subject location.


AREA RESIDENTIAL GROWTH<br />

Spring Hill (387 single family homes)<br />

Townes of Topaz (45 Townhomes)<br />

Genesis Drive (14 Townhomes)<br />

<strong>Inwood</strong> Meadows (173+ Single Family Homes)<br />

Webber Springs (185+ Single Family Homes)<br />

Foley Springs (137 Single Family Homes, 182 Townhomes)<br />

Morning Dove Estates (130+ Single Family Homes)<br />

McCauley Crossing (100+ Single Family Homes, 115+ Townhomes)<br />

Trout Run (119 Townhomes)<br />

Boyd's Crossing (60 Townhomes)<br />

Elizabeth Station (235+ Single Family Homes)<br />

Highpointe (58 Single Family Homes)<br />

Sylvan Grove (56+ Single Family Homes)<br />

Stoney Ridge (110+ Single Family Homes)<br />

Bentwood Estates (130+ Single Family Homes)<br />

Springdale Farm (200+ Single Family Homes)<br />

Tabler Estates (120+ Single Family Homes)<br />

Tabler Station Manor (148 Townhomes)<br />

Mills Farm (124 Single Family Homes, 94+ Townhomes)<br />

Mill Creek Village (90+ Single Family Homes)<br />

South Brook (76 Single Family Homes)<br />

<strong>Inwood</strong> Village (128 Townhomes, 75+ Single Family Homes)<br />

< $199,000 $400,000 - $499,000<br />

$200,000 - $299,000 $500,000+<br />

$300,000 - $399,000 Rental<br />

06<br />

DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV


11


DEMOGRAPHICS & KEY F<strong>AC</strong>TS<br />

3 MILE RADIUS<br />

18,101 319 13,265 $219,844 $31,951 $67,190 1.57% 37.6<br />

Total<br />

Population<br />

Businesses<br />

Daytime<br />

Population<br />

Median Home<br />

Value<br />

Per Capita<br />

Income<br />

Median<br />

Household<br />

Income<br />

2020-2022<br />

Pop Growth Rate<br />

Median Age<br />

KEY SPENDING F<strong>AC</strong>TS<br />

$5,000<br />

$4,000<br />

$3,000<br />

$2,000<br />

$1,000<br />

$2,373<br />

$962<br />

$1,955<br />

$2,999<br />

$615<br />

$0<br />

Travel Transportation Apparel Entertainment Furniture<br />

08<br />

DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV


These infographics contain data provided by Esri, Esri and Bureau of Labor Statistics Esri and Data Axle.<br />

The vintage of the data is 2023, 2028. Spending facts are average annual dollar per household.<br />

5 MILE RADIUS 10 MILE RADIUS<br />

33,595 468 23,289 $228,416 101,695 2,376 90,912 $251,876<br />

Total<br />

Population<br />

Businesses<br />

Daytime<br />

Population<br />

Median Home<br />

Value<br />

Total<br />

Population<br />

Businesses<br />

Daytime<br />

Population<br />

Median Home<br />

Value<br />

$33,470 $69,610 1.80% 39.0 $35,163 $67,7<strong>54</strong> 1.11% 39.8<br />

Per Capita<br />

Income<br />

Median<br />

Household<br />

Income<br />

2020-2022<br />

Pop Growth<br />

Rate<br />

Median Age<br />

Per Capita<br />

Income<br />

Median<br />

Household<br />

Income<br />

2020-2022<br />

Pop Growth<br />

Rate<br />

Median Age<br />

KEY SPENDING F<strong>AC</strong>TS<br />

KEY SPENDING F<strong>AC</strong>TS<br />

$3,138 $3,223<br />

$3,000 $3,000<br />

$2,441<br />

$2,019<br />

$2,477<br />

$2,000 $2,000<br />

$2,078<br />

$983<br />

$1,000 $634 $1,000<br />

$998<br />

$642<br />

$0 $0<br />

Travel Transportation Apparel Entertainment Furniture<br />

Travel<br />

Transportation<br />

Apparel<br />

Entertainment<br />

Furniture<br />

BL<strong>AC</strong>K DIAMOND REALTY 09


MAJOR LOCAL EMPLOYERS<br />

FORTUNE 500 & INTERNATIONAL COMPANIES<br />

Ideally situated at the I-81 Corridor, Berkeley County is the Eastern Panhandle of West Virginia’s premier location for a<br />

new business or a development project. At 5,121 businesses strong and growing, Berkeley County is home to many<br />

Fortune 500 and international companies, including:<br />

INTERNATIONAL<br />

The Clorox Company champions<br />

people to be well and<br />

thrive every single day. Its<br />

trusted brands, which include<br />

Brita®, Burt's Bees®, Clorox®,<br />

Fresh Step®, Glad®, Hidden<br />

Valley®, Kingsford®, Liquid-Plumr®,<br />

Pine-Sol® and<br />

Rainbow Light®, can be found<br />

in about nine of 10 U.S. homes<br />

and internationally with brands<br />

such as Ajudin®, Clorinda®,<br />

Chux® and Poett®.<br />

Headquartered in Oakland,<br />

California, since 1913, Clorox<br />

was one of the first U.S.<br />

companies to integrate ESG<br />

into its business reporting, with<br />

commitments in three areas:<br />

Healthy Lives, Clean World and<br />

Thriving Communities.<br />

FedEx Corp (FedEx) is a<br />

provider of transportation,<br />

e-commerce and business<br />

services. It offers time-definite<br />

delivery services and international<br />

trade services such<br />

as customs brokerage, and<br />

global ocean and air freight<br />

forwarding.<br />

The company provides<br />

small-package ground delivery<br />

services, residential delivery<br />

services, less-than-truckload<br />

(LTL) freight services, in-store<br />

services and other business<br />

solutions. It has a market<br />

presence across various<br />

countries and territories in<br />

North America, South and<br />

Central America, Asia-Pacific,<br />

the Middle East, and Europe.<br />

Procter & Gamble is an American<br />

consumer goods giant<br />

specializing in a wide range<br />

of personal care and hygiene<br />

products. P&G was founded<br />

in 1837 by brothers-in-law<br />

William Procter, a candlemaker,<br />

and James Gamble, a<br />

soapmaker. Today the company<br />

manufactures well-known<br />

household products, including<br />

Crest, Charmin, Tide, Oral-B,<br />

Bounty, Febreze, Downy,<br />

and Gain.<br />

In 2014, P&G dropped around<br />

100 of its brands to make a<br />

concentrated effort on the<br />

remaining 65, which produced<br />

95% of the company’s profits.<br />

In 2020, P&G announced plans<br />

for its operations to be climate<br />

neutral by 2030, extending<br />

a previous goal to reduce<br />

emissions by half over the<br />

next 10 years.<br />

From their humble beginnings<br />

as a small discount retailer<br />

in Rogers, Ark., Walmart has<br />

opened thousands of stores in<br />

the U.S. and expanded internationally.<br />

Through innovation,<br />

they're creating a seamless<br />

experience to let customers<br />

shop anytime and anywhere<br />

online and in stores. They are<br />

creating opportunities and<br />

bringing value to customers<br />

and communities around the<br />

globe.<br />

Walmart operates approximately<br />

10,500 stores and<br />

clubs under 46 banners in 24<br />

countries and eCommerce<br />

websites. They employ 2.3<br />

million associates around the<br />

world — nearly 1.6 million in<br />

the U.S. alone.<br />

INTERNATIONAL<br />

INTERNATIONAL<br />

Source:<br />

https://www.thecloroxcompany.com/<br />

Source:<br />

https://www.globaldata.com/<br />

company-profile/fedex-corp/<br />

Source:<br />

https://fortune.com/company/<br />

procter-gamble/<br />

Source:<br />

https://corporate.walmart.com/about<br />

10<br />

DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV


EMPLOYMENT IN BERKELEY COUNTY<br />

In the last year, the employment rate in West Virginia has increased by<br />

3.8%, giving businesses 26,000 new employees. With an unemployment<br />

rate of 2.7%, Berkeley County’s workforce continues to stay well<br />

above the national and state averages, providing businesses an<br />

excellent opportunity to acquire and retain qualified talent. Even<br />

more skilled workers will be able to serve businesses across the<br />

county as more people locate to Berkeley County.<br />

Since January 2021, there has been a 17.90% increase in new businesses in<br />

Berkeley County. The Bureau of Business & Economic Research at the West<br />

Virginia University College of Business & Economics reports that this economic<br />

growth is expected to continue through 2023.<br />

In November and December of 2022, 158 new businesses were registered in<br />

Berkeley County. As they join the business community, they gain support from<br />

local leaders and education institutions.<br />

EASTERN PANHANDLE ECONOMIC OUTLOOK<br />

• The EPH has posted the largest population increase of any region in the<br />

state in recent decades by far. Over the past 20 years, the EPH has gained<br />

61,000 residents and surpassed 200,000 residents in 2021.<br />

• We expect employment to grow at an average annual rate of between 0.7<br />

to 0.8 percent per year in the EPH through 2027.<br />

• The EPH population is expected to grow at a rate of 1.1 to 1.2 percent annually<br />

in the coming years, led mostly by gains in Berkeley County's population.<br />

• Unemployment in the region has fallen sharply over the past two years and<br />

set a new all-time low at just below 2 percent in spring 2022.<br />

• Procter & Gamble's manufacturing plant added nearly 1,400 jobs and<br />

fostered the co-location of several hundred new jobs in packaging, logistics<br />

and other supporting businesses at the Tabler Station campus. More recently,<br />

the region received an additional boost in payrolls following the mid-2021<br />

and fall-2022 openings of Rockwool and Clorox manufacturing facilities in<br />

Jefferson and Berkeley counties, respectively.<br />

• Procter & Gamble's production facility has represented a major transformative<br />

shift in the Eastern Panhandle's industrial base. The $500 million facility<br />

along the 1-81 corridor in Berkeley County produces a range of consumer<br />

cleaning and personal products, including Swiffer, Tide, and various<br />

soaps and deodorants. Overall, the facility now employs more than<br />

1,600 workers and has spawned the addition of several hundred jobs at<br />

packaging and logistics operations in the area.<br />

• Indeed, the region's labor force now totals more than 100,000 residents<br />

over the age of 16 and has increased by roughly 17,00 since early-2010.<br />

In terms of official workforce participation, the region has nearly twothirds<br />

of its residents aged 16 years and older working or actively<br />

looking for work, surpassing both statewide and national averages.<br />

• The Eastern Panhandle has consistently ranked as West Virginia's fastest-growing<br />

region for the past two decades. Between 2001 and 2021,<br />

Berkeley, Jefferson and Morgan counties combined to add nearly 64,000<br />

residents.<br />

• The local population also tends to possess higher levels of educational<br />

attainment. Twenty-five percent of the region's population aged 25<br />

years and older held at least a bachelor's degree during 2020. Jefferson<br />

County contained the highest share of college graduates in the region,<br />

with nearly one in three of the county's residents aged 25 years and<br />

older possessing a bachelor's degree or higher.<br />

Sources:<br />

https://www.developmentauthority.com/pages/choose-berkeley-county/<br />

https://www.developmentauthority.com/2023/01/20/propelling-into-2023-berkeley-county-economic-growth-continues/<br />

The Eastern Panhandle Economic Outlook 2023-2027, 2022 by WVU Research Corporation<br />

TOP 10 EMPLOYERS IN BERKELEY COUNTY<br />

Berkeley County Board of Education, Macy's, United States Department of Veterans Affairs, Quad<br />

Graphics, Procter & Gamble, Walmart, Orgill, Berkeley County Commission, FedEx, Aker Solutions.<br />

FULFILLMENT<br />

CENTER<br />

BL<strong>AC</strong>K DIAMOND REALTY 11


EXIT 5<br />

Aerial Facing North.<br />

Aerial Facing West.<br />

EXIT 5<br />

Aerial Facing West.<br />

Aerial Facing North.<br />

12<br />

DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV


EXIT 5<br />

Aerial Facing North.<br />

BL<strong>AC</strong>K DIAMOND REALTY 13


EXIT 5<br />

Aerial View Facing East.<br />

14<br />

DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV


EXIT 5<br />

Aerial Facing West.<br />

BL<strong>AC</strong>K DIAMOND REALTY 15


CONT<strong>AC</strong>T<br />

BL<strong>AC</strong>K DIAMOND REALTY LLC<br />

1209 N. Queen Street<br />

Martinsburg, WV 2<strong>54</strong>04<br />

P. 304.901.7788 | F. 304.599.3285<br />

BlackDiamondRealty.net<br />

CONT<strong>AC</strong>T<br />

A2Z REAL ESTATE<br />

231 Market Street<br />

Johnstown, PA 15901<br />

P. 814.2<strong>54</strong>.4004<br />

A2ZREInc.com<br />

PRIMARY CONT<strong>AC</strong>T<br />

SECONDARY CONT<strong>AC</strong>T<br />

PRIMARY CONT<strong>AC</strong>T<br />

SECONDARY CONT<strong>AC</strong>T<br />

David Lorenze, Principal<br />

M. 304.685.3092<br />

dlorenze@blackdiamondrealty.net<br />

Kim Licciardi, Senior Associate<br />

M. 304.685.0891<br />

klicciardi@blackdiamondrealty.net<br />

Joe Anthony, Co-Founder & CEO<br />

M: 814.242.7969<br />

Steve Zamias, Co-Founder & CFO<br />

M: 814.525.2057

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