Prime investment opportunity in the heart of historic Shepherdstown! This mixed-use property offers over 4,000 square feet of space and features five fully-leased rental units, generating steady monthly and annual income. With a strong rental history and a diverse tenant mix, this property provides a solid, turn-key investment opportunity. Ideally located just steps from popular shops, restaurants, and the campus of Shepherd University, the property benefits from consistent foot traffic and a dynamic community atmosphere. The combination of residential and commercial spaces within the building ensures a balanced and reliable income stream. Tenants enjoy proximity to everything downtown has to offer, while investors benefit from a stable return and long-term growth potential. This is a rare chance to own a high-performing income-producing asset right in the heart of Shepherdstown’s downtown district. Whether you’re looking to expand your real estate portfolio or invest in a highly desirable location with proven returns, this property checks every box. Schedule your private tour today and experience the value and potential this unique opportunity has to offer!
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.
Included with Sale: -Rental Units: The 2nd floor includes two 2BR/1BA apartment rentals with potential to produce income or house new owner and/or bakery manager. -Building: The 200+ year-old building in the center of the oldest town in West Virginia boasts a 5000 sq ft main level and another 2000 sq ft on 2nd floor. -The Business: The Sweet Shop, originally established in 1982 as a European style bakery featuring Old World style breads and pastries, is a cornerstone business in Shepherdstown. Turnkey business includes tangible and intangible assets listed further down in presentation. Three-story building constructed by shipbuilders between 1790–1810, comprising a basement and attic for storage as well as two 2-bedroom apartments above the bakery (residential). The first floor (bakery) consists of approximately 5,000 square feet consisting of the bake shop and retail area, finishing room, office, employee break room, grain and storage rooms with three walk-in freezers, laundry room, and packaging/shipping area. There is also a private outdoor courtyard. During the Civil War, the building was a main surgery location for wounded Antietam Battlefield soldiers—the names of various patients are written in the attic. The sale includes two second story residential rental units, each offering 2 bedrooms and 1 bathroom. The robust rental market is driven by Shepherd University and the local economy, ensuring a steady stream of tenants. The short term rental market is also a potential use of one or both of the units; the historic town, visits from parents at the university and local tourism, along with the lack of hotels, create a demand for this type of rental. Located in Jefferson County, WV, on cliffs above the Potomac River, Shepherdstown was founded in 1762, and is considered one of the premier tourist destinations in the region. The oldest town in the Mountain State, Shepherdstown sits just 15 minutes from either Charles Town or Harpers Ferry, WV, and less than 75 miles from Washington, D.C. Additionally, Shepherdstown is within 10 miles of West Virginia’s second-largest county (Berkeley) and sixth-largest city (Martinsburg), bordered by Interstate 81—one of the East Coast’s most heavily traveled north-south corridors.
Great Commercial lot right next to Morgan Grove Park containing almost 3 acres with Kearneysville Pike Road frontage. There are endless possibilities with this lot. Public water and sewer is right up the street. Come take a look.
Shepherdstown is located in West Virginia. Shepherdstown, West Virginia has a population of 1,529. Shepherdstown is more family-centric than the surrounding county with 45.87% of the households containing married families with children. The county average for households married with children is 33.51%.
The median household income in Shepherdstown, West Virginia is $53,125. The median household income for the surrounding county is $86,711 compared to the national median of $69,021. The median age of people living in Shepherdstown is 21.8 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 20.9 degrees. The average rainfall is approximately 40.7 inches per year, with 20 inches of snow per year.
