15030 Lee Highway

Off Market

15030 Lee Highway

Gainesville VA 20155

349177 sq. ft.

Land

Last sold for $1,100,000

Edward Wright, last sold this property on 26 May 2023 after 211 days on market.

Overview

Investment opportunity: 8 Acre lot on Lee Highway US 29 with a house and small warehouse. Highly visible with 212 feet of frontage on north side of US-29. Located near The Shops at Stonewall (Wegmans, Bed Bath & Beyond, & Dicks Sporting Goods). House: The existing home at 10530 Lee Hwy is a 44 year-old brick and frame 3 bedroom 3 bath split level with 2 car garage in average condition. Workshop located behind the house. Zoning: The existing zoning of the subject?s is A-1 Agricultural. The subject is surrounded on the northwest and east by R4 zoning, it seems reasonable to assume that the County would look favorably on rezoning the subject to R4. R4 allows low-to-moderate density residential uses at approximately four dwelling units per acre. The minimum lot size is 10,000 SF with a minimum lot width of 70? (100? for corner lots) with open space of 60% of the lot. Front, rear and side setbacks are 30?, 25? and 10?, respectively. Highest and Best Use: The subject is located on a highway corridor ripe for development of vacant parcels into higher density residential and commercial uses. The almost insatiable demand for raw land available for new home construction, the rising demographics of the surrounding neighborhood, as well as the limitations imposed by the zoning requirements, in my opinion, the highest and best use of the subject is for holding as an investment, until the site can be assembled with the adjacent vacant properties. The subject is right in the path of development coming from the east and west along Lee Hwy. Location: This parcel contains 8 acres along the north side of Lee Highway north of the Lake Manassas Planned Community and just west of the Hopewell?s Landing subdivision. The property is located in the western portion of Prince William County approximately one half mile west of Gainesville, three miles south of Haymarket, and two+- miles west of I-66. Washington, DC is approximately 30 miles to the east of the subject property. The area contains a broad mix of residential and commercial/retail, religious, recreational and municipal uses, varying from low to medium density neighborhoods, with ages of construction typically between new and 30 years in the area. New construction is in evidence in all use categories as population continues its growth throughout the County. GPIN: 7297-71-3287 Walk the property anytime. House tours are by appointment only.

Features

349177 sq. ft. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Gainesville over the last 12 months, the estimated median property value of 15030 Lee Highway is $294k.

Median value

$294k

Estimated value range

$260k - $2.1m

Median days on market

Estimated value trend

-49%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Gainesville. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 15030 Lee Highway

2023

Sold

$1,100,000

26 May 2023 by Edward Wright, of Wright Realty, Inc.

Happy sellers in Gainesville

52%

52% of sellers in Gainesville reported that their sale price either exceeded or met their price expectations.

Gainesville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Gainesville over the last 12 months.

Local market activity for land plots in Gainesville

In the last 12 months, 7 land plots similar to 15030 Lee Highway, have been sold.

This represents a 45% increase in land plots sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Gainesville for a market analysis.

Wes Stearns

at M.O. Wilson Properties

(291 reviews)

Get a market analysis

Traci Oliver

at Long & Foster Real Estate, Inc.

(36 reviews)

Get a market analysis

Shelley Mastro

at REMAX Real Estate Connections | Front Royal

(22 reviews)

Get a market analysis

Sandy Harris

at United Real Estate Horizon

(8 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Gainesville

Wes Stearns

Sellers who recommend Wes Stearns have praised them for being local expert, clear communication, supportive, responsive, reliable, friendly, and great negotiation