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Virginia Ave

Culpeper VA 22701

2.45 ac.
Duplex
Currently for sale - view listing

Overview

Looking to build a multi-family investment property in Culpeper, VA? Finding land zoned by right for multi-family development is nearly impossible these days and rezoning a property for that use is even more challenging. The approvals for this project have taken years to secure, and now Willow Grove is shovel-ready! This project has full site plan approval from the Town of Culpeper to construct two buildings totaling 30 units, including a rentable management office. Owner has also obtained full building permit approval for the blueprints. The units are permitted under current codes to be converted into condominiums and sold individually. Additionally, the newly assigned RX zoning provides significant flexibility, including allowance for short-term rentals. While short-term rentals were prohibited in many zoning classifications during the Town of Culpeper's recent zoning overhaul, they were not banned under this designation ”” a major advantage for Willow Grove. The only remaining entitlement is the utility plat and deed required by the Town. Surveyor and attorney are currently preparing the remaining minor edits for the third submission. All necessary utilities are already present and accessible on the property, including gravity-

Features

2.45 ac. lot size
Duplex

Property history for Virginia Ave

2018
Sold
$360,820
16 Mar 2018
2017
Sold
$22,500
15 Feb 2017 by Philip Thornton
2017
Sold
$22,500
15 Feb 2017 by Susan Pash, of Century 21 Redwood Realty

Happy sellers in Culpeper

90%
90% of sellers in Culpeper reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 4 reviews in Culpeper over the last 12 months.

Local market activity for duplexes in Culpeper

In the last 12 months, 1 duplex similar to Virginia Ave, have been sold.

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