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592 Valley Pike - Multifamily Development Land
12.5 Acres of Residential Land Offered at $600,000 in Lexington, VA 24450
Investment Highlights
- Conditionally Rezoned (R-MF) for 70 Apartments
- 3 Phase Power
- Natural Gas Line Access
- Potential to Add Additional Units
- Public Water/Septic
Property Facts
| Price | $600,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 12.50 AC |
| Price | $600,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 12.50 AC |
1 Lot Available
Lot
| Price | $600,000 | Lot Size | 12.50 AC |
| Price Per AC | $48,000 |
| Price | $600,000 |
| Price Per AC | $48,000 |
| Lot Size | 12.50 AC |
Description
12.5 acres located in Rockbridge County, VA, just outside of the City of Lexington in the Central Shenandoah Valley. Zoned R-1, Conditionally rezoned (R-MF) for 70 apartments with potential to add additional units. Only minutes from Virginia Military Institute, Washington & Lee University, and in close proximity to area retailers, this site is ideal for Multi-family development.
zoning
| Zoning Code | R-1 |
| R-1 |
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Luke Dykeman -
Coldwell Banker Commercial Read & Co
Presented by
592 Valley Pike - Multifamily Development Land
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