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- LoopNet Team
754 S Main St
Woodstock, VA 22664
Woodstock Investment - Value Add · Land For Sale · 4.93 AC
Investment Highlights
- New Mixed use project to be developed in front of this site
- Current property site allows to remove Warehouse building and develop the project in phases
- Almost 5 acres of gently rolling topography for ease of development
- $100,000 in income, while planning the redevelopment
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 4.93 AC |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 4.93 AC |
Description
Woodstock corridor of growth, just south of Downtown, next to Massanutten Military Academy. The property in front of this 5 acre parcel was just approved for a mixed use project, containing 48 apartments over commercial, paving the way for additional development at this site. Add to this central location the much touted "Rails to Trails" project that runs along the western border of this property if and when it is finally approved. The 5 acres is improved by two houses, one apartment building and metal commercial building leased to a body shop and towing company. The property is fully leased contributing a current income of over $100,000. Terrific income, while you plan and phase in your Multi-Family redevelopment project at this site. Asking price is $1,650,000 at a 6.1% Cap Rate. Below market rents and the Muti-Family development potential at this site makes this a project you will want to take a closer look at. Imagine the possibilities!
PROPERTY TAXES
| Parcel Number | 045A4-A-031A | Improvements Assessment | $485,100 |
| Land Assessment | $469,600 | Total Assessment | $954,700 |
PROPERTY TAXES
zoning
| Zoning Code | B2 (Business zoning) |
| B2 (Business zoning) |
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