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7611 James Madison Hwy - Blue Ridge Farms

16.44 Acres of Residential Land Offered at $3,500,000 in Gainesville, VA 20155

Investment Highlights

  • Highly desired area
  • One acre homesites are suggested by the County Comprehensive Plan
  • Excellent topography for development

Executive Summary

Prime location for development. Located about a half mile from Lee Highway (Route 29) with higher density and commercial development nearby. Public water main and sewer force main are located in James Madison Highway that abuts the property.

Property Facts

Price $3,500,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 16.44 AC

1 Lot Available

Lot

Price $3,500,000
Price Per AC $212,895
Lot Size 16.44 AC

Rectangular shaped gently sloping property with approximately 650LF of road frontage on US #15. Zoning is A-1. Possible zoning per zoning ordinance for one lot per 2 acres. Adjoins high density 55+ apartment development and memory care facility.

Description

Property is entered through a gated entry and paved driveway. There is a 3,292 SF mostly stone faced manor home with 4 bedrooms, 4 baths, 1,300 SF finished basement with a separate apartment including a private entrance, as well as a 3 car oversized garage. The covered rear deck overlooks a 40' inground heated swimming pool and garden plus an outdoor gazebo. A large 1,900 SF workshop with large paved area is on the property along with a horse stable with with 7 stalls including a 2nd floor 400 SF office and large deck. The property is fenced and cross fenced. The property lies close to the intersection of Lee Highway where there are multiple commercial centers and offices. Adjoining the property is a 55+ age apartment community and memory care facility. The rear of the property adjoins Breyerton Estates with current county assessments of single family homes in the $1,000,000 range. The property is offered at $3,500,000 for an immediate sale "as-is" or as adjusted upward tied to agreed higher land use and contingencies or densities. The property is gated and the house is occupied: therefore shown by appointment only.

zoning

Zoning Code A-1 (agricultural. Long term plan is cluster zoning of one acre lots. However single family one acre lots are suggested per the County Comp Plan)
A-1 (agricultural. Long term plan is cluster zoning of one acre lots. However single family one acre lots are suggested per the County Comp Plan)
  • Listing ID: 28883877

  • Date on Market: 6/29/2023

  • Last Updated:

  • Address: 7611 James Madison Hwy, Gainesville, VA 20155

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