Mixed-Use Devlopment Land Discounted

Vacant Land for Sale
Catylist Listing ID: 30365959
Property Subtypes: Industrial, Multi-Family, Office, Retail
Gross Land Area: 104.73 Acres
Sale Price: $4,500,000
Unit Price: $42,967 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/18/2019

Overview / Comments

The subject property is located just off Interstate 64 at the intersection of Tinkling Spring Road (Route 608) and Ramsey Road (Route 635) in Augusta County, Virginia. The site encompasses 100 plus acres with a potential build out of nearly 900,000 square feet of commercial/retail space.

The property is zoned B-2, which allows for a wide variety of uses including retail, office and mixed-use development. Approximately 33,274 people live within five miles of the property and almost a ten percent population growth in the last eight years. The traffic count on Interstate 64 is 44,000 at exit. The subject property also has excellent ingress and egress from multiple points of access from Tinkling Spring Rd. and Ramsey Rd.

Additional Details

Nearest MSA: Staunton-Waynesboro
County: Augusta
Taxing Authority: Augusta County
Tax ID/APN: 66D-2-18,27
Zoning: B-2, MF, GI
Property Visibility: Excellent
Traffic/Vehicle Count: 44,000
Highway Access: right off interstate 64
Development Name: Westgate Town Center
Topography: Level
Easements: Ingress/Egress, Utilities
Soil Type: Mixed
Available Utilities: Electric, Water, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,341 37,190
Median Age: 39.49 42.78
Households: 3,664 15,428
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