51.3 Acres on May Ave

Vacant Land for Sale
Catylist Listing ID: 30464881
Property Subtypes: Agricultural, Mobile Home Park, Multi-Family, Residential (Single Family), Vacation/Resort
Gross Land Area: 51.30 Acres
Sale Price: $449,900
Unit Price: $8,769 Per Acre
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/22/2021

Overview / Comments

Come see this great opportunity located in the city of Waynesboro adjacent to the future site of Sunset Park. Cleared land is great for horses and farm animals. Large barn included! Perfect spot for a farmer's market! If you have always wanted a farm but prefer the city locale, this is the spot to build your dream farm house. This 51+ acre parcel features a lovely pond. The acreage is currently zoned RG-5 and ready for development, as well, even subdivided so you can live on the larger parcel and sell off lots. The investment opportunity is second to none! Plat, RG-5 zoning specs, Sunset Park news update, city zoning ordinance, and survey of the farm portion are available.

Additional Details

Nearest MSA: Staunton
County: Waynesboro City
Taxing Authority: Waynesboro
Tax ID/APN: 49484
Property Located Between: Take Rt 340 North from Downtown Waynesboro. R onto 4th St. R onto Ivanhoe Ave. L onto 5th St. Follow to end of the road to transition into May Ave. Majority of the land is on the Left.
Property Visibility: Good
Legal Description: (a) TM 48-2-1, on both sides of May Ave, comprised of TM 57-1-170-1 thru 5; TM 57-1-182-1 thru 16; TM 57-1-193-1 thru 8; +/- 46.886 acres; (b) TM 47-1-169-1 Lots 1 thru 15 +/- 2.145 acres; (c) TM 47-1-181-3 Lots 1-16 +/- 2.288 acres.
Area Description: https://youtu.be/mj77AUrvRww
Zoning Description: Commercial Development, Investment, Multi-Family, Residential

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,391 20,419 30,154
Median Age: 32.05 38.69 41.34
Households: 988 8,653 12,691

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