Seminole Ridge

Vacant Land for Sale
Catylist Listing ID: 30371071
Property Subtypes: Multi-Family
Gross Land Area: 8.19 Acres
Sale Price: $575,000
Unit Price: $70,207 Per Acre
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/31/2021

Overview / Comments

GREAT COMMERCIAL OPPORTUNITY - Seminole Ridge on Route US 29 south in Madison County. This is an exceptionally well located R-3 residential land parcel that is served by public water and sewer on site. A developed plan has been approved that will allow for a 65 unit unrestricted Multi-Family Option project. Adjoining Madison Plaza Food Lion Center, The Town of Madison and across US 29 from the High School. VDOT traffic count 25,000+- vehicle trips per day.

Additional Details

Nearest MSA: Charlottesville
County: Madison
Tax ID/APN: 48 22
Zoning: R-3
Property Located Between: On Route US 29 south
Property Visibility: Excellent
Legal Description: Parcel Y, Tax Map 48, Parcel 13-J, containing 8.194+- acres
Traffic/Vehicle Count: 25,000
Highway Access: Route 29 South
Available Utilities: Electric, Water, Sewer
Water Service: Other
Sewer Type: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,292 2,292 7,163
Median Age: 43.22 43.22 45.14
Households: 874 874 2,790


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