Seminole Ridge
Vacant Land
for Sale
Sale Pending/Contingent
Catylist Listing ID: |
30371071 |
Property Subtypes: |
Multi-Family
|
Status: |
Pending/Contingent |
Gross Land Area: |
8.19 Acres
|
Sale Price: |
$575,000 |
Unit Price: |
$70,207 Per Acre |
Sale Terms: |
Other |
Cap Rate: |
Undisclosed |
Last Updated: |
12/23/2020 |
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.
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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 |
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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Neither Charlottesville Area Association of REALTORS nor
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