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: |
8/11/2020 |
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.
|
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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