Cove Lawn Farm - Event Venue Potential

Farm/Ranch for Sale
Also listed as Special Purpose
Catylist Listing ID: 30422115
Property Subtypes: Horse, Livestock, Nursery, Orchard, Ranch, Other
Gross Land Area: 24 Acres
Sale Price: $1,500,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/21/2019

Overview / Comments

Cove Lawn Farm's prime location and 24 acres combined with its historic home and scenic views presents an excellent opportunity as a potential high-end Wedding Event Venue, Farm Distillery or Farm Brewery for 200+. Located 20 minutes from Charlottesville and UVA, Cove Lawn Farm is situated in one of Virginia's most desirable corridors for Wedding Events, Farm Distilleries, Farm Breweries or as a traditional residence.

Documented as the oldest residence in the Covesville Historic District of Albemarle County, Cove Lawn Farm was first built in 1782, with expansion in 1837, plus later additions. Major restoration and upgrade completed in 2004-2005 with meticulous respect for Virginia country heritage. Guest cottage may date to the earliest period.

The 24+ Acres of this remarkable Cove Lawn Farm includes attractive and updated 4 bedroom, 2.5 bath Main house, nearby 3 bedroom 2 bath Guest Cottage, 1 bedroom 1 bath Apartment; 2 garages totaling 10 garage spaces and 1 RV garage. Three additional separate farm buildings, including a 2800/sf barn. The main home would make an exceptional space for overnight wedding guests or homeowners. The guest cottage would make a generous space for family members, event guests or as an office. The apartment would make a perfect bridal suite. Optimum open land allows for building new event structures with surrounding majestic mountain views. The existing 2800/sf barn could be re-purposed into event space and the 7-car garage could be re-purposed for on-site event storage. Come see for yourself and explore the options!

Additional Details

Nearest MSA: Charlottesville
County: Albemarle
Tax ID/APN: 419319844684
Zoning: RA
Property Located Between: Charlottesville and Lovingston
Highway Access: 15 miles south of I-64. Cove Lawn Farm is situated just off Rt. 29.
Airports: 35 minutes to Charlottesville Airport, 55 minutes to Lynchburg Airport, 1hr 30min to Richmond International Airport
Site Description: Cove Lawn Farm's 24 acres were originally used as an Orchard. Today it's documented as the oldest residence in the Covesville Historic District of Albemarle County, Cove Lawn Farm was first built in 1782, with expansion in 1837, plus later additions.
Area Description: Covesville is located along the southern border of Albemarle County off of Rt. 29 just twenty minutes south of Charlottesville and UVA. Rt. 29's scenic, 4-lane road allows for easy commutes for owners, guests, limo's or other commercial vehicles.
Zoning Description: RA
Topography: Gently Sloping
Water Service: Well
Sewer Type: Septic
Available Utilities: Electric, Internet Access
Legal Description: TM 108 Parcel 7A

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,117 3,690
Median Age: 45.18 45.91
Households: 446 1,482
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