River's Edge
Vacant Land
for Sale
Catylist Listing ID: |
30646676 |
Property Subtypes: |
Multi-Family
|
Gross Land Area: |
32.52 Acres
|
Sale Price: |
$2,970,000 |
Unit Price: |
$91,328 Per Acre |
Sale Terms: |
Cash to Seller, Other |
Cap Rate: |
Undisclosed |
Last Updated: |
3/1/2021 |
Overview / Comments
Site approved by Albemarle County for 100 rental units. Can only be a rental community.
Currently has 14 rented cottages for immediate cash flow.
This is a great location next to NGIC, North Pointe and across the road from UVA Research Park.
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Financials
Finance Data Year |
2020 |
Assessed Value - Total($) |
$1,979,700 (Annual) |
Real Estate Taxes - Annual($) |
$16,966 (Annual) |
Additional Details
Nearest MSA: |
Charlottesville |
County: |
Albemarle |
Taxing Authority: |
Albemarle County |
Tax ID/APN: |
03200-00-00-005A0 & 03200-00-00-005A1 |
Zoning: |
PLANNED RESIDENTIAL DEVELOPMENT |
Property Located Between: |
UVA Research Park and NGIC |
Property Visibility: |
Good |
Legal Description: |
Tax map #s 32-5A and 32-5A1 |
Largest Nearby Street: |
Route 29 N |
Highway Access: |
Route 29 N |
Airports: |
Charlottesville |
Site Description: |
Rolling |
Zoning Description: |
Planned Residential Development |
Development Name: |
River's Edge |
Topography: |
Rolling |
Soil Type: |
Mixed |
Available Utilities: |
Electric |
Demographic Statistics
Proximity: |
3 miles |
5 miles |
Total Population: |
10,644 |
28,300 |
Median Age: |
41.46 |
41.24 |
Households: |
3,949 |
10,589 |
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