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: |
$91,328 Per Acre |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/1/2021 |
Overview / Comments
Site approved by Albemarle County for 100 rental units. Can only be a rental community.
Currently has 14 rented cottages for immediate cash flow.
This is a great location next to NGIC, North Pointe and across the road from UVA Research Park.
|
Financials
| Finance Data Year |
2020 |
| Assessed Value - Total($) |
$1,979,700 (Annual) |
| Real Estate Taxes - Annual($) |
$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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