REQUEST A TOUR
$ 2,000,000
Est. payment /mo
Price Dropped by $250K
VIRGINIA AVE Culpeper, VA 22701
2.45 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID VACU2012830
Style Colonial
HOA Y/N No
Annual Tax Amount $2,554
Tax Year 2025
Lot Size 2.450 Acres
Acres 2.45
Property Sub-Type Quadruplex
Property Description
Looking to build a multi-family investment property in Culpeper, VA? Finding land zoned by right for multi-family development is nearly impossible these days and rezoning a property for that use is even more challenging. The approvals for this project have taken years to secure, and now Willow Grove is shovel-ready! This project has full site plan approval from the Town of Culpeper to construct two buildings totaling 30 units, including a rentable management office. Owner has also obtained full building permit approval for the blueprints. The units are permitted under current codes to be converted into condominiums and sold individually. Additionally, the newly assigned RX zoning provides significant flexibility, including allowance for short-term rentals. While short-term rentals were prohibited in many zoning classifications during the Town of Culpeper's recent zoning overhaul, they were not banned under this designation ”” a major advantage for Willow Grove. The only remaining entitlement is the utility plat and deed required by the Town. Surveyor and attorney are currently preparing the remaining minor edits for the third submission. All necessary utilities are already present and accessible on the property, including gravity-
Location
State VA
County Culpeper
Zoning R-2 Residential
Direction From Culpeper: Rt522N towards Sperryville, take 3rd exit at the roundabout onto Virginia Ave, property and sign on left
Interior
Heating Electric, Forced Air
Cooling Central Air
Fireplace No
Exterior
Utilities Available Water Not Available
Water Access Desc Not Connected
Building
Foundation Slab
Sewer None
Water Not Connected
New Construction Yes
Schools
Elementary Schools None
Middle Schools Other
Others
Tax ID 40 75
Listed by RE/MAX Gateway
Nearby Schools & Properties