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$ 1,125,000
Est. payment /mo
Pending
512 RIDGE ST Charlottesville, VA 22902
4 Beds
2 Baths
1,511 SqFt
UPDATED:
10/21/2024 09:41 PM
Key Details
Property Type Multi-Family
Sub Type Duplex Over/Under
Listing Status Pending
Purchase Type For Sale
Square Footage 1,511 sqft
Price per Sqft $744
MLS Listing ID 582158
Bedrooms 4
Year Built 1957
Annual Tax Amount $7,000
Tax Year 2018
Lot Size 1.000 Acres
Acres 1.0
Property Description
Fantastic Development/Investment Potential currently has existing over/under duplex on Ridge Street and the extra land attached is ideal for future possible construction of new apartments or townhomes. Shown by appointment only, no visits to property without agent knowledge or permission. Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. With the new zoning in place in 2024, the development plan should potentially allow for 13 luxury townhomes or about 30 apartments. Architect plans for the homes and the site plan are available upon request.
Location
State VA
County Charlottesville
Area Charlottesville
Zoning R-2 Two Family Residential
Rooms
Basement Heated, Partly Finished, Walk Out, Windows
Interior
Heating Forced Air, Heat Pump, Natural Gas
Exterior
Roof Type Composition Shingle
Building
Foundation Concrete Block
Sewer Public Sewer
Water Public Water
New Construction No
Schools
Elementary Schools Summit
Middle Schools Walker & Buford
High Schools Charlottesville
Others
SqFt Source Public Records
Listed by REAL ESTATE III, INC.