REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Abby L Walters • Preslee Real Estate
$ 425,000
Est. payment /mo
New
W LOCUST Woodstock, VA 22664
0.56 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID VASH2012804
HOA Y/N N
Annual Tax Amount $355
Tax Year 2022
Lot Size 0.562 Acres
Acres 0.56
Property Sub-Type Land
Source BRIGHT
Property Description
Prime investment opportunity in the Town of Woodstock! This 27,273 sq. ft. B-1 zoned lot is located just half a block from Main Street and offers a “by-right” build for up to an 18-unit apartment complex—no special use permits or hearings required. Site engineering by Racey's Engineering is 99% complete and has already undergone initial review by both the town and county. The current design includes a 15-unit, three-story building featuring two-bedroom, two-bathroom units of approximately 900 sq. ft. each, with rear balconies and tenant-paid utilities. The lot accommodates all required parking, and the project is being finalized for swift site plan approval. An excellent opportunity for developers seeking a ready-to-go multifamily project in a desirable Shenandoah Valley location.
Additional Opportunity:
The seller also owns a nearby parcel on Foundry Street suitable for an 8-unit apartment building. Purchasing both the Locust Street and Foundry Street lots could allow for a combined 23-unit multifamily development within downtown Woodstock. Properties may be purchased separately or together for scale and flexibility.
Disclaimer: Main image & Interior images are conceptual renderings of a proposed design and are provided for visualization purposes only. The lot is being sold with plans; construction and finish selections will be determined by the purchaser.
Additional Opportunity:
The seller also owns a nearby parcel on Foundry Street suitable for an 8-unit apartment building. Purchasing both the Locust Street and Foundry Street lots could allow for a combined 23-unit multifamily development within downtown Woodstock. Properties may be purchased separately or together for scale and flexibility.
Disclaimer: Main image & Interior images are conceptual renderings of a proposed design and are provided for visualization purposes only. The lot is being sold with plans; construction and finish selections will be determined by the purchaser.
Location
State VA
County Shenandoah
Zoning B-1
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools W.W. Robinson
Middle Schools Peter Muhlenberg
High Schools Central
School District Shenandoah County Public Schools
Others
Tax ID 045A2-12-001
Ownership Fee Simple
Special Listing Condition Standard
Virtual Tour https://iframe.videodelivery.net/e44056a3895b510d6dc2005e50a08bd5
GET MORE INFORMATION
QUICK SEARCH