$2,750,000 $14,763 est/mo Sourced by Back At You

701 N Main St,Culpeper, VA 22701

Culpeper VA, 22701

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Description

Initial public offering of one of Culpeper's most iconic sites. The former home of Baby Jim's is now the Main Street gateway to a 4-lot, 1.72 acre canvas offering myriad opportunities for discerning developers. All lots maintain either C3 or R3 zoning and afford the opportunity to immediately develop over 40 units; however, preliminary meetings with the town indicate they would accommodate a request for additional density. This represents an incredible opportunity to develop almost an entire city block and your vision run wild. Condos ... Luxury Apartments ... Townhomes ... Mixed Use? The local market is receptive to virtually any product offering. There is also an intriguing affordable housing play, whereby your acquisition/development costs could be offset by sizeable tax credits. Rarely do opportunities to redevelop a premier Main Street location in downtown Culpeper present themselves. Easy access to all commuter routes, a short walk to historic and award-winning Davis & Main shopping and dining corridor, close proximity to rail service, public utilities on site, as well as, fiber, cable and natural gas. Long overdue, don't miss your opportunity to be at the forefront of redeveloping one of Culpeper's next hot sections ... North Main!

Details

MLS#VACU2006796
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site206
Listing Provided ByLong & Foster Real Estate, Inc. | Philip L Thornton IV
Buying Commision2.5% Of

Features

ZoningC3 & R3
Acreage1.72
Property ViewYes

Market Activity 22701

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Listings Checked: 2 minutes ago
StateVA
CountyCulpeper
CityCulpeper
Zip Code22701
School DistrictCulpeper County Public Schools
Listing VS Median (in 22701)
Price:
$2,750,000
low | high
Med:
$499,450
100% of Average
On Site:
206
low | high
Med:
60.000000
100% of Average
Sourced by Back At You
Listing Updated: May 31, 2024 at 4:31:24 PM PDT