754758 S Main Street

WOODSTOCK, VA 22664

  • 214,751 Sqft
  • 214750.8
    Sqft(Lot)
$1,550,000

Description

Woodstock corridor of growth, just south of downtown, next to massanutten military academy. the property in front of this 5 acre parcel was previously approved sup for a mixed use project, containing 48 apartments over commercial, paving the way for additional development at this site. sup has expired july 2023, needs renewed! add to this central location the much touted "rails to trails" project that runs along the western border of this property if and when it is finally approved. the 5 acres is improved by two houses, one apartment building and metal commercial building leased to a body shop and towing company. the property is fully leased contributing a current income of over $106,000. terrific income, while you rezone this property with a tnd overlay plan and phase in your multi-family redevelopment project at this site. asking price is $1,550,000 at a 6.8% cap rate. below market rents and the multi-family development potential at this site makes this a project you will want to take a closer look at. imagine the possibilities!

  • Property Type

    Land

  • County

    SHENANDOAH

  • Style

    Land

  • AD ID

    41714621

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Property Details

  • Water/Sewer

    • Water Source : Public

  • Exterior Features

    • Utilities: Cable TV Available,Electric Available,Natural Gas Available,Sewer Available,Water Available

    Utility Features

    • Sewer: Public Sewer

  • Lot Information

    • Lot Size: 214,751
    • Lot Size (Acres): 4.93
    • Main Square Feet: 214,751

    Property Information

    • Total Lot SQ ft: 214,751
    • Total Acreage: 4.93

  • Listing Information

    • Possession: Immediate,0-30 Days CD
    • Days Of Market: 423

    Lease Information

    • Lease Considered: No

  • Tax Information

    • Annual Tax: $5,752
    • Tax Year: 2022
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate,0-30 Days CD

    Assessment Information

    • Taxes Assessment Amount: $810,200

  • Homeowners Association Information

    • Direction: Rt #11 north just past Woodstock Hospital, turn left into the site between Naked Bear RV and the Massanutten Military Academy Sports Field.

  • School Information

    • School District: SHENANDOAH COUNTY PUBLIC SCHOOLS

    Utility Information

    • Cable TV Available,Electric Available,Natural Gas Available,Sewer Available,Water Available
    • Water Source: Public
    • Sewer: Public Sewer

    Location Information

    • Direction: Rt #11 north just past Woodstock Hospital, turn left into the site between Naked Bear RV and the Massanutten Military Academy Sports Field.
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BuyOwner last updated this listing 04/27/2024 @ 11:00

  • MLS: VASH2003966
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

Buyer Agency Compensation: 2%
Offer of compensation is made only to participants of the MLS where the listing is filed.

is a Land, with 0 bedrooms which is for sale, it has 214,751 sqft, 214,751 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of WOODSTOCK , in zip code 22664, this SHENANDOAH County Land are nearby neighborhoods.