$425,000

W LOCUST, Woodstock, VA 22664

  • Property Icon Land
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.56acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 19 days ago

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.

Listing Status:
Active
Listing Office:
Preslee Real Estate : 5402274416
Listing Agent:
Abby L Walters : 5402274416
MLS ID:
VASH2012804
  • Originating MLS: BRIGHT_MAIN
  • School District: SHENANDOAH COUNTY PUBLIC SCHOOLS
  • County: SHENANDOAH-VA
  • Zoning: B-1045A2-12-001
  • Current Use: Vacant
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Abby L Walters, Preslee Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

W.W. Robinson Elementary School

1231 Susan Ave, Woodstock, VA, 22664

Grades PK-4

1.71 miles away

P

Peter Muhlenberg Middle School

1251 Susan Ave, Woodstock, VA, 22664

Grades 5-7

1.83 miles away

C

Central High School

1147 Susan Ave, Woodstock, VA, 22664

Grades 8-12

1.56 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.