Address
754-758 S Main Street, Woodstock, VA
Price
$ 1,550,000
Property Attributes
- MLS#VASH2003966
- TypeLand
- CountySHENANDOAH
- CityWoodstock
- Zip22664
- StyleApartments,Automotive,Investment,Residential
- Taxes$ 5752
- Price$ 1,550,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size4.93 Acres
Data Source:
Bright MLS
Property 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!
| Price History | |
|---|---|
| 7/21/2022 | Listed $1,650,000 |
| 12/19/2022 | 7% - $1,550,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable TV Available,Electric Available,Natural Gas Available,Sewer Available,Water Available |
| Possession | Immediate,0-30 Days CD |
| Zoning | B2 |
| Property SubType | Land |
| Tax Year | 2022 |
| Current Use | Apartments,Automotive,Investment,Residential |
| Percent Ownership | Fee Simple |
| County | SHENANDOAH |
| Property Type | Land |
| HOA / Comm Assn | No |
| Possible Use | Apartment Building,Development |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | Rt #11 north just past Woodstock Hospital,turn left into the site between Naked Bear RV and the Massanutten Military Academy Sports Field. |
| ModificationTimestamp | 2024-03-14T09:43:53 |
| City | WOODSTOCK |
| Buyer Agent Compensation | 2 |
| Zoning Description | Commercial |
| Lot Size Square Feet | 214750.80 |
| Tax Assessed Value | 810200.0 |
| Waterfront Y/N | No |
| Street Name | MAIN |
| Tax Annual Amount | 5752.0 |
| Condo/Coop Association Y/N | No |
| Clean Green Assessed Y/N | No |
| Price Per Sq Ft | 7.22 |
| Additional Parcels Y/N | No |
| Historic Y/N | No |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 469 |
| Standard Status | Active |
| Tax Lot | 031 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Street Suffix | STREET |
|---|
Exterior Features
| Lot Features | No Thru Street,Level,Irregular,Backs to Trees |
|---|---|
| Water Source | Public |
| Land Use Code | 3 |
| Water View Y/N | No |
| Lot Size Acres | 4.93 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Horse Y/N | No |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 22664
Price
Taxes
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