Highlights

• Excellent subdivision development potential
• Short-term timber value

• Excellent soils

Description

Tax Map 32-A-9 (Rising Sun Road) contains 210 acres and has approximately 4,000 feet of frontage on the east line of State Route 608 just north of Wilmington. The Rising Sun parcel can be subdivided by-right into approximately 80 small rural cluster lots or 9 20+-acre estate lots with no construction costs.

Tax Map 32-A-18 (Evergreen Church Road) contains 194 acres and has approximately 9,700' of frontage on three hard-surface roads. This parcel could be divided by right into approximately 75 rural cluster lots or 15 large estate lots.

Both parcels are essentially 100% wooded with 10-15 year old planted pine. The seller is currently in the process of having a boundary survey performed for the purpose of subdividing the entire 400 acres into five "parent" tracts, each of which retains full development rights. Furthermore, one of the "parent" tracts will be subdivided into five residential building lots. Offered for sale are the five "parent" tracts for approximately $6,000 per acre per tract.

The Folkes Tract is situated in an area known as Wilmington in Central Fluvanna County, approximately 4 miles east of Palmyra, and 10 miles south of Zion Crossroads. Wilmington is defined by a quaint country crossroads and an 18th-century tavern at which General Lafayette reportedly stayed during the Revolutionary War. Access to I-64 is relatively convenient via Rt. 15 4 miles west.or Ferncliff 11 miles east.