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2870 King William Ave 1.63 Acres of Commercial Land Offered at $749,900 in West Point, VA 23181
Investment Highlights
- MU-1 COMMERCIAL AND HIGH DENSITY R-3 ZONING! 1.74 ACRES!
- WELL POSITIONED FOR INCREASED DENSITY AND ELIGIBILITY FOR VALUABLE ZONING DEVELOPMENT INCENTIVES!
- R-3 HIGH DENSITY-multi-family, group homes, limited residential care facilities, non-residential recreational, educational, public service bldg
- STRATEGIC LOCATION, High visibility and 697' OF ROAD FRONTAGE offering EXCELLENT ACCESSIBILITY!
- MU-1 COMMERCIAL-Retail stores, shops, offices, multi-family, apartments, hotels, restaurants!
- 2800sqft 5B/3Ba, 2830sqft brick home in great condition NEW HVAC and ROOF! 624sqft det. garage w/attached 2BR apartment!
Executive Summary
IDEAL LOCATION and RARE OPPORTUNITY in the rapidly developing, charming town of West Point! MU-1 COMMERCIAL AND HIGH DENSITY R-3 ZONING! 1.74 ACRES! High visibility and 697' OF ROAD FRONTAGE offering EXCELLENT ACCESSIBILITY AND ENDLESS POSSIBILITIES FOR DEVELOPMENT; 167' of road frontage on the high traffic King William Ave, 110' frontage on Lyndale St, and 420' frontage on Moore St! This property's STRATEGIC LOCATION and CURRENT MU-1 AND R-3 ZONING overlays make it WELL POSITIONED FOR INCREASED DENSITY AND ELIGIBILITY FOR VALUABLE ZONING DEVELOPMENT INCENTIVES allowing for limitless opportunities: MU-1 COMMERCIAL-Retail stores, shops, offices, multi-family, apartments, hotels, restaurants; R-3 HIGH DENSITY-multi-family, group homes, limited residential care facilities, non-residential recreational, educational, cultural and public service buildings. The property encompasses 1.737 Acres, an existing 2800sqft brick home in great condition, carport, and 624sqft detached garage w/attached 2BR apartment! The charming 2800sqft cape cod has been meticulously maintained and boasts gorgeous hardwood floors throughout, 4 spacious bedrooms, 3 full bathrooms, an open concept, tons of storage, an enclosed sunroom and entertaining patio!! The existing residential building presents the potential to offer an owner-user on-site accommodation or be used as medical office space, retail shops, group/nursing home accommodation or common area! Recent updates include newer roof, dual zone HVAC, and water heater! Located 45 minutes to Richmond and 20 minutes to Williamsburg! Boasting a Blue Ribbon school district, rapidly growing population w/a variety of development needs, and an expansive waterfront development project well underway; THIS FIRST-TIME OFFERING PRESENTS AN OPPORTUNITY to CAPITALIZE ON A SUCCESSFUL DEVELOPMENT VENTURE THAT YOU DO NOT WANT TO MISS!!
Property Facts
| Price | $749,900 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 1.74 AC |
| No. Lots | 1 | Year Built | 1952 |
| Property Type | Land | ||
| Zoning | MU-1 and R-3 - COMMERCIAL MU-1 AND HIGH DENSITY R-3 ZONING W/697' OF ROAD FRONTAGE! | ||
| Price | $749,900 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.74 AC |
| Year Built | 1952 |
| Zoning | MU-1 and R-3 - COMMERCIAL MU-1 AND HIGH DENSITY R-3 ZONING W/697' OF ROAD FRONTAGE! |
1 Lot Available
Lot
| Price | $749,900 | Lot Size | 1.63 AC |
| Price Per AC | $459,553.59 |
| Price | $749,900 |
| Price Per AC | $459,553.59 |
| Lot Size | 1.63 AC |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $263,900 | |
| Land Assessment | $63,000 | Total Assessment | $326,900 |
Property Taxes
Parcel Numbers
Land Assessment
$63,000
Improvements Assessment
$263,900
Total Assessment
$326,900
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Dalton Realty
2870 King William Ave
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