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5695 Mount Landing Rd
Tappahannock, VA 22560
Paynefield Farm · Land For Sale · 720.00 AC

Investment Highlights

  • The property is located in an Opportunity Zone
  • Historic, pre-civil war plantation.
  • 721± deeded acres, with long frontage on two state-maintained roads.
  • Estate is income producing on day one, but boasts tremendous long term investment potential.

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
Total Lot Size 720.00 AC
Zoning Mixed Zoning - Essex County ordinance allows residential development by-right. The property is also located in an Opportunity Zone.

Description

Welcome to Paynefield Farm, nestled just outside of Tappahannock, Virginia. 721± deeded acres, with long frontage on two state-maintained roads, bound to the south by Hoskins Creek. The historic, pre-civil war plantation currently serves as a wedding and events venue, as well as an operating farm and hunting outfit. The estate is income producing on day one, but boasts tremendous long term investment potential – such as building short term rental cottages, buy-right residential development, or conservation easement. The property is a delicate blend of productive cropland and hardwood forest. Diverse land cover provides for a teeming wildlife population, including deer, turkeys, waterfowl, & fish. A 6,126± square foot home built in 2011 offers the perfect balance between a large, custom home and stellar wedding venue, while maintaining the historic charm and architecture expected in this region. The 6 bedroom, 4.5 bath house provides ample space for many guests in various functions – from a single family using the property as a second residence, to large groups staying for a wedding. Two large front porches and a heated saltwater pool provide ample opportunities for relaxation and entertainment. Essex County ordinance allows residential development by-right. The property is also located in an Opportunity Zone. Or, a conservation easement could be placed to preserve the land. The property genuinely provides countless opportunities.

  • Listing ID: 28462658

  • Date on Market: 5/11/2023

  • Last Updated:

  • Address: 5695 Mount Landing Rd, Tappahannock, VA 22560

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