$1,500,000
15026 LEE HWY Gainesville, VA 20155
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$1,500,000
Est. payment /mo
8.02 Acres Lot
UPDATED:
11/21/2024 01:09 PM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Pending
Purchase Type For Sale
Subdivision None Available
MLS Listing ID VAPW2075870
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $2,653
Tax Year 2024
Lot Size 8.016 Acres
Acres 8.02
Lot Dimensions 1312ft
Property Description
Investment opportunity: 8-acre lot on Lee Highway US 29. Highly visible with 300 feet of frontage on the north side of US-29. Located near The Shops at Stonewall (Wegmans, Bed Bath & Beyond, & Dicks Sporting Goods).
Zoning: The existing zoning of the subject is A-1 Agricultural. The subject is surrounded on the northwest and east by R4 zoning, it seems reasonable to assume that the County would look favorably on rezoning the subject to R4. R4 allows low-to-moderate density residential uses at approximately four dwelling units per acre.
Comprehensive Plan: Residential Neighborhood T-2 are and opportunity to develop single family detached homes in a residential community. RN-2 areas primarily accommodate single-family homes arranged in a cluster or medium sized lots. Connections and pedestrian amenities should be a priority for all development design including trails and open space integrated in the development in appropriate locations.
Best Use: The subject is located on a highway corridor ripe for development of vacant parcels into higher-density residential and commercial uses. With the almost insatiable demand for raw land available for new home construction, the rising demographics of the surrounding neighborhood, as well as the limitations imposed by the zoning requirements, in my opinion, the highest and best use of the subject is for holding as an investment, until the site can be assembled with the adjacent vacant properties. The subject is right in the path of development coming from the east and west along Lee Hwy.
Location: This parcel contains 8 acres along the north side of Lee Highway north of the Lake Manassas Planned Community and just west of the Hopewell’s Landing subdivision. The property is located in the western portion of Prince William County approximately one-half mile west of Gainesville, three miles south of Haymarket, and two+- miles west of I-66. Washington, DC is approximately 30 miles to the east of the subject property. The area contains a broad mix of residential and commercial/retail, religious, recreational, and municipal uses, varying from low to medium-density neighborhoods, with ages of construction typically between new and 30 years in the area. New construction is in evidence in all use categories as the population continues its growth throughout the County. GPIN: 7297-72-6513.
Zoning: The existing zoning of the subject is A-1 Agricultural. The subject is surrounded on the northwest and east by R4 zoning, it seems reasonable to assume that the County would look favorably on rezoning the subject to R4. R4 allows low-to-moderate density residential uses at approximately four dwelling units per acre.
Comprehensive Plan: Residential Neighborhood T-2 are and opportunity to develop single family detached homes in a residential community. RN-2 areas primarily accommodate single-family homes arranged in a cluster or medium sized lots. Connections and pedestrian amenities should be a priority for all development design including trails and open space integrated in the development in appropriate locations.
Best Use: The subject is located on a highway corridor ripe for development of vacant parcels into higher-density residential and commercial uses. With the almost insatiable demand for raw land available for new home construction, the rising demographics of the surrounding neighborhood, as well as the limitations imposed by the zoning requirements, in my opinion, the highest and best use of the subject is for holding as an investment, until the site can be assembled with the adjacent vacant properties. The subject is right in the path of development coming from the east and west along Lee Hwy.
Location: This parcel contains 8 acres along the north side of Lee Highway north of the Lake Manassas Planned Community and just west of the Hopewell’s Landing subdivision. The property is located in the western portion of Prince William County approximately one-half mile west of Gainesville, three miles south of Haymarket, and two+- miles west of I-66. Washington, DC is approximately 30 miles to the east of the subject property. The area contains a broad mix of residential and commercial/retail, religious, recreational, and municipal uses, varying from low to medium-density neighborhoods, with ages of construction typically between new and 30 years in the area. New construction is in evidence in all use categories as the population continues its growth throughout the County. GPIN: 7297-72-6513.
Location
State VA
County Prince William
Zoning A1
Exterior
Waterfront N
Water Access N
Garage N
Building
Sewer Other
Water Other
Schools
School District Prince William County Public Schools
Others
Tax ID 7297-72-6513
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Other
Listing Terms Other
Financing Other
Special Listing Condition Standard
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Listed by Edward B Wright III • Wright Realty, Inc.