592 Valley Pike - Residential LAND FOR SALE


Lexington, VA 24450 | 544,500 SF
$600,000 USD
434-944-3920
592 Valley Pike, Lexington, VA for Sale
$600,000 USD
Residential LAND - FOR SALE
1/5
544,500 SF

592 Valley Pike
Lexington, VA 24450


HIGHLIGHTS

  • Conditionally Rezoned (R-MF) for 70 Apartments.
  • Potential to Add Additional Units.
  • 3 Phase Power.
  • Public Water/Septic.
  • Natural Gas Line Access .

OVERVIEW

12.5± acres in Rockbridge County, adjacent to Lexington in Virginia’s Shenandoah Valley. The site offers access via Northwind Lane beside Devils Backbone and is zoned R-1 with conditional R-MF approval for 70 apartments, with potential for additional units. Located only minutes from Virginia Military Institute and Washington & Lee University, and close to area retailers, the property is positioned for multi-family development in a growing market.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/ACRE

$48,000/AC

PRICE/SF

$1 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Multifamily Development Land

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units, Master Planned Community

LAND ACRES

12.5 AC

LAND SF

544,500 SF

OFFSITE IMPROVEMENTS

-

ZONING

R-1

APN/PARCEL ID

62-14-A2

ASK ABOUT THIS PROPERTY

Luke DykemanColdwell Banker Commercial Read & CoMore Info
434-944-3920

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Luke DykemanColdwell Banker Commercial Read & CoMore Info
434-944-3920

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.