Prime development opportunity in the heart of downtown Woodstock! This 27,273 sq. ft. B-1 zoned parcel is located just half a block off Main Street, offering excellent walkability to shops, restaurants, and community amenities. The zoning allows by-right construction for up to an 18-unit apartment building — no special use permits or public hearings required. Project Highlights: B-1 zoning permits multifamily use by right Proposed 15-unit, 3-story building designed with two-bedroom, two-bath units (~900 sq. ft. each) Engineering by Racey’s Engineering is 99% complete and has undergone initial review by both the town and county All required parking accommodated on site Utilities located nearby Level, cleared lot ready for site work Located just off Main Street and near I-81 for commuter access The seller has already completed substantial upfront work to move this project forward. The nearly finalized site plan and engineering package significantly reduce development risk, time, and carrying costs for the next owner. With the entitlement pathway already secured and design work well advanced, a buyer can step in and move quickly toward final approvals and construction. Market Overview: Woodstock serves as the county seat of Shenandoah County and continues to experience steady residential growth and strong demand for new rental housing. The town’s downtown corridor is seeing revitalization, making this location ideal for a modern multifamily development catering to local professionals, commuters, and retirees seeking maintenance-free living in a walkable small-town setting. Investment Appeal: Turnkey multifamily opportunity — nearly shovel-ready Reduced entitlement risk — by-right zoning Efficient build — compact site with all utilities available Attractive rents — comparable 2BR units in town leasing around $1,700–$1,900/month Low vacancy rates and high tenant demand throughout Shenandoah County Additional Opportunity (Nearby 8-Unit Site): The seller also owns a parcel on Foundry Street suitable for an 8-unit apartment building. Acquiring both the Locust Street lot and the Foundry Street lot enables a combined 23-unit multifamily program within downtown Woodstock. Properties may be purchased separately or together for scale and operational efficiency. This is an excellent opportunity for a developer or investor seeking an infill project in one of the Shenandoah Valley’s most desirable and stable submarkets. Disclaimer: Main and interior images are conceptual renderings provided for visualization purposes only. The property is being sold with engineering and design plans; construction and finish selections will be determined by the purchaser.