Views
Address
701 N Main Street, Culpeper, VA
Price
$ 2,750,000
Property Attributes
- MLS#VACU2006796
- TypeLand
- CountyCULPEPER
- CityCulpeper
- Zip22701
- StyleVacant
- Taxes$ 609
- Price$ 2,750,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.72 Acres
Data Source:
Bright MLS
Property Description
Initial public offering of one of Culpeper's most iconic sites. The former home of Baby Jim's is now the Main Street gateway to a 4-lot, 1.72 acre canvas offering myriad opportunities for discerning developers. All lots maintain either C3 or R3 zoning and afford the opportunity to immediately develop over 40 units; however, preliminary meetings with the town indicate they would accommodate a request for additional density. This represents an incredible opportunity to develop almost an entire city block and your vision run wild. Condos ... Luxury Apartments ... Townhomes ... Mixed Use? The local market is receptive to virtually any product offering. There is also an intriguing affordable housing play, whereby your acquisition/development costs could be offset by sizeable tax credits. Rarely do opportunities to redevelop a premier Main Street location in downtown Culpeper present themselves. Easy access to all commuter routes, a short walk to historic and award-winning Davis & Main shopping and dining corridor, close proximity to rail service, public utilities on site, as well as, fiber, cable and natural gas. Long overdue, don't miss your opportunity to be at the forefront of redeveloping one of Culpeper's next hot sections ... North Main!
| Price History | |
|---|---|
| 12/29/2023 | Listed $2,750,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable TV Available,Natural Gas Available,Phone Available,Sewer Available,Water Available |
| Possession | Settlement |
| Zoning | C3 & R3 |
| Electric | Underground |
| View | City,Mountain,Street |
| Property SubType | Land |
| Tax Year | 2022 |
| Current Use | Vacant |
| Percent Ownership | Fee Simple |
| Additional Parcels Description | This sale is comprised of four lots running from North Main Street down Williams Street to East |
| County | CULPEPER |
| Property Type | Land |
| HOA / Comm Assn | No |
| Possible Use | Apartment Building,Apartments,Commercial,Development,Hotel/Motel,Investment,Mixed Use,Multi-Family,Residential,Retail,Vacant |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | From Davis & Main: North on Main Street through stop light (at 522/Evans/Sperryville Pike) to Property on Right. |
| ModificationTimestamp | 2023-12-29T15:18:27 |
| City | CULPEPER |
| Buyer Agent Compensation | 2.5 |
| Zoning Description | Commercial and Higher Density Residential |
| Lot Size Square Feet | 75108.00 |
| Tax Assessed Value | 110700.0 |
| Waterfront Y/N | No |
| Street Name | MAIN |
| Tax Annual Amount | 609.0 |
| Condo/Coop Association Y/N | No |
| Clean Green Assessed Y/N | No |
| Price Per Sq Ft | 36.61 |
| Additional Parcels Y/N | Yes |
| Historic Y/N | No |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 124 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Street Suffix | STREET |
|---|
Exterior Features
| Lot Features | Additional Lot(s),Cleared,Corner,Open |
|---|---|
| Water Source | Public |
| Water View Y/N | No |
| Lot Size Acres | 1.72 |
| Road Surface Type | Access - On Grade,Paved |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Number of Lots | 4 |
| Road Responsibility | State,City/County |
| Horse Y/N | No |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 22701
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