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Lot 1 Preston Ave, Charlottesville VA 22903
- $1,495,000
- MLS #:675999
- 0.73acres
Property Type: land
Subcategory: MultiFamily
HOA: No
Area: Charlottesville
Opportunity to purchase 9 home sites located in the heart of Charlottesville within minutes to UVA, Barracks Road, Shops at Stonefield and Downtown! The portfolio consists of 9 continguous or near-continguous parcels zoned R-A (Low Density Residential). While "Low-Density" traditionally implied single family homes, the new "Charlottesville Zoning Ordinance could possibly permit up to 3 units per lot by-right, and up to 6 units with affordability bonuses. The opportunity to develop a residential cluster of homes that meet the growing demand of walkable housing in the City of Charlottesville is waiting for a developer with a desire to build and make a significant impact in the local real estate market. Additional information available on approved plans.
Water: Public
Kickout: No
Annual Taxes: $14,651
Tax Year: 2026
Legal: Parcel IDs (Lot#) 030068000 (1) 030068001 (2) 030068002 (3) 030068003 (4) 030068004 (5) 030068005 (6) 030068006 (7) 030068007 (8) 030072000 (3)
Directions: Rugby Road turns into Preston Ave to the corner of Preston and Cabell. Lots are located on Preston Ave and Barbour Drive.