Virginia Ave, Culpeper, VA 22701
Local realty services provided by:ERA Central Realty Group
Virginia Ave,Culpeper, VA 22701
$1,900,000
- 54 Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: jacob a mcnemar
Office: re/max gateway
MLS#:VACU2012830
Source:BRIGHTMLS
Price summary
- Price:$1,900,000
About this home
Looking to build a multi-family investment property in Culpeper, VA? Finding land zoned by right for multi-family development is nearly impossible these days and rezoning a property for that use is even more challenging. The approvals for this project have taken years to secure, and now Willow Grove is shovel-ready! This project has full site plan approval from the Town of Culpeper to construct two buildings totaling 30 units, including a rentable management office. Owner has also obtained full building permit approval for the blueprints. The units are permitted under current codes to be converted into condominiums and sold individually. Additionally, the newly assigned RX zoning provides significant flexibility, including allowance for short-term rentals. While short-term rentals were prohibited in many zoning classifications during the Town of Culpeper’s recent zoning overhaul, they were not banned under this designation — a major advantage for Willow Grove. All necessary utilities are already present and accessible on the property, including gravity-fed sewer, power and water. Comcast is readily available to supply internet as well. Located in an area with a near-zero rental vacancy rate, this presents a strong long-term investment opportunity. A strong cap rate for long-term rentals is projected, incorporating short-term rental units could potentially increase that return even further. Approved blueprints and all related documents are available upon request....
Contact an agent
Home facts
- Listing ID #:VACU2012830
- Added:210 day(s) ago
- Updated:October 02, 2026 at 01:52 PM
Rooms and interior
- Bedrooms:54
Heating and cooling
- Cooling:Central A/C
- Heating:90% Forced Air, Electric
Structure and exterior
- Lot area:2.45 Acres
- Architectural Style:Colonial
- Foundation Description:Permanent, Slab
Utilities
- Sewer:No Sewer System
Finances and disclosures
- Price:$1,900,000
- Tax amount:$2,554 (2025)
Parking
- Parking description:Parking Lot
New listings near Virginia Ave
- Coming Soon
$499,900Coming Soon4 beds 3 baths3,016 sq. ft.798 Autumn Ridge Rd, CULPEPER, VA 22701
MLS# VACU2015126Listed by: PIEDMONT FINE PROPERTIES - Coming Soon
$444,900Coming Soon2 beds 2 baths1,578 sq. ft.1121 Kearns Ct, CULPEPER, VA 22701
MLS# VACU2015118Listed by: SAMSON PROPERTIES - Coming Soon
$1,500,000Coming Soon5 beds 5 baths5,265 sq. ft.17293 Pond Meadow Trl, CULPEPER, VA 22701
MLS# VACU2015112Listed by: RE/MAX GATEWAY - Coming Soon
$310,000Coming Soon3 beds 1 baths960 sq. ft.1600 Fords Shop, CULPEPER, VA 22701
MLS# VAMA2002906Listed by: BERKSHIRE HATHAWAY HOMESERVICES PENFED REALTY - New
$449,000Active4 beds 3 baths2,043 sq. ft.12394 Randle Ln, CULPEPER, VA 22701
MLS# VACU2015140Listed by: RE/MAX GATEWAY - New
$495,000Active3 beds 3 baths2,064 sq. ft.9320 Bay Ct, CULPEPER, VA 22701
MLS# VACU2015146Listed by: PIEDMONT FINE PROPERTIES - New
$554,000Active3 beds 2 baths1,628 sq. ft.1808 Stoneybrook Ln, CULPEPER, VA 22701
MLS# VACU2015154Listed by: CENTURY 21 NEW MILLENNIUM - New
$485,000Active3 beds 2 baths1,600 sq. ft.9261 Old Turnpike Rd, CULPEPER, VA 22701
MLS# VACU2015138Listed by: SAMSON PROPERTIES - New
$525,000Active5 beds 5 baths3,562 sq. ft.13464 Essex St, CULPEPER, VA 22701
MLS# VACU2015124Listed by: LONG & FOSTER REAL ESTATE, INC. - New
$749,990Active3 beds 4 baths3,215 sq. ft.15056 Passion Ln, CULPEPER, VA 22701
MLS# VACU2015104Listed by: KELLER WILLIAMS REALTY