Virginia Ave, Culpeper, VA 22701
Local realty services provided by:ERA Bill May Realty Company
Virginia Ave,Culpeper, VA 22701
$1,950,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: jacob mcnemar
Office: re/max gateway
MLS#:VACU2012830
Source:VA_HRAR
Price summary
- Price:$1,950,000
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. The only remaining entitlement is the utility plat and deed required by the Town. Surveyor and attorney are currently preparing the remaining minor edits for the third submission. All necessary utilities are already present and accessible on the property, including gravity-...
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Home facts
- Listing ID #:VACU2012830
- Added:71 day(s) ago
- Updated:May 16, 2026 at 02:38 PM
Heating and cooling
- Cooling:Central AC
- Heating:Electric, Forced Air
Structure and exterior
- Lot area:2.45 Acres
- Architectural Style:Colonial
- Foundation Description:Concrete Slab
Schools
- Middle school:Other
- Elementary school:NONE
Finances and disclosures
- Price:$1,950,000
- Tax amount:$2,554 (2025)
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