231 Acres in Stephenson, VA - $7,300,000
Jordan Springs, nestled in between two very successful new housing developments right off RT7. Redbud by Richmond American and Snowden by Brookfield an Ryan homes. One sold out and other other in process. 1.2 miles from Target and large shopping center.
There are several buildings on the land. Commercial, residential and retail shops. One building is 48000 sf commercial and is used for weddings currently and many events.. All properties are fully leased out.
Owners very savvy and willing to work creative deal with builders and developers if need.
The main building is in historic overlay but NOT under historic jurisdiction as is not officially designated.
Was under contract in 2005 for 20 million for 600 +- units to be developed.
There is a commercial play and a residential play here. Time is perfect now to obtain at historically low pricing. Bas market is turning again in this directio...
There is a commercial play and a residential play here. Time is perfect now to obtain at historically low pricing. Bas market is turning again in this direction. There is a cash offer on table but looking for closer to price asking. sellers willing to lease back while under approval process for $200,000 a year for the second floor for their offices.
Best development opportunity within Washington DC MSA
10 acres=Commercial-Appraised for $11,700.000 (2006)
*Historical Building Overlay *proposing Active Adult Community with High End Clubhouse, Indoor swimming pool, Endless possibilities.
21+- acres remain available for additional residential or commercial development
1160 Jordan Springs Road, Stephenson Virginia
200+acres: Preliminary engineering, residential;
601 Units;
315 SF, 175 TH, 120 multi family
Rezoning for Master Planned UDA
Water/Sewer on site (Sewer easement for all)
Commercial Component available
48,000 sq ft. of fully renovated commercial building(s)
Rough Maps and Plats available by email
Discreet appointment only please.
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