$850,000 $4,563 est/mo Sourced by Back At You

0 Germanna Hwy,Locust Grove, VA 22508

Locust Grove VA, 22508

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Description

Some owner financing may be possible! The subject property is strategically located on Rt 3, Orange, VA, near the Wilderness Battlefield, and just west of the intersection with Rt 20.ACRES: 10.54FRONTAGE: 1,700 feetZONING: agricultural - commercial; defined as highest and best use.This 10.54 ac was in the path of progress. NOW it is progress. Surrounded on 3 sides by the proposed Master Planned Community Wilderness Crossing.10.54 acres, with 1,700 feet frontage on Rt 3; a major 4 lane divided highway. The subject property is strategically located in Orange County, VA, close to Walmart site, near the historic Wilderness Battlefield. This is a burgeoning area with the subject property in the path of progress. Many major development projects are planed for the area.Previously ASSESSED VALUE: $1,550,000 (2010)LIST PRICE: $850,000May be tax credits available to developer. Good potential for shopping center, hotel, self storage, etc.Locust Grove is an unincorporated community in eastern Orange County, Virginia. It is a bedroom community for Fredericksburg, VA and points north toward Washington, D.C. While Locust Grove has historically been centered around the intersection of State Routes 20 and 611, most of the current population (and commercial activity) is located along the State Route 3 corridor. Of particularly note is Lake of the Woods; a gated subdivision founded in 1967 as a resort community built around a man-made lake. The main campus of Germanna Community College is in Locust Grove. During the American Civil War, the Battle of the Wilderness; the first time Lee and Grant met on the battlefield was fought here from May 5 to May 7, 1864.

Details

MLS#VAOR2003460
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site621
Listing Provided ByMontague, Miller & Company | Melissa S Garrison

Features

ZoningA
Acreage10.55

Market Activity 22508

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Listings Checked: 2 minutes ago
StateVA
CountyOrange
CityLocust Grove
Zip Code22508
School DistrictOrange County Public Schools
Listing VS Median (in 22508)
Price:
$850,000
low | high
Med:
$475,000
94.117647058824% of Average
On Site:
621
low | high
Med:
31.500000
100% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 8:08:42 AM PDT