Approx 8 Acres for Sale on Lee Hwy Near Wegmans15030 Lee Hwy Gainesville, VA 20155
Investment opportunity: 8 Acre lot on Lee Highway US 29 with a house and small warehouse. Highly visible with 212 feet of frontage on north side of US-29. Located near The Shops at Stonewall (Wegmans, Bed Bath & Beyond, & Dicks Sporting Goods).
House: The existing home at 10530 Lee Hwy is a 44 year-old brick and frame 3 bedroom 2.5 bath split level with 2 car garage in average condition. Workshop located behind the house.
Zoning: The existing zoning of the subject’s is A-1 Agricultural. The subject is surrounded on the northwest and east by R4 zoning, it seems reasonable to assume that the County would look favorably on rezoning the subject to R4. R4 allows low-to-moderate density residential uses at approximately four dwelling units per acre. The minimum lot size is 10,000 SF with a minimum lot width of 70’ (100’ for corner lots) with open space of 60% of the lot. Front, rear and side setbacks are 30’, 25’ and 10’, respectively.
Highest and Best Use: The subject is located on a highway corridor ripe for development of vacant parcels into higher density residential and commercial uses. The almost insatiable demand for raw land available for new home construction, the rising demographics of the surrounding neighborhood, as well as the limitations imposed by the zoning requirements, in my opinion, the highest and best use of the subject is for holding as an investment, until the site can be assembled with the adjacent vacant properties. The subject is right in the path of development coming from the east and west along Lee Hwy.
Location: This parcel contains 8 acres along the north side of Lee Highway north of the Lake Manassas Planned Community and just west of the Hopewell’s Landing subdivision. The property is located in the western portion of Prince William County approximately one half mile west of Gainesville, three miles south of Haymarket, and two+- miles west of I-66. Washington, DC is approximately 30 miles to the east of the subject property. The area contains a broad mix of residential and commercial/retail, religious, recreational and municipal uses, varying from low to medium density neighborhoods, with ages of construction typically between new and 30 years in the area. New construction is in evidence in all use categories as population continues its growth throughout the County.
Sales Price: $1,210,000
Map Link15030 Lee Hwy
Gainesville, VA 20155