701 N Main Street Culpeper, VA $ 2,750,000
701 N Main Street
$ 2,750,000
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701 N Main Street

Culpeper, VA, 22701
$ 2,750,000
Baths0.0

Monthly Estimate*

$ 19,210

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Studio

Lots and Land for sale in Culpeper, VA

for $2,750,000. The lot size is 1.72.

Initial public offering of one of Culpeper's most iconic sites. The former home of Baby Jim's is now the Main Street gateway to a 4-lot, 1.72 acre canvas offering myriad opportunities for discerning developers. All lots maintain either C3 or R3 zoning and afford the opportunity to immediately develop over 40 units; however, preliminary meetings with the town indicate they would accommodate a request for additional density. This represents an incredible opportunity to develop almost an entire city block and your vision run wild. Condos ... Luxury Apartments ... Townhomes ... Mixed Use? The local market is receptive to virtually any product offering. There is also an intriguing affordable housing play, whereby your acquisition/development costs could be offset by sizeable tax credits. Rarely do opportunities to redevelop a premier Main Street location in downtown Culpeper present themselves. Easy access to all commuter routes, a short walk to historic and award-winning Davis & Main shopping and dining corridor, close proximity to rail service, public utilities on site, as well as, fiber, cable and natural gas. Long overdue, don't miss your opportunity to be at the forefront of redeveloping one of Culpeper's next hot sections ... North Main!

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Lots and Land Active

Price

$ 2,750,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 609

Style

Vacant

Lot Size

1.72

Town/City

Culpeper

County/Region

Culpeper

MLS | Web ID

VACU2006796

Features
General
Sewer Public Sewer
Utilities Cable TV Available Natural Gas Available Phone Available Sewer Available Water Available
Possession Settlement
Zoning C3 & R3
Electric Underground
View City Mountain Street
Property SubType Land
Tax Year 2022
Current Use Vacant
Percent Ownership Fee Simple
Additional Parcels Description This sale is comprised of four lots running from North Main Street down Williams Street to East
County CULPEPER
Property Type Land
HOA / Comm Assn N
Possible Use Apartment Building Apartments Commercial Development Hotel/Motel Investment Mixed Use Multi-Family Residential Retail Vacant
Water Access Y/N N
Status ACTIVE
Directions From Davis & Main: North on Main Street through stop light (at 522/Evans/Sperryville Pike) to Property on Right.
City CULPEPER
Buyer Agent Compensation 2.5
Zoning Description Commercial and Higher Density Residential
Lot Size Square Feet 75108.00
Waterfront Y/N N
Street Name MAIN
Tax Annual Amount 609.0
Condo/Coop Association Y/N N
Clean Green Assessed Y/N N
Price Per Sq Ft 36.61
Additional Parcels Y/N Y
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 110
Standard Status Active
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Lot Features Additional Lot(s) Cleared Corner Open
Water Source Public
Water View Y/N N
Lot Size Acres 1.72
Road Surface Type Access - On Grade Paved
Lot Size Units Square Feet
Lot Size Source Estimated
Number of Lots 4
Road Responsibility State City/County
Horse Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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Interior
Street Suffix STREET
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Internal Only
Street Number 1 701
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* Excluded Features
List By
Long & Foster Real Estate, Inc.

Broker

philip@thorntonrealtors.com

Email

Affordability Calculator

$19,260
Per Month
100%
0%
0%
Monthly Principal & Interest
$19,210
Monthly Property Taxes
$51
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3535842 Elementary School
3535744 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/29/2023$2,750,000 Listed Price

Map


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701 N Main Street, Culpeper, VA, 22701 is a Lots and Land for sale at $2,750,000 with a lot size of 1.72. 701 N Main Street is a studio with 0.0 baths. The property's zip code is 22701 which is in Culpeper, VA