512 RIDGE ST, Charlottesville, Virginia, 22902
$1,125,000
Multi-family
1,511 Sqft
Pending Sale
Fantastic Development/Investment Potential currently has existing over/under duplex on Ridge Street and the extra land attached is ideal for future possible construction of new apartments or townhomes. Shown by appointment only, no visits to property without agent knowledge or permission. Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. With the new zoning in place in 2024, the development plan should potentially allow for 13 luxury townhomes or about 30 apartments. Architect plans for the homes and the site plan are available upon request.
Number of Units : 2
Unit 1: Type : 2 Bed Apt
Unit 1 Area : 813 S.F
Unit 1: Units : 1
Unit 1: Baths : 1
Unit 1: Beds : 2
Unit 2: Type : 2 Bed Apt
Unit 2 Area : 698 S.F
Unit 2: Units : 1
Unit 2: Baths : 1
Unit 2: Beds : 2
Water : Public Water
Sewer/Septic : Public Sewer
Cable/Internet Available : Cable,DSL
Access : Public Road
Roof : Composition Shingle
Heating : Forced Air,Heat Pump,Natural Gas
Air Conditioning : Heat Pump
Foundation : Concrete Block
Basement : Heated,Partly Finished,Walk Out,Windows
Zoning : R-2 Two Family Residential
Street Address: 512 RIDGE ST
City: Charlottesville
State: Virginia
Postal Code: 22902
County: Charlottesville
MLS Number: 582158
Year Built: 1957
Courtesy of REAL ESTATE III, INC.
Courtesy of CHARLOTTESVILLE SOLUTIONS
