$1,499,900

5825 Biscayne Dr

ALEXANDRIA VA, 22303

Description

The new townhouses at "THE TOWNS AT SOUTH ALEX" are being sold at $800K+ and 2860 Lowen Valley Road was sold for $936K. We have 1.6 acres of land zoned R8 - build 12 units by right. Or better use for assisted living, senior housing, kindergarten, etc. Walk to Huntington Metro. Booming Area. To develop this piece of land, you may need to purchase two additional parcels for $1 millions. So your total land cost will be $2.5 millions, though you can build 14 new townhouses. By the time you are selling these new townhouse, your price would be for more than a million each. Think of the profit potential. Do not disturb tenant!

Details

MLS#VAFX1175270
Listing TypeFor Sale
Sub-TypeResale
Status10000069142
Days On Site99

Features

ZoningR8
Acreage1.61
Loading Form
Loading Form
Area Information
StateVA
CountyFAIRFAX-VA
CityALEXANDRIA
Zip Code22303
Listing VS Median (in 22303)
Price:
$1,499,900
low | high
Med:
$224,500
100% of Average
On Site:
99
low | high
Med:
13
100% of Average
Sourced by Back At You
Listing Updated: April 17, 2021 2:00:39 AM PDT
Jue Wang LogoMLS Number: VAFX1175270
Listing Provided By:
Jue Wang  of  Premiere Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

© 2020 Bright MLS, All Rights Reserved