$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 Type | For Sale |
| Sub-Type | Resale |
| Status | 10000069142 |
| Days On Site | 99 |
Features
| Zoning | R8 |
|---|---|
| Acreage | 1.61 |
Request a showing
Request a showing
Loading Form
Contact
Learn More About This Property
Loading Form
| Area Information | |
|---|---|
| State | VA |
| County | FAIRFAX-VA |
| City | ALEXANDRIA |
| Zip Code | 22303 |
| Listing VS Median (in 22303) | |
Price: $1,499,900 low | high Med: $224,500 On Site: 99 low | high Med: 13 Sourced by Back At You | |
Listing Updated: April 17, 2021 2:00:39 AM PDT
MLS Number: VAFX1175270Listing Provided By:
Jue Wang of Premiere Realty