Prime Development Opportunity - 6.5 Acres - $375,000 Attention Builders and Investors! This rare opportunity offers a 6.5-acre parcel ideal for commercial development with residential lofts above. The Future Land Use Plan designates this area for Office Space (Mixed Use), making it highly likely that a Residential Loft concept would align with zoning requirements.
A suggested site design has been created to illustrate the development potential of this property, incorporating shared entrances, exits, yard lighting, and multiple septic systems (see pictures for example). Preliminary soil testing suggests the land has adequate space for a conventional septic system and necessary stormwater retention areas.
Additionally, the property is not within a floodplain or designated wetlands, ensuring ease of development. While this listing includes only the 6.5-acre parcel, the suggested site design also shows how acquiring the neighboring property could further enhance development opportunities.
This project is envisioned as a condominium-style development, where individual buildings or groups of buildings could be sold as fee-simple units under a shared Property Owners Association (POA). Common areas, such as driveways, parking lots, septic systems, and drainage infrastructure, would be collectively managed.
Additional infrastructure studies are recommended, including a full survey and hydrology report, estimated at approximately $16,000 (not included in the sale price). A centralized stormwater management system will need to be designed to ensure proper drainage.
The property also features prime road frontage, providing excellent visibility and exposure for potential businesses. Final site plans will require approval from Locust Grove Planning & Zoning. Once a buyer is identified, further studies and designs can be tailored to match specific development goals. This is a unique investment opportunity in a rapidly growing area. Contact us today for more details or to schedule a site visit.
