Lot 1 Preston Ave, Charlottesville, VA 22903

Property Description

Opportunity to purchase 9 home sites located in the heart of Charlottesville within minutes to UVA, Barracks Road, Shops at Stonefield and Downtown! The portfolio consists of 9 continguous or near-continguous parcels zoned R-A (Low Density Residential). While "Low-Density" traditionally implied single family homes, the new "Charlottesville Zoning Ordinance could possibly permit up to 3 units per lot by-right, and up to 6 units with affordability bonuses. The opportunity to develop a residential cluster of homes that meet the growing demand of walkable housing in the City of Charlottesville is waiting for a developer with a desire to build and make a significant impact in the local real estate market. Additional information available on approved plans.