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21st St, GROTTOES, Virginia – $1,500,000

  • $1.5M Price
  • 5.42 Acres
  • 48 DOM
  • $1.5M Price
  • 5.42 Acres
  • 48 DOM

21st St

This is a rare opportunity for you to buy and immediately start developing a subdivision. Forest Station is a 33 unit townhouse subdivision approved by the town of Grottoes. This development boasts a potential 24.78% ROI with a built in 10% buffer. The lumber for the first phase has been purchased and can be negotiated into the purchase price. Uploaded images are a spec home built off of the same floor plans. The home was built 3 feed wider than the plans called for. Don't miss your opportunity to develop Forest Station. Contact agent for more information including financial projections break down.

Essential Information

  • MLS® #630669
  • Price$1,500,000
  • Acres5.42
  • TypeLand
  • Sub-TypeDevelopment
  • StatusActive

Community Information

  • Address21st St
  • AreaRockingham
  • SubdivisionNONE
  • StateVirginia
  • Zip Code24441

School Information

  • ElementarySouth River
  • MiddleElkton
  • HighEast Rockingham

Additional Information

  • Date ListedMay 19th, 2022
  • Days on Market48
  • ZoningR-7 PUD

Listing Details

  • OfficeFunkhouser Real Estate Group
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