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. Think of the profit potential. Do not disturb tenant!
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Listing Snapshot
Price
$1,795,000
Days Online
49 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.61 Acres
Year Built
N/A
MLS Number
VAFX2105906
Status
Active
Property Tax
$7,263
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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