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Investment Highlights

  • Commercial zoning supports multiple business uses.
  • Fiber optic connectivity and three-phase power are in place.
  • Convenient access to Interstate 64 and Interstate 81 corridors.
  • Water, sewer, and underground utilities are available to the site.
  • Existing curb, gutter, and stormwater infrastructure reduce development requirements.
  • Located within the planned DeWitt Crossing commercial development.

Executive Summary

261 Sheppard Ct presents an opportunity to acquire a development-ready commercial land parcel within DeWitt Crossing in Waynesboro, Virginia. The approximately 1.72-acre level lot is offered at its assessed value and is one of nine available commercial parcels within the development. Ownership is motivated to attract additional business activity to DeWitt Crossing and is encouraging offers from prospective buyers seeking a well-positioned commercial development site.
A significant advantage of the property is the extent of existing site infrastructure. No additional development work is required to access key utility and site improvements already serving the parcel, including a 6-inch water line, sewer service, underground three-phase power, and fiber optic connectivity extending to the lot. Street trees, curb and gutter improvements, and a stormwater management system are also in place, helping reduce development timelines and upfront site preparation costs.
The property is zoned H-B (Highway Business), allowing a variety of commercial uses including retail, office, medical, and restaurant development. Located within the Shenandoah Valley region, the site offers convenient access to Interstate 64 and Interstate 81, connecting businesses to surrounding markets throughout Central and Western Virginia. Nearby commercial activity, residential growth, healthcare facilities, and regional employers contribute to the area's ongoing demand for commercial services and business investment.
For investors and owner-users alike, the combination of completed infrastructure, commercial zoning flexibility, regional accessibility, and a seller willing to consider offers creates an opportunity to develop within an established commercial environment while avoiding many of the challenges associated with raw land development.

Property Facts

Price $1,185,888 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Medical
  • Restaurant
Total Lot Size 1.72 AC
Zoning H-B - HIghway Business

1 Lot Available

Lot 6

Price $1,185,888 CAD
Price Per AC $689,469.99 CAD
Lot Size 1.72 AC

Priced at Assessed Value. Level lot. No additional development needed. 6" water line, sewer line, underground 3 phase power, fiber optic cable to lot. Street trees, curb/gutter/stormwater management system in place. 1 of 9 lots available.

Description

Development on heavily traveled connector road between Waynesboro's largest highways and Interstate. Level lot. No additional development needed. 6" water line, sewer line, underground 3 phase power, fiber optic cable to lot. Street trees, curb/gutter/stormwater management system in place. 1 of 9 lots available. Ready for building.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
30-2-6
Land Assessment
$818,952 CAD
Improvements Assessment
$0 CAD
Total Assessment
$818,952 CAD
  • Listing ID: 19077063

  • Date on Market: 2018-12-13

  • Last Updated:

  • Address: 261 Sheppard Ct, Waynesboro, VA 22980

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