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2870 King William Ave 2,831 SF 100% Leased Flex Building West Point, VA 23181 $1,018,942 CAD ($359.92 CAD/SF)



Investment Highlights
- MU-1 COMMERCIAL AND HIGH DENSITY R-3 ZONING! 1.74 ACRES!
- WELL POSITIONED FOR INCREASED DENSITY AND ELIGIBILITY FOR VALUABLE ZONING DEVELOPMENT INCENTIVES!
- R-3 HIGH DENSITY-multi-family, group homes, limited residential care facilities, non-residential recreational, educational, public service bldg
- STRATEGIC LOCATION, High visibility and 697' OF ROAD FRONTAGE offering EXCELLENT ACCESSIBILITY!
- MU-1 COMMERCIAL-Retail stores, shops, offices, multi-family, apartments, hotels, restaurants!
- 2800sqft 5B/3Ba, 2830sqft brick home in great condition NEW HVAC and ROOF! 624sqft det. garage w/attached 2BR apartment!
Executive Summary
IDEAL LOCATION and RARE OPPORTUNITY in the rapidly developing, charming town of West Point! MU-1 COMMERCIAL AND HIGH DENSITY R-3 ZONING! 1.74 ACRES! High visibility and 697' OF ROAD FRONTAGE offering EXCELLENT ACCESSIBILITY AND ENDLESS POSSIBILITIES FOR DEVELOPMENT; 167' of road frontage on the high traffic King William Ave, 110' frontage on Lyndale St, and 420' frontage on Moore St! This property's STRATEGIC LOCATION and CURRENT MU-1 AND R-3 ZONING overlays make it WELL POSITIONED FOR INCREASED DENSITY AND ELIGIBILITY FOR VALUABLE ZONING DEVELOPMENT INCENTIVES allowing for limitless opportunities: MU-1 COMMERCIAL-Retail stores, shops, offices, multi-family, apartments, hotels, restaurants; R-3 HIGH DENSITY-multi-family, group homes, limited residential care facilities, non-residential recreational, educational, cultural and public service buildings. The property encompasses 1.737 Acres, an existing 2800sqft brick home in great condition, carport, and 624sqft detached garage w/attached 2BR apartment! The charming 2800sqft cape cod has been meticulously maintained and boasts gorgeous hardwood floors throughout, 4 spacious bedrooms, 3 full bathrooms, an open concept, tons of storage, an enclosed sunroom and entertaining patio!! The existing residential building presents the potential to offer an owner-user on-site accommodation or be used as medical office space, retail shops, group/nursing home accommodation or common area! Recent updates include newer roof, dual zone HVAC, and water heater! Located 45 minutes to Richmond and 20 minutes to Williamsburg! Boasting a Blue Ribbon school district, rapidly growing population w/a variety of development needs, and an expansive waterfront development project well underway; THIS FIRST-TIME OFFERING PRESENTS AN OPPORTUNITY to CAPITALIZE ON A SUCCESSFUL DEVELOPMENT VENTURE THAT YOU DO NOT WANT TO MISS!!
Property Facts
Amenities
- Courtyard
- Storage Space
- Air Conditioning
- Smoke Detector
Utilities
- Lighting
- Water - City
- Sewer - City
- Heating - Electric
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $358,579 CAD | |
| Land Assessment | $85,603 CAD | Total Assessment | $444,182 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$85,603 CAD
Improvements Assessment
$358,579 CAD
Total Assessment
$444,182 CAD
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Presented by
Dalton Realty
2870 King William Ave
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