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MLS: #VACU2012830, Listed By: Jacob McNemar, RE/MAX Gateway, Source:Bright MLS

Virginia Avenue

CULPEPER, VA 22701
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Bed 54

Bed

Bath 0

Bath

Acres2.45

Acres(Lot)

Looking to build a multi-family investment property in Culpeper, VA? Finding land zoned by right for multi-family development is nearly impossible these days and rezoning a property for that use is even more challenging. The approvals for this project have taken years to secure, and now Willow Grove is shovel-ready! This project has full site plan approval from the Town of Culpeper to construct two buildings totaling 30 units, including a rentable management office. Owner has also obtained full building permit approval for the blueprints. The units are permitted under current codes to be converted into condominiums and sold individually. Additionally, the newly assigned RX zoning provides significant flexibility, including allowance for short-term rentals. While short-term rentals were prohibited in many zoning classifications during the Town of Culpeper’s recent zoning overhaul, they were not banned under this designation — a major advantage for Willow Grove. All necessary utilities are already present and accessible on the property, including gravity-fed sewer, power and water. Comcast is readily available to supply internet as well. Located in an area with a near-zero rental vacancy rate, this presents a strong long-term investment opportunity. A strong cap rate for long-term rentals is projected, incorporating short-term rental units could potentially increase that return even further. Approved blueprints and all related documents are available upon request.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,900,000

AD Id : 75920503

MLS Id : VACU2012830

Beds : 54

Lot Size : 2.45 Acres

Year Built : --

County : CULPEPER

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total beds: 54
  • Interior Features

    Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Forced Air Has Cooling: Yes Cooling: Central Air, Electric

  • Lot Information

    Lot Size Acres: 2.45 Lot Size Source: Assessor Lot Size Square Feet: 106617

  • Listing Price Information

    Listing Price: $1900000

  • Tax Information

    Parcel Number: 40 75 Tax Year: 2025 Annual Tax: $2554

  • Parking Information

    Parking Total: 56 Parking Lot

  • Location Information

    Direction: From Culpeper: Rt522N towards Sperryville, take 3rd exit at the roundabout onto Virginia Ave, property and sign on left WaterSource: None
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1012 S Main Street, Culpeper, VA, 22701 $699,900 4 -- 3,200 3,200 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 07/18/2026 @ 08:03

MLS: VACU2012830 LISTED BY: Jacob McNemar, RE/MAX Gateway 540-341-1000 SOURCE: Bright MLS

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