FOR SALE - Asking Price: $918,000 – Perfectly Located and Aggressively Priced Development Opportunity – We are pleased to offer for sale a 1.224 acre parcel of land with utilities on-site located in South Riding, VA. Priced to sell at $750,000/acre, the property is conveniently located between a multi-location Montessori school and national daycare, which combined serve nearly 200 families. The property also benefits from its location across the street from the East Gate Metro Park & Ride Lot and is less than a half mile from Route 50 and East Gate Marketplace. The property is zoned CLI (Commercial Light Industrial) which permits a wide variety of uses from office and industrial to commercial retail and services uses. With limited zoning for medical use in the surrounding area and Inova Medical Center being located less than 3 miles down the road, the property’s CLI zoning also presents a rare opportunity for supportive health and medical services development. The parcel’s location between the two education-based businesses lends itself to a variety of supportive uses such as martial arts studios, pediatricians, dentists, nail salons, coffee shops, dry cleaners, or other uses that would benefit from proximity to a daily family destination. The FAR for the parcel allows for over 21,000 SF of development, but if coupled with the adjacent parcel’s additional 2.176 acres the new owner can develop as large a building as parking requirements will allow. South Riding is one of Loudoun County’s wealthiest and fastest growing areas with over 8,300 households (27,000+ residents) and a median household income of over $140,000/year. With population growth projections at nearly 18% over the next 5 years there is a strong likelihood for real estate appreciation. The seller is also willing to consider a build-to-suit lease.
To learn more about this opportunity, review the due diligence information, and/or schedule a property tour, please contact Ryan Rauner, Associate Broker, RealtyMarkets, a Century 21 New Millennium Team at 703-943-7079 or firstname.lastname@example.org.
This property is listed by Ryan Rauner, Realtor, Century 21 New Millennium, Ashburn, Virginia. Ryan Rauner holds an Associate Broker license in Virginia.
43665 Tall Cedars Pkwy, Chantilly, VA 20152