303 ALDERMAN RDCHARLOTTESVILLE, VA 22903

  • $1,000,000
  • $526 / SqFt
  • Days on Market 17
  • MLS# 649896
3 Beds
1 Baths
1 ½ Baths
1899 SQFT
0.31 Acres
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School Information

  • Elementary: Venable
  • Middle School: Walker & Buford
  • High School: Charlottesville

Description

Discover a unique opportunity in the heart of Lewis Mountain, an area celebrated for its serene charm and its proximity to the University of Virginia. Recently transitioned from R-1 to R-B zoning, this change simplifies development by setting a fixed density. Developers are allowed a baseline of 6 units, which increases to 8 if the existing home is retained and can expand to 12 units for projects including affordable housing. The city permits the construction of townhomes or condos within designated setbacks and allows for the subdivision into individual lots for sale. This property not only offers flexibility in development but also connects investors to the vibrant university community, enhancing its appeal for both residential and academic-oriented projects.

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Copyright Charlottesville Area Association of Realtors®. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the IDX Program of Charlottesville Area Association of Realtors®. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Any use of search facilities of data on this site other than by a consumer interested in the purchase of real estate, is prohibited. Information last updated on 2024-04-19 09:02:06.

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