A 200-plus acre parcel of land north of
Charlottesville is on the market for $50 million. Nearby, a 150-acre plot is
priced at $42 million…. According to Albemarle County assessor Bruce
Woodzell, neither parcel is currently zoned for dense development. The 200-plus
acre parcel is zoned R-1, the most restrictive of the residential zonings, and
the 150-acre parcel is zoned RA, or rural
area.
Charlottesville is on the market for $50 million. Nearby, a 150-acre plot is
priced at $42 million…. According to Albemarle County assessor Bruce
Woodzell, neither parcel is currently zoned for dense development. The 200-plus
acre parcel is zoned R-1, the most restrictive of the residential zonings, and
the 150-acre parcel is zoned RA, or rural
area.
…Most likely, any potential
development would require County approval of an upzoning request.
From today’s DP –
A 200-plus acre parcel of land
north of Charlottesville is on the market for $50 million. Nearby, a 150-acre
plot is priced at $42 million. … According to Albemarle County assessor Bruce
Woodzell, neither parcel is currently zoned for dense development. The 200-plus
acre parcel is zoned R-1, the most restrictive of the residential zonings, and
the 150-acre parcel is zoned RA, or rural
area.
So there it is. Most
likely, any potential development would require County approval of an upzoning
request. Hmmm. Revenue -vs- preservation. We’ll see where the County’s “heart”
lies.
Interested in Learning More?
I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
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