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    1200 5Th St Waynesboro, VA 22980

    Picture of Land at 5Th St 1200, Waynesboro, VA
    For Sale
    $295,700

    Building Lots - WAYNESBORO, VA

    Lot size:
    2.95 Acres
    Days on Market:
    106
    Last Refresh:
    Dec 13 at 6:06 am

    Property Features for 1200 5Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RG-5 General Residential
    Lot size
    2.95 Acres

    Building Details

    Architectural style
    Other

    Premier Virginia Properties (540) 832-0071 [email protected]

    Listing agent CINDY JOSKOWIAK (540) 832-0071 License #0225065052

    Listing date Aug 30, 2025

    MLS# 665559 Listing URL

    Copyright © 2025 Charlottesville Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Opportunity in Waynesboro, VA

    This 2.95-acre property presents an exceptional development opportunity within a designated Opportunity Zone. The site includes 4 parcels, with 3 lots, each 0.172 acres, already subdivided and ready for building. Zoned RG-5 (General Residential), the property allows for duplexes and other residential options. Phase 1 preliminary work has been completed, and the plat and survey are available. There is a possibility to create up to 7 total lots. It is suitable for builders, investors, or developers seeking a shovel-ready project with potential tax advantages. The property is located in Waynesboro, VA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Clothing Store Auto Repair Shop Wholesale Shop Hotel & Motel Kitchen & Bath Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waynesboro
    County
    Waynesboro
    State
    Virginia
    Longitude
    -78.867686
    Latitude
    38.069199

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    FAQs

    What type of property is this?
    Land - 2.95-acre property with development potential in an Opportunity Zone.
    Where is this land located?
    The property is located at 1200 5Th St Waynesboro, VA.
    What is the asking price?
    The asking price for this property is $295,700.
    What are key features of this property?
    This property features: - 2.95-acre property in a designated Opportunity Zone, offering potential tax advantages.; - Includes 4 parcels with 3 subdivided, build-ready lots (0.172 acres each).; - Zoned RG-5 (General Residential) allowing for duplexes and other residential options.
    (540) 832-0071
    Request Owner's contact information
    1200 5Th St Waynesboro, VA 22980
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    Waynesboro, VA 22980
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1200 5Th St Waynesboro, VA 22980
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