Development Opportunity in Opportunity
For Sale
$180,000
1200 5 TH 1200 1204 1208, Waynesboro, VA 22980
Three subdivided, build-ready lots in Waynesboro, VA.
Property SizeContact for details
Lot Size0.17 Acres
Days on Market268
Property Features for 1200 5 TH 1200 1204 1208
General Information
Standard status
Active
Lot size
0.17 Acres
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$550
Listing Agency:
Premier Virginia Properties LLC
(434) 906-0274
Listed By:
Cynthia Ann Joskowiak · License #0225065052
(434) 906-0274
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Jul 15 at 9:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Virginia Properties LLC
Investment Insights
Based on property information with market context.
This property presents an exceptional development opportunity within a designated Opportunity Zone. It comprises three lots, each measuring 0.172 acres, already subdivided and prepared for construction. The zoning is RG-5 (General Residential), which permits duplexes and various other residential options. Phase 1 preliminary work has been completed, and the plat and survey are available in the provided documents. Prospective buyers are advised to verify zoning regulations and development possibilities with the local authorities. This property is suitable for builders, investors, or developers seeking a shovel-ready project that offers significant upside potential and possible tax benefits.
Key Highlights
- Shovel‑ready: 3 subdivided lots (0.516 acres total) ready for immediate development.
- Opportunity Zone: Located in a designated Opportunity Zone, offering potential tax advantages.
- RG‑5 Zoning: Zoned RG‑5, allowing for duplexes and various residential development options.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 22980, VA
33,049
Population
14,711
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
91%
High-School Grad
74.5 sq mi
ZIP Area
444
Density / Sq Mi
$63,176
Median Household Income
$41,839
Median Earnings
$968
Median Rent
$256,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Three subdivided, build-ready lots in Waynesboro, VA.
Where is this land located?
The property is located at 1200 5 TH 1200 1204 1208 Waynesboro, VA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Shovel‑ready: **3 subdivided lots (0.516 acres total) ready for immediate development.**; Opportunity Zone: Located in a designated Opportunity Zone, offering potential tax advantages.; RG‑5 Zoning: Zoned RG‑5, allowing for duplexes and various residential development options.
