Development Opportunity in Opportunity
For Sale
$180,000
1200 5TH ST, Waynesboro, VA 22980
2.95 acres, build-ready lots, development potential in Waynesboro.
Property SizeContact for details
Lot Size2.95 Acres
Days on Market227
Property Features for 1200 5TH ST
General Information
Standard status
Active
Lot size
2.95 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$1,040
Listing Agency:
NEXTHOME PREMIER PROPERTIES & ESTATES
(540) 832-0071
Listed By:
CYNTHIA JOSKOWIAK · License #0225065052
Source:
Corcoran
Added: Jan 8
Changed: Aug 8
Last Checked: Jul 16 at 5:59AM
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 NEXTHOME PREMIER PROPERTIES & ESTATES
Investment Insights
Based on property information with market context.
This 2.95-acre property presents a development opportunity within a designated Opportunity Zone. The site consists of 4 parcels, including 3 subdivided lots of 0.172 acres each, ready for construction. Zoned RG-5 (General Residential), the property allows for duplexes and various residential options. Preliminary Phase 1 work has been completed, with plat and survey documents available. There is a possibility of creating up to 7 total lots. The property is suitable for builders, investors, or developers seeking a shovel-ready project with potential tax advantages. Buyers should verify zoning and development options with the locality.
Key Highlights
- 2.95‑acre property in an Opportunity Zone, offering potential tax advantages.
- Includes 4 parcels with 3 build‑ready lots.
- Zoned RG‑5 (General Residential), allowing for duplexes and other residential options.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
153
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?
Residential land & home lot - 2.95 acres, build-ready lots, development potential in Waynesboro.
Where is this residential land & home lot located?
The property is located at 1200 5TH ST 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: 2.95‑acre property in an Opportunity Zone, offering potential tax advantages.; Includes 4 parcels with 3 build‑ready lots.; Zoned RG‑5 (General Residential), allowing for duplexes and other residential options.
