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7.9 Acres Mixed-Use Development Land
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200 Fountains Ln, Poquoson, VA 23662

7.9 acres of land approved for mixed-use development.

Lot Size7.90 Acres
Days on Market1541

Property Features for 200 Fountains Ln

General Information

Standard status Active
Lot size 7.90 Acres
Property subtype Multifamily, Office
Listing Agency: Mid Atlantic Commercial
Listed By: Jonathan Guion · License #VA 0226007065
Source: Crexi
Added: May 12, 2022 Changed: Jul 10 Last Checked: Jul 29 at 4:45PM

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 Mid Atlantic Commercial

Investment Insights

Based on property information with market context.

Three parcels totaling approximately 7.9 acres are available for sale. The parcels are located next to Poquoson Commons Shopping Center and are zoned Village Commercial (VC). Current approved plans and permits allow for multifamily, townhome, and retail use. Parcel 1 features an existing mixed-use building and is shovel-ready for two additional buildings. Parcel 2 has been approved for the construction of 10 townhomes. Parcel 3 has been approved for multifamily and commercial retail development.

Key Highlights

  • 7.9 acres of land across 3 parcels
  • Zoned Village Commercial (VC) allowing for multifamily, townhome, and retail use
  • Approved plans and permits in place for various developments

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store Pharmacy HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

76
Businesses Nearby

Demographics for 23662, VA

12,460
Population
4,945
Households
2.5
Avg Household Size
43
Median Age
40%
College-Educated
97%
High-School Grad
15.4 sq mi
ZIP Area
809
Density / Sq Mi
$120,919
Median Household Income
$54,715
Median Earnings
$1,634
Median Rent
$403,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - 7.9 acres of land approved for mixed-use development.
Where is this commercial land located?
The property is located at 200 Fountains Ln Poquoson, VA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 7.9 acres of land across 3 parcels; Zoned Village Commercial (VC) allowing for multifamily, townhome, and retail use; Approved plans and permits in place for various developments
(757) 620-2932 Call to check price and availability
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