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Charlottesville Home Sites Portfolio

PRESTON AVE lot 1 Charlottesville, VA 22903

PRESTON AVE lot 1, Charlottesville, VA, 22903
$1,495,000
Pending
For Sale
$1,495,000
Pending

LAND - CHARLOTTESVILLE, VA

Lot Size0.73 Acres
Days on Market94

Property Features for PRESTON AVE lot 1

General Information

Property type
Land
Property subtype
Other
Standard status
Pending
Lot size
0.73 Acres

Taxes and HOA fees

Tax Year
2026
Tax Description
Parcel IDs (Lot#) 030068000 (1) 030068001 (2) 030068002 (3) 030068003 (4) 030068004 (5) 030068005 (6) 030068006 (7) 030068007 (8) 030072000 (3)
Tax Annual Amount
14651

Utilities

Sewer type
Public Sewer
Water source
Public
Listing Agency HOWARD HANNA ROY WHEELER REALTY CO.- CHARLOTTESVILLE
308 E Main Street, Charlottesville, VA
Listed by DAVE ALLEY · License #0225236349
Added: Apr 17 Checked: Jul 19 at 3:06 am
MLS# 675999 Listing URL

Copyright © 2026 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.


Investment Insights

Based on property information with market context.

This portfolio offers the opportunity to purchase 9 home sites situated in Charlottesville, Virginia. The location provides convenient access to the University of Virginia, Barracks Road, Shops at Stonefield, and Downtown Charlottesville. The parcels, zoned R-A (Low Density Residential), are contiguous or near-contiguous. The new Charlottesville Zoning Ordinance could permit up to 3 units per lot by-right, and up to 6 units with affordability bonuses. This presents an opportunity to develop a residential cluster of homes to meet the demand for walkable housing in the City of Charlottesville. The total lot size is approximately 0.73 acres. Additional information is available on approved plans.

Key Highlights

  • Opportunity to develop up to 3 units per lot by‑right (potentially 6 with affordability bonuses) due to new Charlottesville Zoning Ordinance.
  • Prime location in the heart of Charlottesville, offering easy access to UVA, Barracks Road, Shops at Stonefield, and Downtown.
  • Portfolio of 9 contiguous or near‑contiguous parcels zoned R‑A (Low Density Residential).

Property Analytics

Location Intelligence

Current Use by Public Records

Residential land & home ...

FAQs

What type of property is this?
Land - Portfolio of 9 home sites in the heart of Charlottesville.
Where is this land located?
The property is located at PRESTON AVE lot 1 Charlottesville, VA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Opportunity to develop up to **3 units per lot by‑right** (potentially 6 with affordability bonuses) due to new Charlottesville Zoning Ordinance.; Prime location in the heart of Charlottesville, offering easy access to UVA, Barracks Road, Shops at Stonefield, and Downtown.; Portfolio of 9 contiguous or near‑contiguous parcels zoned R‑A (Low Density Residential).
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