0 Cor Of Carmel Church Loop And Cool Water Dr McDuff, VA 22546
This exceptional 24.727-acre commercial land parcel presents a remarkable opportunity for developers seeking a prime location in the thriving McDuff, Virginia area. Situated at the northeast corner of Carmel Church Loop and Cool Water Drive in Ruther Glen, Caroline County, this property boasts a strategic location with convenient access to major roadways. The land is zoned PRD (Planned Residential Development), offering significant potential for a substantial multifamily development project. Preliminary plans suggest the possibility of constructing up to 264 residential units, making this an ideal site for a large-scale apartment complex or similar multi-unit residential development. The expansive lot size provides ample space for various amenities and landscaping, enhancing the overall appeal and value of the project. With its excellent zoning and prime location, this property is poised for significant growth and return on investment. Detailed site plans and further information are available upon request. The property's address is NE Corner of Carmel Church Loop and Cool Water Drive, Ruther Glen, VA 22546. The latitude and longitude coordinates are 37.9423434 and -77.4661646 respectively. This is a rare opportunity to acquire a large, well-located parcel of land suitable for a significant development project. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.