2636 Hydraulic Rd Charlottesville, VA 22901
This exceptional 0.99-acre parcel located at 2636 Hydraulic Road in Charlottesville, Virginia, presents a unique investment opportunity. Currently zoned R-2, this property offers significant potential for development. The land is situated in Albemarle County, zip code 22901, and boasts a prime location within a comprehensively planned area designated for Urban Density Residential development. An existing 18-unit concept plan is available, showcasing the property's capacity for multi-family residential construction. The asking price for this versatile land is $500,000. With its convenient location in Charlottesville and its potential for high-density residential development, this property represents a compelling investment opportunity for developers seeking to capitalize on the growing demand for housing in this vibrant area. The property's R-2 zoning provides flexibility for various residential projects, making it an attractive prospect for both experienced developers and those new to the market. Detailed zoning information and the existing 18-unit concept plan are available upon request. This is a rare opportunity to acquire a sizable, well-located parcel in a thriving community. Don't miss out on this chance to build your next successful project.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.