5529 Quail Rdg Cir, Cave Spring, VA 24018

This exceptional development opportunity presents a 3.86-acre assemblage in Cave Spring, Roanoke County, VA, zoned R-3. Priced at $195,000 ($77,720/acre), this shovel-ready site is entitled for up to 15 residential units, comprising a mix of townhouses and single-family homes. The property consists of four lots totaling 168,142 square feet, with 129,809 square feet buildable. The largest lot encompasses 2.73 acres, while two smaller lots measure 0.12 acres and 0.88 acres respectively. The R-3 zoning allows for attached and detached single-family homes, townhouses, and row houses, with a minimum lot area of 3,000 square feet per dwelling. This prime location offers proximity to an existing community, making it an attractive investment for developers seeking a high-density residential project. The property's address includes multiple parcels located on Quail Ridge Cir and Crossbow Ct, Cave Spring, VA 24018. The APN is 087.08-06-27.00-0000. LQ Investments Portfolio I, LLC is the current owner.