303 ALDERMAN RD
CHARLOTTESVILLE, VA 22903
$1,000,000
3 Beds
2 Baths
1,899 Sq Ft
Status Pending
MLS# 649896
Discover a unique opportunity in the heart of Lewis Mountain, an area celebrated for its serene charm and its proximity to the University of Virginia. Recently transitioned from R-1 to R-B zoning, this change simplifies development by setting a fixed density. Developers are allowed a baseline of 6 units, which increases to 8 if the existing home is retained and can expand to 12 units for projects including affordable housing. The city permits the construction of townhomes or condos within designated setbacks and allows for the subdivision into individual lots for sale. This property not only offers flexibility in development but also connects investors to the vibrant university community, enhancing its appeal for both residential and academic-oriented projects.
Details for 303 ALDERMAN RD
Built in 1950
$527 / Sq Ft
1 parking space
Central AC
Central Heat
88 Days on website
0.31 acres lot
Area Information for 303 ALDERMAN RD
