For Sale
$195,000

5529 Quail Ridge Cir Cave Spring, VA 24018

15-unit townhouse community, shovel-ready.

Overview

Added:
Dec 11, 2024
Days on market:
136
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.

Highlights

  • 3.86-acre assemblage in Cave Spring, Roanoke County, VA, zoned R-3, entitled for up to 15 residential units.
  • Four lots totaling 168,142 square feet, with 129,809 square feet buildable; includes parcels of 2.73 acres, 0.12 acres, and 0.88 acres.
  • R-3 zoning allows attached and detached single-family homes, townhouses, and row houses, with a minimum 3,000 square foot lot per dwelling.

Property Details for 5529 Quail Ridge Cir

Property type
Land
Lot Size (sq. ft)
168,142 SF

Location Insight

City
Cave Spring
County
Roanoke
State
Virginia
Latitude
37.220234
Longitude
-79.974805

FAQs

What type of property is this?
Land - 15-unit townhouse community, shovel-ready.
Where is the land located?
The property is located at 5529 Quail Ridge Cir Cave Spring, VA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 3.86-acre assemblage in Cave Spring, Roanoke County, VA, zoned R-3, entitled for up to 15 residential units.; Four lots totaling 168,142 square feet, with 129,809 square feet buildable; includes parcels of 2.73 acres, 0.12 acres, and 0.88 acres.; R-3 zoning allows attached and detached single-family homes, townhouses, and row houses, with a minimum 3,000 square foot lot per dwelling.
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5529 Quail Ridge Cir
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