I am sharing a development opportunity that I hope will be of interest to you or your building partners or investors. You have my permission to share this information. In fact, I would be grateful! I am the owner and seller of this property which has full zoning approval to construct a 120 unit Senior Housing project in Spotsylvania County, Virginia. (A suburb of Washington, D.C.). The approval allows for any occupancy for Residential/Independent Living, Assisted Living, Memory Care, Adult Day Care and Government funded Age 62+ Housing. Any of these residency types or a combination of them is allowed. In Summary: *READY TO BUILD** 5.43 Acres** two story building (81,932 SF) *water, sewer and electricity available *high & dry, mostly level, backs to Virginia Central Rail Trail *deeded & recorded sewer easements are attached * no impact fees or special assessments or proffers * The real estate land taxes will remain assessed as a vacant residential lot until the new use has an occupancy permit. The land is currently taxed at less than $900 per year which should help cash flows during the construction cycle * Approved GDP (generalized development plan) attached The NICMAPVISION.Com statistics support this site as an extremely profitable location for Senior Housing. (attached) Zip Code 22407 is within HUD's Metro Washington D.C.'s Area eligibility for HUD opportunities and LIHTC (low income housing tax credits) Superior location at 6425 Harrison Road which connects Rt 1 and Rt 3. Both Rt 1 and Rt 3 access I-95 Progressive D.C.suburb convenient to global employment centers, major shopping, hospitals, fire stations, restaurants, recreation and public transportation. (Air, Bus & Railroad) Sales Price: $2,225,000 with owner financing considered The land is READY FOR CONSTRUCTION. It is a rare opportunity to find land that is truly ready for the building cycle! Please share your thoughts with me. I am available for any questions or further information. Warm regards, Sandra Baxter Age Wise Virginia, LLC agewisevirginia@gmail.com 540-257-1160
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