Twitter
Facebook
Email
|
Looking to build a multi-family investment property in Culpeper, VA? Finding land zoned by right for multi-family development is nearly impossible these days and rezoning a property for that use is even more challenging. The approvals for this project have taken years to secure, and now Willow Grove is just weeks away from being fully shovel-ready. This project has full site plan approval from the Town of Culpeper to construct two buildings totaling 30 units, including a rentable management office. Owner has also obtained full building permit approval for the blueprints. The units are permitted under current codes to be converted into condominiums and sold individually. Additionally, the newly assigned RX zoning provides significant flexibility, including allowance for short-term rentals. While short-term rentals were prohibited in many zoning classifications during the Town of Culpeper's recent zoning overhaul, they were not banned under this designation "” a major advantage for Willow Grove. The only remaining entitlement is the utility plat and deed required by the Town. Surveyor and attorney are currently preparing the remaining minor edits for the third submission. All necessary utilities are already present and accessible on the property, including gravity-fed sewer, power and water. Comcast is readily available to supply internet as well. Located in an area with a near-zero rental vacancy rate, this presents a strong long-term investment opportunity. The Pro Forma included in the Realtor documents projects an estimated 7.01% cap rate for long-term rentals. Incorporating short-term rental units could potentially increase that return even further. Approved blueprints and all related documents are available upon request.
| DAYS ON MARKET | 0 | LAST UPDATED | 3/5/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COUNTY | CULPEPER |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | CULPEPER COUNTY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| HEAT | None |
| LOT | 2.45 acre(s) |
| PARKING | Parking Lot |
| TAXES | 2554 |
| WATER | None |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Todd
Stonesifer to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by RE/MAX Gateway
All information provided is deemed reliable but is not guaranteed and should
be independently verified. No reproduction, distribution, or transmission of the
information at this site is permitted without the written permission from the MLS
Participant.
IDX information is provided exclusively for consumer’s personal,non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2026.