For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $4,000,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID VAFQ2002046
Sold Date 12/28/21
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $53,243
Tax Year 2021
Lot Size 97.130 Acres
Acres 97.13
Property Description
Fully Entitled 97-Acre Residential & Commercial Development Land in Fauquier County, Virginia.
White Marsh represents one of the most important development opportunities for residential and commercial growth in Bealeton, Virginia. Located in Fauquier County, Bealeton is a vibrant suburb of Washington DC that provides a unique blend of agricultural, commercial, and residential developments. This peaceful north-central Virginia town allows easy access to Fredericksburg, Warrenton, Manassas, and Gainesville through I-66 and I-95 via Routes 29, 28, or 17, making it an ideal location for the proposed expansive community development.
The property offered for sale consists of four (4) contiguous parcels strategically located adjacent to Liberty High School, across the street from the newly built Mintbrook Village and surrounded by nearby retail centers and residential communities. This property received county approval in 2010 for a development known as White Marsh, with the idea of creating “an entire neighborhood with opportunities for its inhabitants to work, live, conduct business, shop and engage in recreation.” The White Marsh vision includes “shops, restaurants, boutiques, service establishments and professional offices (to) provide a range of services and employment opportunities for residents.” Residential planning includes a mix of 141 single family detached units (77 units age restricted), 24 single family attached units (20 units age restricted), 152 age restricted multi-family units, 130 assisted living care units and 14 live-work units. The site plan assumes a commercial development in the front section of the property with “retail and office uses, specially planned commercial uses including a boutique hotel, a medical office center, and a Continuous Living Facility.” The previously approved site plan is consistent with the Bealeton Service District Plan adopted on June 6, 2013.
Bealeton enjoys tremendous growth with strong residential demand leading the way. The popular Mintbrook residential and commercial development led by Ryan Homes and NVRetail is a significant success and includes hundreds of single family homes and townhomes, plus the three-story, 80 unit Mintbrook Senior Apartments. While residential construction is still finishing, the Mintbrook development completely sold out quickly. With White Marsh being directly across from Mintbrook, the next owner will capitalize on this development opportunity where there is proven consumer demand for the finished product.
Bealeton boasts an exceptional blend of city-country balance. Tranquil and serene, Bealeton is known for its lush landscape, and the Whitney State Forest and Brandy Station Battlefield Park do not disappoint. Popular attractions include the bustling Messick’s Farmers’ Market and Morais Vineyards & Winery, a Portuguese-style winery with wedding venue that attracts thousands of people each year. For high-flying fun, The Flying Circus Aerodrome & Airshow is a local favorite and brings in guests from all over Virginia. Downtown Bealeton offers quaint antique stores and charming cafes, and nearby Old Town Warrenton provides more restaurants and boutiques for residents and visitors alike.
This is an outstanding opportunity for a developer that can take on both residential and commercial projects, or a residential builder teamed with a commercial development partner. The land is undeveloped with a mix of open space and trees, with the exception of several structures that may be torn down during development. The farmland is subject to an annual lease agreement and is currently held in land use, resulting in significant real estate tax savings while holding the property for development. The property is master-planned for utilities in the Bealeton Service District Plan with public water and sewer available on the adjacent Liberty High School property.
Location
State VA
County Fauquier
Zoning MIXED USE
Exterior
Water Access N
View Panoramic
Garage N
Building
Lot Description Backs to Trees, Cleared, Level, Open, Road Frontage, Subdivision Possible
Sewer Public Hook/Up Avail
Water Public Hook-up Available
Schools
High Schools Liberty (Fauquier)
School District Fauquier County Public Schools
Others
Tax ID 6899-29-4325
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Venugopal Ravva • Maram Realty, LLC