W Locust, Woodstock, VA 22664

Property Description

Prime investment opportunity in the Town of Woodstock! This 27,273 sq. ft. B-1 zoned lot is located just half a block from Main Street and offers a “by-right” build for up to an 18-unit apartment complex—no special use permits or hearings required. Site engineering by Racey’s Engineering is 99% complete and has already undergone initial review by both the town and county. The current design includes a 15-unit, three-story building featuring two-bedroom, two-bathroom units of approximately 900 sq. ft. each, with rear balconies and tenant-paid utilities. The lot accommodates all required parking, and the project is being finalized for swift site plan approval. An excellent opportunity for developers seeking a ready-to-go multifamily project in a desirable Shenandoah Valley location. Additional Opportunity: The seller also owns a nearby parcel on Foundry Street suitable for an 8-unit apartment building. Purchasing both the Locust Street and Foundry Street lots could allow for a combined 23-unit multifamily development within downtown Woodstock. Properties may be purchased separately or together for scale and flexibility. Disclaimer: Main image & Interior images are conceptual renderings of a proposed design and are provided for visualization purposes only. The lot is being sold with plans; construction and finish selections will be determined by the purchaser.