Listed by Colliers - Charlottesville, Virginia, Colliers International Charlottesville
$3,060,000
122 Jefferson Highway
Details
Property Type Land
Sub Type Commercial, Multifamily
Acreage 21.560
Zoning Multifamily (Garden Style)
Land | 21.56 acres
Marketing description
This ±21.56-acre tract along Jefferson Highway presents a rare opportunity for developers to deliver much needed housing supply in one of Central Virginia's tightest and fastest growing rental markets. Fully zoned for garden style multifamily, the site supports ±154 units and offers direct access to public water and sewer, a major competitive advantage in Louisa County, where utility served development sites are extremely limited.
Two commercial outparcels located at the entrance provide additional optionality for retail, service, or neighborhood oriented commercial uses, enhancing the placemaking and long term value of the community.
Investment highlights
Fully zoned for garden style multifamily
Supports ±154 units
Direct access to public water and sewer
Major competitive advantage in Louisa County where utility served development sites are extremely limited
Two commercial outparcels at entrance for retail, service, or neighborhood commercial uses
High rents, low vacancy, no pipeline supply
Rapid population growth: 2.55% annual growth rate, 33.6% growth since 2010
Median age ~41 years - prime renter demographic
Strategic location between Richmond and Charlottesville employment markets
409 new housing units permitted in 2024 - strong market demand
Listing Contacts
Listed by Colliers - Charlottesville, Virginia, Colliers International Charlottesville
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