126 FOREST LAKE STEPHENS CITY Virginia 22655
126 FOREST LAKE, STEPHENS CITY, Virginia 22655 - $2,945,000
INVESTOR OPPORTUNITY – CLOSE TO ROUTE 277 and I81. Property is in the Frederick County’s Urban Development Area (UDA) and the Sewer & Water Service area (SWSA). Initial concept cited as a mixed use project consisting of 35 acres for single family homes, 20 acres of townhouses, 10 acres commercial, & 15 acres green space. The property is located just south of Stephens City, VA in Frederick County’s Urban Center Area under the Route 227 Triangle and Urban Center Land Use Plan. It is included in the expanded boundaries of Frederick County’s Urban Development Area (UDA) and Sewer and Water Services Area. The property has easy access to I-81 and State Route 277. The property is currently zoned RA-Rural Area, but is proposed to be zoned to the new Traditional Neighborhood Design by Frederick County’s Planning and Development Department. This will allow the property to be rezoned and enjoy a wide variety of uses including B1 and B2 commercial uses, live-work options with living areas over the commercial. The additional living areas will not deduct from the residential density of the project. The highest and best use for the property would be a mixed use project consisting of 30% public use and open space, 40%to 50% commercial use under the B1 and B2 zoning districts, and 20% to 30%Residential under the RP zoning district at 16 units per acre. Possible opportunity for Investors looking for a 1033 Exhange (Lifetime Exchange). Approximately Less than 15 minutes from the Winchester Regional Airport (OKV) and around 1 Hour to Dulles International Airport (IAD).