NOT LISTED FOR SALE

16-59A 5326 Zachary Taylor Hwy Mineral, VA

3.8 Acres
-- Price per Acre
165,528 Sq Ft Lot

Last Sold June 18, 2024

Last sale price $225,000

63 Days on Market

About This Lot

As of June 2024

3.798 Acres of A2 zoned land with commercial potential, located .3 miles from the 522/208 Intersection with a VDOT approved roundabout in the works, and adjacent to Louisa's Waste Transfer Station.

Located just north of the intersection of Rt. 208 and Rt. 522 in Wares Crossroads, this property boasts excellent road frontage and visibility, making it an ideal location for capitalizing on the development potential at Lake Anna. The total property consists of two parcels totaling 20.5 Acres of land on both sides of Zachary Taylor highway that can be sold or leased together or separately offering further expansion possibilities or complementary development options. 16-59 is 16.701 Acres of C2 zoned land with approved plans for Boat & RV Storage.

With over 389' of frontage on Rt 522 where the speed limit changes from 45 to 55MPH, it is an ideal location for capitalizing on the development potential at Lake Anna. The property's location within the Lake Anna Growth Zone, combined with its favorable zoning, presents a unique opportunity for investors or developers seeking to capitalize on the area's commercial growth. With the potential for various commercial ventures, this property offers the flexibility to cater to the growing demands of the Lake Anna community. There is demand for grocery, convenience, gas, food service, medical and neighborhood retailers.

Located in Louisa, Orange, and Spotsylvania counties, Lake Anna is one of the largest freshwater inland lakes in Virginia, spanning over 13,000 acres with 225 miles of shoreline. Its proximity to Washington, D.C. (72 miles), Charlottesville, and Fredericksburg, as well as its accessibility from anywhere in Virginia, makes it an easily reachable destination.

For nearly 40 years, Lake Anna has been a popular vacation and second home destination for residents of Virginia, Maryland, and North Carolina. Additionally, the number of full-time residents in the Lake Anna region continues to rise, solidifying it as a permanent home for many individuals and families. Louisa is currently growing at a rate of 2.55% annually and its population has increased by 7.79% since the most recent census in 2020.

The natural beauty and recreational opportunities offered by Lake Anna, such as boating, fishing, swimming, and hiking, contribute to its appeal as a thriving community. Businesses catering to outdoor recreation, water sports, and tourism can flourish in this vibrant environment.

Lake Anna's location, accessibility, and the growing demand for modern conveniences make it an attractive destination for businesses and investors. The supportive business environment, coupled with the area's natural beauty and quality of life, create a favorable climate for business growth and economic development.

Lake Anna is a growing community with a significant increase in business activity in recent years. The rise in population growth and demand has led to the arrival of more modern conveniences and amenities on a daily basis.

By becoming a part of the Lake Anna business scene, businesses can tap into a growing market, benefit from the region's natural attractions, and contribute to the ongoing development of this flourishing community.

Last Agent to Sell the Property

Allison Graves

(540) 373-0100 agraves@coldwellbankerelite.com Coldwell Banker Elite License #0225083193 Listed on: 12/11/2023

Coldwell Banker Elite

Last Buyer's Agent

Allison Graves

(540) 373-0100 agraves@coldwellbankerelite.com Coldwell Banker Elite License #0225083193 Listed on: 12/11/2023

Coldwell Banker Elite

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $287

Lot Details

  • 3.8 Acre Lot
  • Property is zoned A2

Utilities

  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 59A
  • Assessor Parcel Number 16 59A

Property Details

Property Type

Land

Est. Annual Taxes

$287

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Price Per Sq Ft: 1.51

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Sewer System

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 3.80
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 165441.00
  • Zoning: A2
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 287.00
  • Assessor Parcel Number: 16 59A
  • Tax Lot: 59A
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: LOUISA COUNTY PUBLIC SCHOOLS

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2024 06/18/24 Sold $225,000 -10.0% --
12/11/2023 12/11/23 For Sale $250,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VALA2004886

Bright MLS