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NOI Net Operating Income N/A
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Asking Price Contact for pricing
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NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Property Description

(2) separate +/- 30 ac sites (Total 57 ac) in Virginia

Investment Highlights

  • Holliday Fenoglio Fowler, L.P. ("HFF"), a Virginia licensed real estate
  • broker, has been retained as the exclusive sales representative for
  • Lake Frederick Land (the "Property"), a ±57 gross acre mixed-use
  • development opportunity in the foothills of the Virginia Blue Ridge
  • Mountains along the shores of Lake Frederick (117-acre lake). The
  • site is located adjacent to the master planned community with plans
  • for 2,130 approved homes (approximately 940 built to-date), which is
  • a key value driver. The Property is a unique offering with the scenic
  • landscape of the Shenandoah Valley and the many leisure activities
  • available right outside their door. Major interstates I-66 and I-81 are
  • less than five miles away, providing excellent connectivity to more
  • urban areas, while preserving the tranquility of the area.
  • This offering includes two different properties. The ±30-acre site in
  • Frederick County is zoned for dense commercial including senior
  • living, office, retail, and other commercial uses. The site conditions are
  • fair, and utilities are available at the site. The ±27-acre site in Clarke
  • County is zoned AOC (Agricultural, Open Space, Conservation) and
  • allows for one single-family dwelling and any other use allowed in
  • agricultural zoning by right.
Last Updated Date: 12 Aug 2020
Sarah Godwin
Sarah Godwin
Director, Capital Markets
License details
NC-270966 SC-108916
Brian Crivella
Brian Crivella
Managing Director, Capital Markets
License details
DC-SP98368957 MD-634831 VA-0225188521

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Last Updated Date: 12 Aug 2020

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