303 ALDERMAN RD, CHARLOTTESVILLE, VA 22903 Homes for Sale

For Sale

$1,000,000

• 3 beds
• 2 baths
• Sq Ft

303 ALDERMAN Road,
CHARLOTTESVILLE, VA, 22903

Latitude 38.040093 - Longitude -78.514535

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Overview

Listing Status Pending

MLS 649896

Property Type

Single Family

Year built

1950

Total rooms

3

Lot size

0.31 Acres

Time on NeighborWho

82 days

Stories

-

Price per Sq Ft

Parking

0e0 car garage

Basement

-

About 303 ALDERMAN RD, CHARLOTTESVILLE, VA

Discover a unique opportunity in the heart of Lewis Mountain, an area celebrated for its serene charm and its proximity to the University of Virginia. Recently transitioned from R-1 to R-B zoning, this change simplifies development by setting a fixed density. Developers are allowed a baseline of 6 units, which increases to 8 if the existing home... is retained and can expand to 12 units for projects including affordable housing. The city permits the construction of townhomes or condos within designated setbacks and allows for the subdivision into individual lots for sale. This property not only offers flexibility in development but also connects investors to the vibrant university community, enhancing its appeal for both residential and academic-oriented projects. Read more

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