0.11 Acres Investment Property in Westmoreland County, VA for Sale!
This excellent tract of investment land is just over 0.11 acres in busy Colonial Beach. Close to the second-largest public sand beach in Virginia, this is a great slice of land for the astute investor who is looking for a long-term investment at a fraction of the price.
There are easements that allow legal access to the property and what appear to be roads and trails leading to the property off of Wakefield Drive, but we have not visited this property and do not know what the situation is in terms of ease of access, so we have priced it solely as a buy and hold investment.
This parcel was hand-picked primarily because of its long-term investment potential. It is not "buildable" at this time, in the sense that adding a mobile home, RVs, or using the site for storage or parking is not viable due to roads not being present. Despite that, this is not the primary purpose of buying this land. It's an investment in Colonial Beach's future growth. Our investment lots are chosen primarily because they are inexpensive and have extraordinarily low property taxes, making them cheaper to purchase and maintain. The best investment on Earth, as they say, is earth.
Here are the details:
PROPERTY ADDRESS: COLONIAL BEACH, VA 22443, USA
CASH PRICE: $4,500.00
CASH TERMS: $5,500 SELL PRICE: $500 DOWN @9.9% INTEREST 24 MONTHS $230.49/MONTH
ACREAGE: 0.11 acres
COUNTY: Westmoreland County, VA
ASSESSOR'S PARCEL NUMBER: 3A4-4-F-16
ZONING: R2 - Residential General
SETBACK REQUIREMENTS: Front: 15 feet, Sides: a total of 15 feet, Rear: 25 feet
TRAILER PERMITTED: No
CAN I STORE MY RV: No
ACCESS TO PUBLIC SEWER: Yes
ACCESS TO PUBLIC WATER: Yes
ROAD FRONTAGE: Yes