$395,000

10.5 +/- acres in the fast growing Graves Mill Road Route 221 Corridor. The property is well located and within 10 minutes to Liberty University, Downtown Lynchburg, Forest, Route 460 and Route 29. This large parcel has 50 feet of frontage on Graves Mill Road with an improved entrance in place. The property is currently zoned B-1, and presents a great opportunity for development, including residential and commercial. Development opportunities for B-1 include: schools; child and adult daycare; housing services; Three or More Households as part of a mixed-use development (includes triplexes, four-plexes, and other multi-household dwellings). Additionally, a Conditional Use Permit is in place until March 8th 2024 for a 50 unit multi-family apartment building. Public water and sewer is now available to the property, and electric is on site. A large property with good topography, in a prime location and ready for new development. Contact Agents for more information.