Description
MOTIVATED SELLER! Prime development opportunity in the desirable Cheverly community. Property ends at the pink ribbon on the trees. This 7,823 sq ft lot is surrounded by new construction and recently renovated homes, with strong resale activity in the area. Finished homes within the past 12 months have sold in the $425,000 to $800,000+ range, supporting the potential for a high-end custom build. No HOA. Public water hookup is available on the street; buyer to connect to the main line. Street access to water and electric--no gas. Convenient location just minutes from Washington, D.C., offering excellent access for investors or builders seeking a prime infill lot in an active redevelopment area. Nearby comparable lot at 3105 Lake Ave (approximately 0.8 miles away) sold for $140,000, with a newly constructed home on that lot currently under contract at $769K. Further details available upon request.
Description
MOTIVATED SELLER! Prime development opportunity in the desirable Cheverly community. Property ends at the pink ribbon on the trees. This 7,823 sq ft lot is surrounded by new construction and recently renovated homes, with strong resale activity in the area. Finished homes within the past 12 months have sold in the $425,000 to $800,000+ range, supporting the potential for a high-end custom build. No HOA. Public water hookup is available on the street; buyer to connect to the main line. Street access to water and electric--no gas. Convenient location just minutes from Washington, D.C., offering excellent access for investors or builders seeking a prime infill lot in an active redevelopment area. Nearby comparable lot at 3105 Lake Ave (approximately 0.8 miles away) sold for $140,000, with a newly constructed home on that lot currently under contract at $769K. Further details available upon request.
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