Sale, Sale, Sale, Two Million Dollar Price Reduction

October 28, 2009 on 3:43 pm | In Best Deals in Real Estate | No Comments

  

An Incredible Deal?

In this Brave New World of real estate deals how can you pass up  a property that was reduced by more than 2 million dollars? 

 

If you are like me, you are wondering how this could be so.  Well it is economics my friend.  When there is a bumper crop of oranges produced but no one wants them, the price of oranges will have to go down until you find a price that makes buying oranges attractive again.  This “orange” was appraised only a few short months ago at over 4 million dollars.  Right now, a prime, development ready piece of property, near Harrisonburg Virginia, and near a thriving Wall Mart, and near another small Virginia town that has eyes on annexing it, is going for a bargian basement price.

Other Important Information

This property is 80 acres that lays great. The best use of this property would be to rezone to mixed use residential-single family, duplexes, town houses. It lies right off Rt. 42 with regional sewer also available. 5.9 acres in city, zoned R1 with 400′ frontage on Pear Street. 74 acres +/- in county, zoned A2.

Want More

This property is being offered exclusively by Kline May Realty and I can get you started  towards purchasing this property and creating the next successful housing development.  

Barry Suttles – Realtor

Kline May Realty

540-246-5666