Art Ray Drive, Suffolk, VA 23434

Residential Development Opportunity

This property will sell with reserve on February 5 at 11 am. The 82.78-acre site is part of a larger 165-lot subdivision approved in 2006 but never developed. This site has RLM zoning originally approved for 105 lots and O-I zoning that could be used for civic, office, or light industrial uses, with potential to rezoning for residential. Final hammer price subject to 10% buyer's premium to reflect total consideration. Non-refundable $100,000 deposit due with ratified contract immediately at conclusion of auction. Owner would like to close within 45 days. Seller guarantees clear title.