$550,000

Exceptional opportunity in the heart of Montpelier, Virginia — 50 acres with significant road frontage and long-term development potential. Situated in Hanover County, Virginia with an established neighborhood leading up to the property and a subdivision directly behind, this offering presents a compelling investment for builders, developers, or land investors. The parcel features approximately 1,100 feet of road frontage along Gun Barrel Road and 2,350 feet along the western side, with generally flat topography and some gentle rolling hills, creating favorable conditions for future use (buyer to verify subdivision and zoning possibilities; currently zoned A-1). The existing 1,664 sqft home (3 bedrooms, 2 baths) is a full renovation or tear-down, and is being sold strictly as-is, cash only. Unique to the property, both first- and second-floor decks overlook a scenic pond across the street, offering attractive water views without ownership or maintenance. Priced well below the current tax assessment, this property is positioned for immediate value and upside in a highly desirable and growing area.