The Lake Anna Resort Mixed-Use Development
Listing was updated at: 06/20/2019
Property Overview
Price/Rent PSF $ 9,260,000.00
Asset Type Land
Trade Type Sale
Acres Available 10.00
Date Available 06/20/2019
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Description

Location
The Property is located on the shores of Lake Anna, which is one of the largest freshwater reservoirs in the State of Virginia. With over 13,000 acres of water and 225 miles of shoreline, there is plenty of room for water-related recreation. In addition, the 2,000-acre Lake Anna State Park is located on the shores of the lake, providing numerous recreational activities along with a visitor center.

Mineral is located approximately 25 miles east of the City of Charlottesville, VA, 40 miles northwest of the city of Richmond, VA (the state capital), and 90 miles southwest of the Washington DC metropolitan area. The proximity of the subject site to three sizeable metropolitan areas provides residents and visitors of Mineral a large variety of cultural, educational, and entertainment options within easy driving distance. In addition, the Property is located only 90 miles from Amazon's planned HQ2 development in Crystal City, VA.

Lake Anna has become a popular destination for people who are looking for a second home who live within a couple hours drive, as well as retiree buyers. This has primarily been due to the beauty of Lake Anna and the surrounding region, however rising home costs in Northern Virginia and Washington DC have also played a role. Lake Anna's waterfront property values have increased since the lake's inception in 1972. Most years the values improved immensely, and even though there was a dip and quick recovery in off-water prices during the most recent recession, prime waterfront values like the development site continued to climb.

Sale
SVN | Northco is pleased to present for sale The Lake Anna Resort in Mineral, VA ("Property"). The Property is a prospective mixed-use resort development in Mineral, VA.

Location