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Mountain View Church Rd - Opportunity Zone, 91ac Blue Ridge, VA
91.2 Acres of Residential Land Offered at $694,536 CAD in Blue Ridge, VA 24064
Investment Highlights
- Opportunity zone.
- Many roads and trails throughout property.
- Multiple flat building sites.
Executive Summary
The 2017 Tax Cuts and Jobs Act created the Opportunity Zones program—meant to spur investment in undercapitalized communities.
The program provided three tax benefits for investing unrealized capital gains in Opportunity Zones:
Temporary deferral of taxes on previously earned capital gains. Investors can place existing assets with accumulated capital gains into Opportunity Funds. Those existing capital gains are not taxed until the end of 2026 or when the asset is disposed of.
Basis step-up of previously earned capital gains invested. For capital gains placed in Opportunity Funds for at least 5 years, investors’ basis on the original investment increases by 10 percent. If invested for at least 7 years, investors’ basis on the original investment increases by 15 percent.
Permanent exclusion of taxable income on new gains. For investments held for at least 10 years, investors pay no taxes on any capital gains produced through their investment in Opportunity Funds (the investment vehicle that invests in Opportunity Zones).
Investors can take advantage of one or more of the benefits. To access the second benefit, investors need to have reached the 5 or 7 year mark by 2026, meaning that new projects can no longer receive the basis step-up tax benefit. But the 10 year hold period can happen after 2026, meaning investors can make use of the permanent exclusion tax benefit for new projects.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $694,536 CAD | Property Subtype | Residential |
| Sale Type | Owner User | Total Lot Size | 91.20 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $694,536 CAD |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 91.20 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot 103-A2/A2A
| Price | $694,536 CAD | Lot Size | 91.20 AC |
| Price Per AC | $7,616 CAD |
| Price | $694,536 CAD |
| Price Per AC | $7,616 CAD |
| Lot Size | 91.20 AC |
2 parcels along Mountain View Church Road. Opportunity zone. Numerous roads in good condition throughout the property. Multiple building sites. Perc testing done. Tax map Nos. 103-A-2 and 103-A-2A
Description
Opportunity Zone investors! 91+ acres of Porter Mountain with gorgeous views of the Peaks of Otter. Criss-crossed with many roads with numerous building sites. Bold creeks at northern boundary and right through the center of the property. Perc testing performed at one of the potential building sites, electric available from neighboring property with signed agreement to guarantee access for Appalachian Power to run underground electric to the property. Per the power company, running power will be free if a primary residence is being built. Wildlife abounds with bear, turkey, deer, all seen regularly. Many of the interior roads have been cleared and maintained, allowing access throughout the property. This is a great option for investors wanting to use the tax benefits of the opportunity zone to build equity. Grab your ATV or hiking boots and come check it out!
zoning
| Zoning Code | AP (Agricultural Preserve (Bedford County)) |
| AP (Agricultural Preserve (Bedford County)) |
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Tyler Anderson - Mount Bleu, LLC
Presented by
Mount Bleu, LLC
Mountain View Church Rd - Opportunity Zone, 91ac Blue Ridge, VA
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