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Land Resources / News / Virginia
Walton buys 378 acres in Spotsy for $11.58 million
Source: fredericksburg.com, by Bill Freehling
Walton International Group today bought about 378 acres in the Lee’s Parke area of Spotsylvania County for about $11.58 million, according to a deed filed this morning in Spotsylvania Circuit Court. The price is about 47 percent above the property’s tax-assessed value. August 12, 2011 Walton is a real estate investment company based in Scottsdale, Ariz., that within the past year also bought 1,190 acres in southern Stafford County. The Spotsylvania land that Walton bought today for $30,646 an acre is just south of the Lee’s Parke subdivision and the intersection of U.S. 1 and Spotsylvania Parkway. It’s east of Smith Station Road and west of U.S. 1. The property is zoned a mixture of commercial and rural.
Read the complete article from fredericksburg.com » |
