Residential Land with Home for Sale in Meadowview, Virginia

*Seller willing to PAY UP TO $12,000.00 TOWARDS RATE BUY-DOWN with full-price offer!* This exceptional property, with 2 buildings, presents a unique opportunity with Village District Zoning! The main residence, boasting 4600+ sq. ft. and designed in a U-shaped layout, is currently split into two large units. The first unit, just over 2200 sq. ft., features 5 spacious bedrooms, 3 full bathrooms, and a newly renovated kitchen. The second unit, just under 2400 sq. ft., is one of the most distinctive features of this property -- a 1939 two-room schoolhouse with 14+ foot ceilings and spacious sunroom off the front of the home. At the back of the unit, a conservatory overlooks the 1100 sq. ft. landscaped courtyard, complete with a covered picnic area. The unfinished schoolhouse is a blank canvas -- currently configured with 5-6 bedrooms -- that carries a rich history and a unique opportunity for creative transformation into private living quarters, offices, or a community-shared living area. The units are connected by a large utility/laundry room that could be used as a communal laundry area for each unit. The property also includes a completely renovated, 1985 two-story duplex home, converted into two separate 864 sq. ft. apartments. The lower unit offers a bedroom with a full bathroom, a half bath, and a spacious living area, while the upper unit -- currently used as an easily transferable income-producing short-term rental -- features a full kitchen, living room, 2 bedrooms, and a full bathroom. This property could be used as a generous primary residence, or capitalize on the potential of STRs, much-needed MTRs for healthcare professionals at nearby JMH, or LTRs for E&H students. Village District Zoning permits uses as business offices, retail, beauty/barber shops, and more; while special exception uses include daycares, rest/group homes, motels, restaurants, and more! With its diverse income-generating potential, the options are limitless!