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    501-507 E Water St Charlottesville, VA 22902

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    For Sale
    $425,000

    Unique retail or office space in a desirable downtown building.

    Property size:
    1,075 SF
    Lot size:
    0.39 Acres

    Property Features for 501-507 E Water St

    General Information

    Size
    1,075 SF
    Lot size
    0.39 Acres

    Source: BROWNFIELD REALTY ADVISORS INC Agent Edward Brownfield

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Charlottesville Retail/Office Space

    This property presents a unique opportunity for retail or office use in downtown Charlottesville. Situated in The Holsinger, a newer building in the area, this space is suitable for a boutique retail shop, consulting practice, or professional office. Currently used as a law office, the property offers approximately 1075 square feet of space. The building is about 15 years old and features modern systems, including updated HVAC, wiring, and plumbing. A deeded parking space in the building’s private garage is included.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Charlottesville
    State
    Virginia
    Longitude
    -78.4786006
    Latitude
    38.0293704

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    FAQs

    What type of property is this?
    Office space - Unique retail or office space in a desirable downtown building.
    Where is this office space located?
    The property is located at 501-507 E Water St Charlottesville, VA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Prime downtown Charlottesville location in the desirable Holsinger building.; - Enjoy the convenience of a deeded parking space in a private garage.; - Suitable for retail or office use.
    (434) 981-0045
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    501-507 E Water St Charlottesville, VA 22902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501-507 E Water St Charlottesville, VA 22902
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