Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    332-408 W Main St Charlottesville, VA 22902

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,765,000

    Rare development opportunity near UVa and Historic Downtown Mall.

    Lot size:
    0.54 Acres

    Property Features for 332-408 W Main St

    General Information

    Lot size
    0.54 Acres

    Source: Betts Commercial Realty Agent Carolyn Betts

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

    Overview

    Prime West Main Infill Parcels

    These prime infill parcels are located on West Main Street. An existing lease generates $10,000 per month until September 1, 2027. The new CX-5 zoning allows for development up to five stories by right, and up to seven stories with a bonus for additional affordable units. There are no density restrictions. The property is located within walking distance of the University of Virginia and the Historic Downtown Mall.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Charlottesville
    State
    Virginia
    Longitude
    -78.4863533
    Latitude
    38.0302109

    Nearby Similar for Sale

    • $675,000
      Pending

      Charlottesville Brick Ranch Duplex

      Income-producing duplex in Rugby area, convertible to single-family home.
      1514 Westwood Rd, Charlottesville, VA 22903
      View Details
    • $675,000
      Pending

      Charlottesville Brick Ranch Duplex

      Income-producing duplex in Rugby area, convert to single-family possible.
      1514 Westwood Rd, Charlottesville, VA 22903
      View Details
    • $675,000
      Pending

      Charlottesville Duplex with Income Potential

      Brick duplex in Rugby area with income-producing basement apartments.
      1514 Westwood Rd #A, Charlottesville, VA 22903
      View Details
    • $515,000
      1,800 SF

      Charlottesville Duplex with Strong Income

      Income-producing duplex near UVA with long-term tenants.
      301 Paton St, Charlottesville, VA 22903
      View Details
    • $845,000
      Pending

      Charlottesville Brick Duplex Near UVA

      Brick duplex with updated kitchens and baths, close to UVA.
      2405 Jefferson Park Ave, Charlottesville, VA 22903
      View Details
    • $650,000
      1,950 SF

      Charlottesville Duplex Near University

      Rented duplex near university with long-term tenant.
      821 Cabell Ave, Charlottesville, VA 22903
      View Details

    FAQs

    What type of property is this?
    Land - Rare development opportunity near UVa and Historic Downtown Mall.
    Where is this land located?
    The property is located at 332-408 W Main St Charlottesville, VA.
    What is the asking price?
    The asking price for this property is $3,765,000.
    What are key features of this property?
    This property features: - Existing lease generating $10,000/month until 9/1/2027.; - Rare development opportunity with new CX-5 zoning.; - Five stories by right, up to 7 stories with bonus for affordable units.
    (434) 242-3336
    Request Owner's contact information
    332-408 W Main St Charlottesville, VA 22902
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    332-408 W Main St
    Charlottesville, VA 22902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    332-408 W Main St Charlottesville, VA 22902
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.