301 7th St SW Charlottesville, VA
Call to check price and availability
Two buildings with redevelopment potential near UVA and Downtown Mall.
Type:INDUSTRIAL
Lot size:
0.11 Acres- Added:
- Apr 16, 2024
- Days on Market:
- 740
- Last Refresh:
- Apr 5 at 8:48 pm
Property Features for 301 7th St SW
General Information
- Standard status
- Active
- Lot size
- 0.11 Acres
- Property subtype
- INDUSTRIAL
Listing agent Amy Mcleskey (434) 978-7900
Listing office THE NEW HOUSE COMPANY (434) 978-7900
Listing date Apr 16, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of THE NEW HOUSE COMPANY
Overview
Charlottesville Mixed-Use Redevelopment Opportunity
This offering includes two buildings and an adjacent vacant lot, presenting diverse possibilities due to recent zoning changes. Situated in a desirable location between the University of Virginia and the Downtown Mall, the property currently features two warehouse spaces, four apartments, and office spaces. The R-B zoning of the two separate parcels allows for up to 6 dwelling units per lot, potentially accommodating 12 units in total, subject to city guidelines. Additional units beyond the standard allowance may also be possible if specific criteria are met. The current non-conforming use status opens further opportunities, including commercial and warehouse applications within Charlottesville. The existing flex space is suitable for an owner-occupant, offering a blend of office, shop, and warehouse functionalities alongside rental units. The property offers potential for high cap rate. The adjacent vacant lot is ideal for parking.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Similar Places Nearby
- UVA Medical Records — Jefferson Park Medical Office Building, 1222 Jefferson Park Ave, Charlottesville, VA 22903
- City Center Storage — 933 Harris St, Charlottesville, VA 22903
- Glass Building Unit 112 — 313 2nd St SE Unit 112, Charlottesville, VA 22902
Location Insight
- Map
- Local Demand
- City
- Charlottesville
- County
- Charlottesville
- State
- Virginia
- Longitude
- -78.4891
- Latitude
- 38.0341
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Two buildings with redevelopment potential near UVA and Downtown Mall.
Where is this warehouse located?
The property is located at 301 7th St SW Charlottesville, VA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Prime location between UVA and Downtown Mall.; High investment potential with a cap rate that can easily reach 11.4%.; Zoning R‑B allows for up to 12 dwelling units (6 per lot) with potential for more.
