1535-1636 Rio Rd E, Charlottesville, VA

Listing agent Debra Ramey License #VA 140281

Listing office The Shopping Center Group | Newport News Show Phone

Listing date Dec 7, 2023

Source Moodyscre

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Overview

This offering presents a redevelopment opportunity encompassing 42.29 acres. The ground lease for the land extends until April 30, 2076. The property is situated in a prime area suitable for a multi-use project. The existing mall is a single-story structure. The zoning is designated as PD-SC. The Home Depot will locate their store on the former Sears pad. The purchaser acquires all rights to construct or demolish improvements on the land. Belk Men's occupies 60,707 square feet under a lease agreement. The former JCPenney, totaling 96,052 square feet, and Belk Women's are excluded from the redevelopment offer.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

Location Insight

• Map
• Local Demand

City

Charlottesville

County

Charlottesville

State

Virginia

Longitude

-78.4744

Latitude

38.0781

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FAQs

What type of property is this?

Land - 42.29 acres of land for redevelopment in Charlottesville, VA.

Where is this land located?

The property is located at 1535-1636 Rio Rd E Charlottesville, VA.

What are key features of this property?

This property features: Prime area for redevelopment as a multi‑use project.; All rights to build/demolish improvements on the land to be acquired.; Home Depot will locate their store on the former Sears pad.