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    206 11Th St NE Charlottesville, VA 22902

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    For Sale
    Contact for pricing

    Development site in Charlottesville, VA, suitable for residential use.

    Lot size:
    0.58 Acres

    Property Features for 206 11Th St NE

    General Information

    Lot size
    0.58 Acres

    Source: Colliers | Charlottesville Agent Robert Stockhausen

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

    Overview

    Charlottesville Development Site For Sale

    Located in the Downtown extended corridor area of Charlottesville, VA, this development site encompasses approximately 0.584 acres of land. The properties are zoned CX-5, allowing for a variety of development options. A preliminary design proposes the construction of approximately 85 to 100 residential units, including 10 affordable units, with 90 parking spaces. The existing building at 1101 E. Market St is slated for renovation for non-residential use. The proposed development includes one story of underground parking and five stories of apartments on both E. Market St and 11th St N.E., reaching a total height of 55 feet. The zoning allows for a maximum of 5 stories and 72 feet in height, with no density restrictions. The maximum building width is 275 feet, and the minimum lot width is either 15 or 40 feet. A 5,000 square foot recreation area is planned for the roof of the apartments along E. Market St.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -78.471735
    Latitude
    38.0287766

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    FAQs

    What type of property is this?
    Commercial land - Development site in Charlottesville, VA, suitable for residential use.
    Where is this commercial land located?
    The property is located at 206 11Th St NE Charlottesville, VA.
    What are key features of this property?
    This property features: - Development site in Downtown Charlottesville, VA with potential for 85-100 units.; - Zoning CX-5 with no density restrictions, allowing for flexible development options.; - Approved for a **5-story building with a maximum height of 72 feet.**
    (434) 974-7377
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    206 11Th St NE Charlottesville, VA 22902
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    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
    206 11Th St NE Charlottesville, VA 22902
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