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    1105 Carlton Ave Charlottesville, VA 22902

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    For Sale
    $2,250,000

    Prime location near Downtown with CX-3 mixed-use zoning.

    Property size:
    3,420 SF
    Lot size:
    0.33 Acres

    Property Features for 1105 Carlton Ave

    General Information

    Size
    3,420 SF
    Lot size
    0.33 Acres

    Source: FOUR CORNERS REAL ESTATE SOLUTIONS, LLC Agent Eddie Karoliussen

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

    Overview

    Belmont Mixed-Use Redevelopment Opportunity

    This property is situated in the heart of Belmont, near Downtown, with easy access to Interstate 64. The property, recently rezoned to CX-3 (Mixed-Use Commercial), offers a redevelopment opportunity with the ability to build up to 5 stories, allowing for flexible planning and design. The CX-3 zoning offers the versatility to meet various market demands, whether envisioning a multi-use commercial complex, residential lofts, or a mixed-use property. Belmont is experiencing significant growth, with new developments rapidly transforming the neighborhood. The property size is 3420 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sanger Carpentry, LLC General Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Charlottesville
    State
    Virginia
    Longitude
    -78.4716308
    Latitude
    38.0239657

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    FAQs

    What type of property is this?
    Commercial land - Prime location near Downtown with CX-3 mixed-use zoning.
    Where is this commercial land located?
    The property is located at 1105 Carlton Ave Charlottesville, VA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Belmont, near Downtown.; - Recently rezoned to CX-3 (Mixed-Use Commercial).; - Redevelopment opportunity with ability to build up to 5 stories.
    (434) 996-0310
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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
    1105 Carlton Ave Charlottesville, VA 22902
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