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    615 E High St Charlottesville, VA 22902

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    For Sale
    $1,100,000

    Rare investment property near Downtown Mall with income potential.

    Lot size:
    0.08 Acres

    Property Features for 615 E High St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1925

    Source: FRANK HARDY SOTHEBY'S INTERNATIONAL REALTY Agent ANDREW HARDY

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

    Overview

    Charlottesville Mixed-Use Investment Opportunity

    Located on East High Street in Charlottesville, this circa 1925 brick building presents an investment opportunity. The property is situated steps from Court Square and the Downtown Mall, offering walkability to dining and shopping. Currently configured as three residential units, the property offers income potential and could transition into office or mixed-use space. The location is minutes from the University of Virginia and surrounded by law firms, medical offices, and historic landmarks. Architectural details include high ceilings, heart pine floors, and stone jack arches. The building features 7-course American bond brickwork. Investors may also benefit from Rehabilitation Tax Credits through the Virginia Department of Historic Resources. The property is suitable for long-term rental income, a live-work conversion, or a commercial foothold.
    Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Realty agency Dental Office Restaurant Law Firm Spa & Massage 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
    -78.4761434
    Latitude
    38.0319101

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    FAQs

    What type of property is this?
    Live-work space - Rare investment property near Downtown Mall with income potential.
    Where is this live-work space located?
    The property is located at 615 E High St Charlottesville, VA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Charlottesville, steps from Court Square and the Downtown Mall.; - Strong income potential as a three-unit residential property.; - Adaptable space easily transitioned into office or mixed-use.
    (213) 458-4464
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    615 E High St 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
    615 E High St Charlottesville, VA 22902
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