Charlottesville Commercial Property Near UVA

601 Cherry Ave, Charlottesville, VA 22903

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For Sale

$3,200,000

Expandable commercial property near UVA with strong rental income.

Type:Commercial

HighLights

High rental income of approximately $8000 per month.
Expandable lot allows for future development and increased investment potential.
Prime location: close proximity to UVA hospital and the University of Virginia.
Two existing commercial units provide immediate income stream.
High visibility and accessibility in Charlottesville.
High foot traffic area.

We can help!

Listing Contact

Travis Kidd

Learn more

For Sale

$3,200,000

Expandable commercial property near UVA with strong rental income.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 4:08 pm

Property Features for 601 Cherry Ave

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1966

We can help!

Listing Contact

Travis Kidd

Listing agent Travis Kidd License #0225257990

Listing office ERA Woody Hogg and Asociates

Listing date Apr 24, 2026

Source Elliman

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 ERA Woody Hogg and Asociates

HighLights

High rental income of approximately $8000 per month.
Expandable lot allows for future development and increased investment potential.
Prime location: close proximity to UVA hospital and the University of Virginia.
Two existing commercial units provide immediate income stream.
High visibility and accessibility in Charlottesville.
High foot traffic area.

Overview

This commercial property is located approximately one mile from the University of Virginia hospital and a short distance from the University of Virginia. The lot is expandable, offering the potential for additional construction. The property includes two commercial units, generating a rental income of approximately $8000 per month. The location provides high visibility and accessibility. The property is located in a high foot traffic area.

Location Intelligence

Current Use by Public Records

NY Fashions (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Charlottesville
County: Charlottesville
State: Virginia
Longitude: -78.4909529
Latitude: 38.02776

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For sale
Retail space
VA
Charlottesville
22903
601 Cherry Ave

What type of property is this?

Retail space - Expandable commercial property near UVA with strong rental income.

Where is this retail space located?

The property is located at 601 Cherry Ave Charlottesville, VA.

What is the asking price?

The asking price for this property is $3,200,000.

What are key features of this property?

This property features: High rental income of approximately $8000 per month.; Expandable lot allows for future development and increased investment potential.; Prime location: **close proximity to UVA hospital and the University of Virginia.**