522 2nd St SE, Charlottesville, VA 22902
17-acre development site includes 177,438 leasable sf and is zoned for substantial redevelopment options.
Property Features for 522 2nd St SE
General Information
Additional Details
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Investment Insights
Based on property information with market context.
Per the public remarks, the entire site is zoned to accommodate substantial redevelopment, including by-right unlimited residential units up to 8 stories, with additional height allowed through the inclusion of affordable units. The property is positioned in the center of Charlottesville, Virginia, about a mile from the University of Virginia and three blocks from the Charlottesville Downtown Mall.
The owners indicate they will consider 1031 and 721 exchanges. The remarks also note a farmer’s market has been operating on part of the 6.72-acre parcel for the past couple of growing seasons.
Key Highlights
- 17.47‑acre Ix Project development site in Charlottesville, VA (6.72 acres + adjacent 10.7519‑acre parcel).
- Approx. 177,438 leasable SF site as mixed‑use light industrial, commercial, and retail property.
- Zoned for substantial redevelopment, including by‑right unlimited residential units up to 8 stories; additional height with affordable units.
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Demographics for 22902, VA
Market
Vacancy Rate% for Industrial in South region