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Net-Leased Historic Office Building
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206 W Market St, Charlottesville, VA 22902

Single-tenant, net-leased office building with a fully NNN structure and tenant-maintenance responsibility.

Property Size6,890 SF
Days on Market989

Property Features for 206 W Market St

General Information

Standard status Active
Size 6,890 SF
Property subtype OFFICE

Building Details

Tenancy Single
Listing Agency: Cushman & Wakefield | Thalhimer - Charlottesville
Listed By: Jenny Stoner
Source: Moodyscre
Added: Dec 28, 2023 Changed: Sep 6 Last Checked: Sep 12 at 6:30AM

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 Cushman & Wakefield | Thalhimer - Charlottesville

Investment Insights

Based on property information with market context.

This is a single-tenant, net-leased office building offered for sale. The property is described as a fully NNN lease, with the tenant responsible for all maintenance.

The building is identified as a unique historic downtown Charlottesville property with a long-term lease in place.

As a single-tenant asset, the occupancy is structured around one tenant under a net lease model, with ongoing maintenance responsibility allocated to the tenant under the fully NNN arrangement.

Key Highlights

  • Single‑tenant, net‑leased office building
  • Fully NNN lease structure with the tenant responsible for all maintenance
  • Long‑term lease with the tenant

Property Analytics

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Current Use

Common House Community Center Vinegar Hall at Common ... Hotel & Motel Orb Research Foundation

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Locksmith Storage Facility Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,884
Businesses Nearby

Demographics for 22902, VA

22,457
Population
12,134
Households
1.9
Avg Household Size
37
Median Age
57%
College-Educated
92%
High-School Grad
64.3 sq mi
ZIP Area
349
Density / Sq Mi
$91,162
Median Household Income
$52,555
Median Earnings
$1,572
Median Rent
$392,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Single-tenant, net-leased office building with a fully NNN structure and tenant-maintenance responsibility.
Where is this nnn property located?
The property is located at 206 W Market St Charlottesville, VA.
What are key features of this property?
This property features: Single‑tenant, net‑leased office building; Fully NNN lease structure with the tenant responsible for all maintenance; Long‑term lease with the tenant
(434) 234-8417 Call to check price and availability
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