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Office Units with Fiber Optic Service
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216-218 W Water St, Charlottesville, VA 22902

Flexible office suites with secure underground parking, fiber optic service, and access control systems on site.

Space Size4,374 SF
Days on Market908

Property Features for 216-218 W Water St

General Information

Standard status Active
Size 4,374 SF
Property subtype OFFICE

Spaces For Lease

at 216-218 W Water St
Waterhouse Building AVAILABLE, Now
Floor 4
Size 4,374 SF
Type OFFICE
Rate Contact for pricing
Sublease No
- Close proximity to everything the waterhouse building is located across from charlottesville’s downtown mall with multiple amenities within walking distance and beautiful views of monticello, the blue ridge mountains, and the charlottesville skyline and only a short distance from the highly acclaimed university of virginia, a public research university, power 5 conference member and home to the lawn, a famed UNESCO world heritage site. - 25,820 SF For Lease, purchase, or Joint Venture - Flexible suite sizes 4,000 SF – 20,450 SF - High end residential condos on 5th, 6th, 7th & 8th floors - Class A unique opportunity - Efficient water source heating system (cooling tower & boiler) - Expansive common area patios with downtown views - Fiber optic service on-site - Emergency generator & automatic switch gear - Secured underground parking decks with reserved spaces and bike racks - Two hydraulic elevators - Access control system
Contact us
Listing Agency: Colliers | Charlottesville
Listed By: Bartholomew McIntosh · License #VA 225221137
Source: Moodyscre
Added: May 7, 2024 Changed: Oct 25 Last Checked: Oct 30 at 5:24PM

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 Colliers | Charlottesville

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Investment Insights

Based on property information with market context.

Class A office units in a multi-level setting offering flexible suite sizes from 4,000 SF to 20,450 SF, with 25,820 SF available for lease, purchase, or joint venture. The space includes high-end residential condos on the 5th, 6th, 7th and 8th floors, along with expansive common area patios featuring downtown views.

The building is located across from Charlottesville’s downtown mall, within walking distance of multiple amenities, and offers views of Monticello, the Blue Ridge Mountains, and the Charlottesville skyline. It is also a short distance from the University of Virginia.

Operational and building systems include an efficient water source heating system with a cooling tower and boiler, fiber optic service on site, and emergency generator with automatic switch gear. Amenities and access features include secured underground parking decks with reserved spaces and bike racks, two hydraulic elevators, and an access control system.

Key Highlights

  • 25,820 SF available for lease, purchase, or joint venture
  • Flexible suite sizes range from 4,000 SF to 20,450 SF
  • Fiber optic service on site

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office Units

Suggested Use

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

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,514
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

Lease Benchmarks for Charlottesville, VA

$15.7 /SF/Yr
Avg Asking Price
$12–$25 /SF/Yr
Price Range
3,864 SF
Avg Space Size

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

Frequently Asked Questions

What type of property is this?
Office unit - Flexible office suites with secure underground parking, fiber optic service, and access control systems on site.
Where is this office unit located?
The property is located at 216-218 W Water St Charlottesville, VA.
What are key features of this property?
This property features: 25,820 SF available for lease, purchase, or joint venture; Flexible suite sizes range from 4,000 SF to 20,450 SF; Fiber optic service on site
(434) 284-4005 · Office Call to check price and availability
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