201-239 Elliott Ave, Charlottesville, VA 22902

Listing agent Cliff Fox License #VA

Listing office Foxfyre Enterprises Inc

Listing date Jun 8, 2022

Source Crexi

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Overview

This 10.75-acre property in Charlottesville presents a rare opportunity for development. The site is located one mile from the University of Virginia and three blocks from the Downtown Mall. The new zoning allows unlimited density by right up to 8 stories, with the potential for up to 2 additional stories with the inclusion of affordable housing units. The property offers a significant infill development opportunity and is suitable for primary economic development and a tech campus. It also lends itself to superior mixed-use projects. The site currently has approximately 144,000 square feet of leased area, with various opportunities for land development and redevelopment. The Farmers' Market currently uses some of the open space seasonally. The seller is interested in 1031 and 721 exchange opportunities.

Suggested Use

Restaurant Real Estate Agency Building Supply Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Charlottesville

County

Charlottesville

State

Virginia

Longitude

-78.483924

Latitude

38.0242414

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FAQs

What type of property is this?

Commercial land - 10.75 acres near UVA with unlimited density zoning.

Where is this commercial land located?

The property is located at 201-239 Elliott Ave Charlottesville, VA.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Unlimited density by right up to 8 stories (up to 10 with affordable housing) due to new zoning.; Prime location: **1 mile from the University of Virginia and 3 blocks from the Downtown Mall.**; Significant infill development/redevelopment opportunities on 10.75 acres.