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Class A Office Space
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216-218 W Water St, Charlottesville, VA

Prime office space with mountain views and convenient parking.

Property Size21,362 SF
Lot Size0.71 Acres
Price / SF$152.84
Days on Market863

Property Features for 216-218 W Water St

General Information

Standard status Active
Size 21,362 SF
Lot size 0.71 Acres
Property subtype OFFICE
Listing Agency: COMPASS-Glenwood Station
Listed By: Chris Kabbash · License #VA 225108853
Source: Moodyscre
Added: Mar 26, 2024 Changed: Jul 6 Last Checked: Jul 21 at 5:20AM

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 COMPASS-Glenwood Station

Investment Insights

Based on property information with market context.

This Class A office space, totaling 21,362 square feet, is situated in close proximity to Charlottesville's downtown mall, offering convenient access to numerous amenities. The location provides views of Monticello, the Blue Ridge Mountains, and the Charlottesville skyline. It is also a short distance from the University of Virginia. The building features a minimal core factor, an efficient water source heating system with a cooling tower and boiler, and expansive exterior patios. Fiber optic service is available on-site, along with an emergency generator and automatic switch gear. Secured underground parking decks offer 90 reserved spaces, as well as bike racks. The building is equipped with two hydraulic elevators and an access control system. High-end residential condos occupy the 6th, 7th, and 8th floors.

Key Highlights

  • Prime location across from Charlottesville's Downtown Mall with walkable amenities and views of Monticello, the Blue Ridge Mountains, and the Charlottesville skyline.
  • Secured underground parking with 90 reserved spaces and bike racks.
  • Efficient water source heating system (cooling tower & boiler).

Property Analytics

Current Use

Office Units

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

3,514
Businesses Nearby

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?
Office units - Prime office space with mountain views and convenient parking.
Where is this office units located?
The property is located at 216-218 W Water St Charlottesville, VA.
What is the asking price?
The asking price for this property is $3,265,000.
What are key features of this property?
This property features: Prime location across from Charlottesville's Downtown Mall with walkable amenities and views of Monticello, the Blue Ridge Mountains, and the Charlottesville skyline.; Secured underground parking with 90 reserved spaces and bike racks.; Efficient water source heating system (cooling tower & boiler).
(434) 566-1978 Call to check price and availability
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