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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.

Property Size4,374 SF
Days on Market816

Property Features for 216-218 W Water St

General Information

Standard status Active
Size 4,374 SF
Property subtype OFFICE
Listing Agency: Colliers | Charlottesville
Listed By: Bartholomew McIntosh · License #VA 225108853
Source: Moodyscre
Added: May 7, 2024 Changed: Jul 30 Last Checked: Jul 30 at 3:46AM

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

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

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.

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

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 - Flexible office suites with secure underground parking, fiber optic service, and access control systems on site.
Where is this office units 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 Call to check price and availability
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