Listing Agency: Betts Commercial Realty

Listed By: Carolyn Betts Show Phone

Source: Moodyscre

Added: Oct 20, 2025 Changed: Aug 9 Last Checked: Sep 1 at 11:01PM

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Investment Insights

Based on property information with market context.

These prime infill parcels are located on West Main Street. An existing lease generates $10,000 per month until September 1, 2027. The new CX-5 zoning allows for development up to five stories by right, and up to seven stories with a bonus for additional affordable units. There are no density restrictions. The property is located within walking distance of the University of Virginia and the Historic Downtown Mall.

Key Highlights

• Existing lease generating $10,000/month until 9/1/2027.
• Rare development opportunity with new CX‑5 zoning.
• Five stories by right, up to 7 stories with bonus for affordable units.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

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

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

4,883

Businesses Nearby

Explore this area Business Placement

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Land - Rare development opportunity near UVa and Historic Downtown Mall.

Where is this land located?

The property is located at 332-408 W Main St Charlottesville, VA.

What is the asking price?

The asking price for this property is $3,765,000.

What are key features of this property?

This property features: Existing lease generating $10,000/month until 9/1/2027.; Rare development opportunity with new CX‑5 zoning.; Five stories by right, up to 7 stories with bonus for affordable units.