Commercial Land with Existing
For Sale
Contact for pricing
Pending
512 Ridge St, Charlottesville, VA 22902
Attached development land includes an existing over-and-under duplex and access from a city street.
Property SizeContact for details
Days on Market141
Property Features for 512 Ridge St
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
Real Estate III
(434) 465-0846
Listed By:
Tim Carson · License #VA 0225198839
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 12:52AM
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 Real Estate III
Investment Insights
Based on property information with market context.
Located at 512 Ridge St in Charlottesville, this commercial land offering includes an existing over-and-under duplex together with attached land for future development. The property is accessed from a city street, and architect plans plus a site plan are available upon request.
The property is within walking distance of the downtown Charlottesville Mall and a short drive from the University of Virginia. Following zoning changes enacted in 2024, the proposed development concept may accommodate 13 luxury townhomes or approximately 30 apartments, subject to applicable approvals. Property access is by appointment with agent knowledge or permission.
The property is within walking distance of the downtown Charlottesville Mall and a short drive from the University of Virginia. Following zoning changes enacted in 2024, the proposed development concept may accommodate 13 luxury townhomes or approximately 30 apartments, subject to applicable approvals. Property access is by appointment with agent knowledge or permission.
Key Highlights
- Commercial land with an existing over‑and‑under duplex
- Attached land supports a proposed future development concept
- 2024 zoning changes may allow 13 luxury townhomes or about 30 apartments
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,601
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Attached development land includes an existing over-and-under duplex and access from a city street.
Where is this commercial land located?
The property is located at 512 Ridge St Charlottesville, VA.
What are key features of this property?
This property features: Commercial land with an existing over‑and‑under duplex; Attached land supports a proposed future development concept; 2024 zoning changes may allow 13 luxury townhomes or about 30 apartments
