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Class A Office Unit with Skyline Views
For Lease
$1,107/Mo

550 E Water St, Charlottesville, VA 22902

Professional office space with high ceilings, abundant natural light, and refined interior finishes.

Space SizeContact for details
Days on Market110

Property Features for 550 E Water St

General Information

Standard status Active
Class A
Property subtype Office

Additional Details

Space Use Office
Listing Agency: Charlottesville
Listed By: Bart McIntosh · License #225221137
Source: Colliers
Added: May 14 Changed: Aug 30 Last Checked: Aug 30 at 12:52PM

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 Charlottesville

Investment Insights

Based on property information with market context.

This 1,107-square-foot office unit is located within The 550, a Class A mixed-use building. The suite is defined by elevated ceilings, substantial natural light, and a professionally finished interior designed for a polished workplace setting.

The property sits at 550 E Water St in Charlottesville, across from the Downtown Mall. Restaurants, services, and other amenities are within walking distance, while the office provides views toward the Blue Ridge Mountains and the Charlottesville skyline.

Key Highlights

  • 1,107‑square‑foot office unit in The 550 mixed‑use building
  • Class A building across from Charlottesville’s Downtown Mall
  • High ceilings and extensive natural light

Property Analytics

Current Use

Bank of the James Mortgage ... Loan Service Foxhaven Asset Management Financial Advisor ATM Bank of the James Atm Bank of the James - Business ... Bank Bank of the James - Charlottesville ... Bank

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith Storage Facility Clothing & Fashion Store Dental Office

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,836
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

Lease Benchmarks for Charlottesville, VA

$13.38 /SF/Yr
Avg Asking Price
$12–$17.5 /SF/Yr
Price Range
4,570 SF
Avg Space Size

This space is priced 10% below the average of $13.38 /SF/Yr.

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 - Professional office space with high ceilings, abundant natural light, and refined interior finishes.
Where is this office units located?
The property is located at 550 E Water St Charlottesville, VA.
What is the lease rate?
The lease rate is $1,107/Mo.
What are key features of this property?
This property features: 1,107‑square‑foot office unit in The 550 mixed‑use building; Class A building across from Charlottesville’s Downtown Mall; High ceilings and extensive natural light
More about this property
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