Charlottesville Commercial Property Near
For Sale
$3,200,000
601 Cherry Avenue, Charlottesville, VA 22903
Expandable commercial property near UVA with strong rental income.
Property SizeContact for details
Days on Market138
Property Features for 601 Cherry Avenue
General Information
Standard status
Active
Zoning
CH
Amenities
One
yes
1
no
Electric, Forced Air, Heat Pump
Multi-Tenant
Public Sewer
Level
Community/Coop
0.65
Acres
City Street
Brick, Block
Building Details
Year Built
1966
Stories
1
Listed By:
804 Real Estate, LLC
(804) 477-8700
Source:
804realestate.idxbroker
Added: Apr 24
Changed: Sep 8
Last Checked: Sep 8 at 8:01AM
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 804 Real Estate, LLC
Investment Insights
Based on property information with market context.
This commercial property is located approximately one mile from the University of Virginia hospital and a short distance from the University of Virginia. The lot is expandable, offering the potential for additional construction. The property includes two commercial units, generating a rental income of approximately $8000 per month. The location provides high visibility and accessibility. The property is located in a high foot traffic area.
Key Highlights
- High rental income of approximately $8000 per month.
- Expandable lot allows for future development and increased investment potential.
- Prime location: close proximity to UVA hospital and the University of Virginia.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,230
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Hotels & Casinos 17%
Shops & Services 7%
Groceries 6%
McDonald's
Dining
26,847 visits/mo
0.5 miles
Residence Inn Charlottesville Downtown
Hotels & Casinos
3,383 visits/mo
0.4 miles
Exxon
Shops & Services
3,281 visits/mo
0.1 miles
Potbelly Sandwich Shop
Dining
2,626 visits/mo
0.4 miles
Virginia ABC
Groceries
2,559 visits/mo
0.3 miles
Demographics for 22903, VA
42,170
Population
17,642
Households
2.4
Avg Household Size
28
Median Age
65%
College-Educated
95%
High-School Grad
69.0 sq mi
ZIP Area
611
Density / Sq Mi
$64,352
Median Household Income
$33,607
Median Earnings
$1,479
Median Rent
$510,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Expandable commercial property near UVA with strong rental income.
Where is this retail space located?
The property is located at 601 Cherry Avenue Charlottesville, VA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: High rental income of approximately $8000 per month.; Expandable lot allows for future development and increased investment potential.; Prime location: **close proximity to UVA hospital and the University of Virginia.**
