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    163 Community St Charlottesville, VA 22911

    Sponsored
    For Lease
    Contact for pricing

    Prime Charlottesville retail space, multiple units available.

    Lot size:
    300,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Class A, 300,000 square foot retail center, located at 163 Community St, Charlottesville, VA 22911, presents a unique investment opportunity. Built in 2005, the property sits on a 12.93-acre lot and is zoned PDMC. The center is anchored by Target and Harris Teeter, ensuring high foot traffic and visibility. Currently, there are multiple spaces available, ranging from a minimum of 1,365 square feet to a maximum contiguous space of 4,935 square feet, with a total of 13,146 square feet currently vacant. The property is situated in the Profit submarket within the Hollymead submarket cluster, offering excellent access and exposure. Ideal for a variety of retail or restaurant uses, this center provides a strong foundation for business growth. The property's location in Charlottesville, Virginia, offers a thriving market with a diverse population and strong consumer base. This is an exceptional opportunity to secure space in a well-established and highly visible retail center. The minimum divisible space is 1,365 square feet, providing flexibility for businesses of various sizes. The property's high-quality construction and prime location make it an attractive option for discerning tenants seeking a successful retail venture.

    Property Features for 163 Community St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    300,000 SF
    Class
    A

    Building Details

    Year Built
    2005

    Unit(s) available at that property

    Space
    Suite 14
    Size
    1,680 SF
    Space
    Suite 28
    Size
    4,935 SF
    Space
    Suite 4
    Size
    2,000 SF
    Space
    Suite 20B
    Size
    3,166 SF

    HighLights

    • Class A, 300,000 SF retail center in Charlottesville, VA.
    • Anchored by Target and Harris Teeter, with 13,146 SF currently available in spaces ranging from 1,365 SF to 4,935 SF.
    • High traffic counts (39,000 VPD) and strong restaurant sales.
    • Harris Teeter draws over 16,400 customers weekly; only Target within 30 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hollymead Town Center Restaurant Starbucks Coffee Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.44302756
    Latitude
    38.1268572

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Charlottesville retail space, multiple units available.
    Where is this lifestyle center located?
    The property is located at 163 Community St Charlottesville, VA.
    What are key features of this property?
    This property features: Class A, 300,000 SF retail center in Charlottesville, VA.; Anchored by Target and Harris Teeter, with 13,146 SF currently available in spaces ranging from 1,365 SF to 4,935 SF.; High traffic counts (39,000 VPD) and strong restaurant sales.
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    Charlottesville, VA 22911
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    163 Community St Charlottesville, VA 22911
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