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    201-239 Elliott Ave Charlottesville, VA 22902

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    For Sale
    Contact for pricing

    10.75 Acres, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10.75-acre property in Charlottesville, VA, presents a remarkable investment opportunity. Located between Monticello Avenue and Elliott Ave, this site boasts 516 feet of frontage and 1,499 feet of depth, offering excellent visibility and accessibility. The property includes two existing buildings: a large single-story structure and a 30,000 square foot, two-story warehouse, currently generating income from approximately 144,000 square feet of leased space. Zoned "DE" (Downtown Extended), the land allows for mixed-use development up to 101 feet in height and a density of 240 DUA, with potential for even greater density under proposed zoning changes. The site benefits from easy access to Interstate 64 and is conveniently located one mile from the University of Virginia and three blocks from the Downtown Mall. Utilities include electric, water, gas, sewer, storm drain, cable, broadband, and internet access. Easements are in place for electric lines, ingress/egress, and utilities. The topography is level. Tax Map IDs are 280208000 and 280208100. The seller is open to 1031 and 721 exchange opportunities. A Farmers' Market currently utilizes some open space seasonally. This infill site is ideal for primary economic development, a tech campus, or superior mixed-use projects. Detailed financial information is available upon request.

    Property Features for 201-239 Elliott Ave

    General Information

    Property type
    Individual retail properties
    Lot Size
    43,560 SF

    HighLights

    • Charlottesville MSA location.
    • Charlottesville City County.
    • City of Charlottesville taxing authority.
    • Tax ID/APN: 280208000 and 280208100.
    • DE (Downtown Extended) zoning, allowing mixed‑use development up to 101' height and 240 DUA density.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.4846477
    Latitude
    38.0228728

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    FAQs

    What type of property is this?
    Individual retail property - 10.75 Acres, Mixed-Use Potential
    Where is this individual retail property located?
    The property is located at 201-239 Elliott Ave Charlottesville, VA.
    What are key features of this property?
    This property features: Charlottesville MSA location.; Charlottesville City County.; City of Charlottesville taxing authority.
    Request Owner's contact information
    201-239 Elliott Ave Charlottesville, VA 22902
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    Charlottesville, VA 22902
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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
    201-239 Elliott Ave Charlottesville, VA 22902
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