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Charlottesville Land with Development Potential
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201-239 Elliott Ave, Charlottesville, VA 22902

10.75 acres near UVA with unlimited density zoning.

Property SizeContact for details
Lot Size10.75 Acres
Days on Market1558

Property Features for 201-239 Elliott Ave

General Information

Standard status Active
Lot size 10.75 Acres
Property subtype Mixed Use, Land
Zoning NX-8, Node; Mixed Use
Listing Agency: Foxfyre Enterprises Inc
Listed By: Cliff Fox · License #VA
Source: Crexi
Added: Jun 8, 2022 Changed: Sep 4 Last Checked: Sep 12 at 4:18AM

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 Foxfyre Enterprises Inc

Investment Insights

Based on property information with market context.

This 10.75-acre property in Charlottesville presents a rare opportunity for development. The site is located one mile from the University of Virginia and three blocks from the Downtown Mall. The new zoning allows unlimited density by right up to 8 stories, with the potential for up to 2 additional stories with the inclusion of affordable housing units. The property offers a significant infill development opportunity and is suitable for primary economic development and a tech campus. It also lends itself to superior mixed-use projects. The site currently has approximately 144,000 square feet of leased area, with various opportunities for land development and redevelopment. The Farmers' Market currently uses some of the open space seasonally. The seller is interested in 1031 and 721 exchange opportunities.

Key Highlights

  • Unlimited density by right up to 8 stories (up to 10 with affordable housing) due to new zoning.
  • Prime location: 1 mile from the University of Virginia and 3 blocks from the Downtown Mall.
  • Significant infill development/redevelopment opportunities on 10.75 acres.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Building Supply Storage Facility Big Box & Wholesale Store Auto Parts Store Pet Grooming Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,153
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - 10.75 acres near UVA with unlimited density zoning.
Where is this commercial land located?
The property is located at 201-239 Elliott Ave Charlottesville, VA.
What is the asking price?
The asking price for this property is $51,672,638.
What are key features of this property?
This property features: Unlimited density by right up to 8 stories (up to 10 with affordable housing) due to new zoning.; Prime location: **1 mile from the University of Virginia and 3 blocks from the Downtown Mall.**; Significant infill development/redevelopment opportunities on 10.75 acres.
(434) 823-7500 Call to check price and availability
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