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    113-115 Maury Ave Charlottesville, VA 22903

    Sponsored
    For Lease
    Contact for pricing

    Prime Charlottesville retail space, near UVA.

    Lot size:
    13,123 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Charlottesville, Virginia property, located at 113-115 Maury Ave, zip code 22903, offers a rare opportunity for retail or restaurant businesses. The 13,123 square foot building, constructed in 1986 and extensively renovated in 2023, features four suites with a minimum divisible space of 2,475 square feet and a maximum contiguous space of 4,476 square feet. One space is currently available. The building is classified as Class C and is zoned DCC. The property boasts 21 parking spaces, a significant advantage in this high-demand area. Its location within the historic Fry's Spring neighborhood provides excellent visibility and accessibility. The recent façade and exterior renovations enhance the property's curb appeal. Furthermore, its proximity to Fontaine Research Park, a 54-acre multi-use research park, ensures a steady flow of potential customers. This location offers exceptional access to the University of Virginia and its vibrant community. The property is situated in the Charlottesville submarket and submarket cluster. This is an exceptional opportunity to establish or expand a business in a thriving Charlottesville location.

    Property Features for 113-115 Maury Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,123 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1986/2023

    Unit(s) available at that property

    Space
    Size
    2,832 SF

    HighLights

    • Prime location, walking distance to UVA Scott Stadium, dorms, and academic grounds.
    • Excellent tenant pool comprised of students and permanent residents.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sbrocco’s Donuts and Espresso Coffee Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.515604591864
    Latitude
    38.02682885342

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    FAQs

    What type of property is this?
    Restaurant - Prime Charlottesville retail space, near UVA.
    Where is this restaurant located?
    The property is located at 113-115 Maury Ave Charlottesville, VA.
    What are key features of this property?
    This property features: Prime location, walking distance to UVA Scott Stadium, dorms, and academic grounds.; Excellent tenant pool comprised of students and permanent residents.;
    Request Owner's contact information
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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
    113-115 Maury Ave Charlottesville, VA 22903
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