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NX-8 Multifamily Development Site
New
For Sale
$1,200,000

922 E JEFFERSON ST, Charlottesville, VA 22902

NX-8 zoning supports multifamily, office, retail, and other mixed-use redevelopment options.

Property SizeContact for details
Days on Market5

Property Features for 922 E JEFFERSON ST

General Information

Standard status Active
Property subtype Multi Family
Zoning NX-8

Additional Details

Land Use residential, office, retail, mixed-use, commercial

Taxes and HOA fees

Annual Taxes $11,337
Listing Agency: NEST REALTY GROUP
Listed By: ROBERT HEADRICK · License #0225068474
Source: Nestrealty
Added: Sep 21 Changed: Sep 23 Last Checked: Sep 24 at 6:52PM

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 NEST REALTY GROUP

Investment Insights

Based on property information with market context.

Located at 922 E Jefferson St in Charlottesville, this multifamily development property is zoned NX-8, or Node Mixed Use 8. The district supports residential, office, retail, and other mixed-use or commercial development, with no maximum dwelling-unit count per lot and no specified maximum building coverage.

Base development standards allow buildings up to 8 stories and 114 feet, with the possibility of reaching 11 stories and 156 feet through the applicable affordable-dwelling-unit bonus, subject to City requirements. At least 10% of the lot must be designated for outdoor amenity space. Parking is not allowed in front or side-street yards but may be placed in side and rear yards. Zoning, permitted uses, density, height, parking, and other development standards should be confirmed with the City of Charlottesville.

Key Highlights

  • NX‑8 (Node Mixed Use 8) zoning
  • Supports residential, office, retail, and other mixed‑use or commercial uses
  • No maximum number of dwelling units per lot specified in the NX‑8 district

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Storage Facility Clothing & Fashion Store

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

3,551
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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - NX-8 zoning supports multifamily, office, retail, and other mixed-use redevelopment options.
Where is this multifamily property located?
The property is located at 922 E JEFFERSON ST Charlottesville, VA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: NX‑8 (Node Mixed Use 8) zoning; Supports residential, office, retail, and other mixed‑use or commercial uses; No maximum number of dwelling units per lot specified in the NX‑8 district
More about this property
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