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    2401 Fontaine Ave Ext Charlottesville, VA 22903

    Sponsored
    For Sale
    Contact for pricing

    Prime Charlottesville redevelopment site, 0.422 acres, high-density zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.422-acre commercial land parcel at 2401 Fontaine Ave Ext, Charlottesville, VA 22903 presents a unique redevelopment opportunity. Located in a prime area with excellent visibility and easy access to Routes 29 and 64, the property boasts a CX-5 zoning designation. This allows for unlimited density and buildings up to seven stories high, with the potential for bonus units. A sample six-unit plat has already been completed, showcasing the potential for townhome or apartment development. The property currently includes a 3,600 square foot home, which is currently leased, adding to the immediate income potential. Its close proximity to the University of Virginia further enhances its desirability and investment potential. This is an exceptional opportunity for developers seeking a high-yield project in a thriving Charlottesville location. The property's size and zoning make it ideal for a variety of high-density residential projects. Serious inquiries are encouraged.

    Property Features for 2401 Fontaine Ave Ext

    General Information

    Property type
    Land
    Lot Size
    18,382 SF

    HighLights

    • Excellent location near the University of Virginia.
    • High visibility and convenient access from Routes 29 and 64.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.518732206206
    Latitude
    38.026236888959

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    FAQs

    What type of property is this?
    Land - Prime Charlottesville redevelopment site, 0.422 acres, high-density zoning.
    Where is this land located?
    The property is located at 2401 Fontaine Ave Ext Charlottesville, VA.
    What are key features of this property?
    This property features: Excellent location near the University of Virginia.; High visibility and convenient access from Routes 29 and 64.;
    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
    2401 Fontaine Ave Ext Charlottesville, VA 22903
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