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    2223 India Rd Charlottesville, VA 22901

    Sponsored
    For Sale
    $930,000

    High-Value Dunkin' Site, 19,602 SF

    Property size:
    19,602 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.45-acre lot in Charlottesville, VA, presents a unique value-add investment opportunity. Currently housing a 19,602 square foot Dunkin' storefront at 2223 India Rd, this Class B property is priced at $930,000 ($47.44/sq ft). The property's strategic location, situated between a former Kmart and a Sherwin Williams, offers significant visibility and accessibility. Zoned HW, a new city ordinance allows for the addition of office or residential floors, expanding development potential. The property's single-tenant occupancy provides a stable income stream, while the value-add potential unlocks significant future growth. This is an ideal site for a single retail tenant or a mixed-use development. The address is 2223 India Rd, Charlottesville, VA 22901. An additional address associated with the property is 2035 India Rd, Charlottesville, VA 22901. The legal ownership is 100 Zan Road, LLC.

    Property Features for 2223 India Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    19,602 SF
    Class
    B
    Lot Size
    19,602 SF

    Building Details

    Units
    1

    HighLights

    • $930,000 asking price for a value‑add retail storefront.
    • 19,602 square foot building on a 0.45‑acre lot.
    • $47.44 per square foot.
    • Located at 2223 and 2035 India Rd, Charlottesville, VA 22901.
    • Currently vacant, suitable for single retail tenant.
    • Zoned HW; new city ordinances permit additional office or residential floors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -78.489551009201
    Latitude
    38.0623128666

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    FAQs

    What type of property is this?
    Individual retail property - High-Value Dunkin' Site, 19,602 SF
    Where is this individual retail property located?
    The property is located at 2223 India Rd Charlottesville, VA.
    What is the asking price?
    The asking price for this property is $930,000.
    What are key features of this property?
    This property features: $930,000 asking price for a value-add retail storefront.; 19,602 square foot building on a 0.45-acre lot.; $47.44 per square foot.
    Request Owner's contact information
    2223 India Rd Charlottesville, VA 22901
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    Charlottesville, VA 22901
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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
    2223 India Rd Charlottesville, VA 22901
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