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    400 Main St Charlottesville, VA 22902

    Sponsored
    For Lease
    $18 SF/Yr ($18,667 /Mo)

    Historic District executive suites, 1,664-2,500 sqft

    Lot size:
    12,445 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This three-story, 12,445 square foot Class B office building, located in Charlottesville, Virginia's Historic District at 400 E Main St (corner of 4th St SE), offers two available suites. One 2,500 square foot space is available on the first floor, currently a shell space, conveniently located below the Virginia Credit Union and backing onto the Downtown Mall. The second available suite, totaling 1,664 square feet, is situated on the second floor and features a linear layout of individual offices, a large reception/open area, and a conference room. This floor also includes a shared restroom and kitchenette. Built in 1954 and renovated in 2002, the building sits on a 0.09-acre lot and is served by Dominion Power. Its Dh Downtown Corridor Mixed Use Historic zoning allows for diverse uses. The building's prime location offers exceptional accessibility, being just one block from the Water Street and Market Street parking garages and surrounded by numerous businesses in the financial, legal, and accounting sectors. The Downtown Mall, the area's second-largest retail district, is within walking distance, providing access to over 30 restaurants. The building's 4th Street entrance provides excellent visibility and convenient access. The property's APN is 280045000.

    Property Features for 400 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,445 SF
    Class
    B
    Total Rate
    18667.5

    Building Details

    Year Built/Renovated
    1954/2002
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 4
    Size
    1,664 SF
    Rate per SF
    $20
    Space
    Suite 1
    Size
    2,500 SF
    Rate per SF
    $18

    HighLights

    • Prime office space available on the Historic Downtown Mall.
    • Exceptional downtown location at the intersection of 4th Street and the Historic Downtown Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Virginia Credit Union ... Business Banking Service New Dominion Rose ... Garden Analytic Partners, LP Software Company Gaston Chinta Attorney

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.47939646
    Latitude
    38.02974497

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    FAQs

    What type of property is this?
    Office Property / Space - Historic District executive suites, 1,664-2,500 sqft
    Where is this office property / space located?
    The property is located at 400 Main St Charlottesville, VA.
    What is the lease rate?
    The lease rate is $18-$20 SF/Yr.
    What are key features of this property?
    This property features: Prime office space available on the Historic Downtown Mall.; Exceptional downtown location at the intersection of 4th Street and the Historic Downtown Mall.;
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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.

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    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
    400 Main St Charlottesville, VA 22902
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