Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    355 Albemarle Sq Charlottesville, VA 22901

    Sponsored
    For Lease
    $20 SF/Yr ($10,333 /Mo)

    High-traffic Route 29 restaurant space.

    Lot size:
    6,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 6,200 square foot free-standing building presents a unique opportunity for a restaurant or special purpose tenant. Located in Albemarle County on Seminole Trail/Route 29, this single-tenant property boasts unparalleled visibility and accessibility. Previously occupied by an Outback Steakhouse, the building benefits from its prime location within a thriving shopping center. Neighboring businesses include a Texas Roadhouse, a high-volume Aldi grocery store, and a leading health club, ACAC, ensuring a consistent flow of potential customers. The property's strategic position along Route 29, a major thoroughfare with exceptionally high traffic counts, guarantees maximum exposure. With five new tenants joining the nearly full shopping center, this location offers an ideal environment for growth and success. The property's APN is 491241917733. This is the only available restaurant space directly facing Route 29 in this highly desirable market, making it an exceptional investment opportunity. The entire 6,200 square feet is currently vacant and ready for immediate occupancy.

    Property Features for 355 Albemarle Sq

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,200 SF
    Total Rate
    10333.33

    Unit(s) available at that property

    Space
    Suite 355
    Size
    6,200 SF
    Rate per SF
    $20

    HighLights

    • 6,200 SF free‑standing commercial building.
    • Single‑tenant occupancy.
    • Located in Albemarle County, APN 491241917733.
    • Former Outback Steakhouse; prime Route 29 location with high traffic counts.
    • Adjacent to Texas Roadhouse, Aldi, and ACAC Fitness.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    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
    -78.4726636
    Latitude
    38.0827332

    Nearby Similar for Lease

    • $1.00 SF/Yr

      Charlottesville Restaurant with Drive-Thru

      Equipped restaurant with drive-thru in booming Charlottesville area.
      1192 Richmond Rd, Charlottesville, VA 22901
      View Details
    • $1,695 /Mo
      875 SF

      Charlottesville Duplex with Updated Interior

      Move-in ready 2BR/1BA duplex near UVA Medical Center and downtown.
      110 Olinda Dr, Charlottesville, VA 22903
      View Details
    • $2,295 /Mo
      1,578 SF

      Move-in Ready Townhome in Albemarle

      Pet-friendly 3BR townhome near UVA and Hollymead Town Center.
      3400 Moubry Ln, Charlottesville, VA 22911
      View Details
    • Contact for pricing

      Vibrant Shopping Center in Charlottesville

      Modern shopping destination with diverse retail and dining options.
      5th 5Th St SW, Charlottesville, VA 22902
      View Details
    • Contact for pricing
      1,735 SF

      New Mixed-Use Development Space

      Premier retail or office space in a mixed-use development.
      620 Riverside Shops Way, Charlottesville, VA
      View Details
    • Contact for pricing
      86,000 SF

      Class A Office Building

      86,000 SF Class A office space in downtown Charlottesville.
      815 E High St, Charlottesville, VA 22902
      View Details
    • $1.00 SF/Yr

      Prime Building Near I-64

      Stand-alone building on two acres, minutes from I-64.
      1791 Richmond Rd, Charlottesville, VA 22911
      View Details
    • Contact for pricing
      21,362 SF

      Class A Office Space

      Prime office space with mountain views and convenient parking.
      216-218 W Water St, Charlottesville, VA 22902
      View Details
    • $30 SF/Yr
      4,829 SF

      Class A Office Space Available

      Class A office space in park-like setting near I-64.
      675 Peter Jefferson Pkwy, Charlottesville, VA 22911
      View Details
    • $4,500 /Mo
      1,998 SF

      Renovated Cape Cod on Park

      Renovated Cape Cod near Downtown Charlottesville with modern updates.
      1125 Park St, Charlottesville, VA 22901
      View Details
    • Contact for pricing
      1,637 SF

      Retail and Office Spaces Available

      Multiple retail and office spaces for lease in Charlottesville, VA.
      3441-3449 Seminole Trl, Charlottesville, VA 22911
      View Details
    • Contact for pricing
      1,242 SF

      Retail and Office Spaces Available

      Multiple retail and office spaces for lease in Charlottesville, VA.
      1770 Timberwood Blvd, Charlottesville, VA 22911
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-traffic Route 29 restaurant space.
    Where is this restaurant located?
    The property is located at 355 Albemarle Sq Charlottesville, VA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 6,200 SF free-standing commercial building.; Single-tenant occupancy.; Located in Albemarle County, APN 491241917733.
    Request Owner's contact information
    355 Albemarle Sq Charlottesville, VA 22901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    355 Albemarle Sq
    Charlottesville, VA 22901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    355 Albemarle Sq Charlottesville, VA 22901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.