401 E Market St Charlottesville, VA 22902
For Lease
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This Class A office building, located at 401 E Market St in Charlottesville, VA 22902, offers a prime location in the heart of the city. The 10,000 square foot building, constructed in 1957 and renovated in 1999, boasts a striking skylighted atrium connecting two buildings. Currently, one executive suite is available, measuring 375 square feet. This suite is part of a larger complex with a total of two suites. The building features a single hydraulic elevator and is conveniently located one block from the courthouses and the downtown pedestrian mall, across from a parking structure, and two blocks from another. Amenities include a central reception area, mail and package receiving, a large shared conference room, and a full kitchen. Optional add-ons for tenants include phone service with voicemail and internet access. The building's zoning is DH. This exceptional opportunity provides immediate access to the vibrant downtown Charlottesville area, offering unparalleled convenience and accessibility for businesses. The suite is part of a larger, unified structure exceeding 60,000 square feet, establishing it as a premier commercial office location.
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Enterprise Center Business Service Center Corporate Office
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Kaelber, Billmyer & Kaelber, LLC Tax Preparation
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Affiliated Spartan SR-22 Insurance Group Financial Advisor Insurance Agency
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FedEx Drop Box Postal Service Courier Service
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Thomas Long - Morgan Stanley Financial Advisor
DX Downtown Mixed Use INDUSTRIAL FLEX IX-5 Industrial Flex 5 IX-8 Industrial Flex 8 SPECIAL CM Campus CV Civic OVERLAY DISTRICTS -FHP Flood Hazard Protection -ADC Architectural Design Control -IPP Individual Protected Properties -HC Historic Conservation -EC Entrance Corridors -NC Core Neighborhood Corridors 2-1 CHARLOTTESVILLE, VA | CHAPTER 34 - DEVELOPMENT…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DX · Charlottesville, VADX Downtown Mixed Use INDUSTRIAL FLEX IX-5 Industrial Flex 5 IX-8 Industrial Flex 8 SPECIAL CM Campus CV Civic OVERLAY DISTRICTS -FHP Flood Hazard Protection -ADC Architectural Design Control -IPP Individual Protected Properties -HC Historic Conservation -EC Entrance Corridors -NC Core Neighborhood Corridors 2-1 CHARLOTTESVILLE, VA | CHAPTER 34 - DEVELOPMENT CODEADOPTED | DECEMBER 18, 2023 ARti Cl E 2. ZONING DISTRICTS Div. 2.1. Opening Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . 2-3 2.1.1. How to Use this Article.......................... 2-3 2.1.2. Applicability ................................... 2-4 Div. 2.2. Residential .................................. 2-6 2.2.1. Summary of Districts ........................... 2-6 2.2.2. R -A Residential A .............................. 2-8 2.2.3 . RN-A Residential Core Neighborhood A.......... 2-10 2.2. 4. R-B Residential B.............................. 2-12 2.2.5 . R-C Residential C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-14 Div. 2.3. Residential Mixed Use....................... 2-17 2.3.1. Summary of Districts .......................... 2-17 2.3 .2. RX-3 Residential Mixed Use 3 ................... 2-18 2.3 .3. RX-5 Residential Mixed Use 5 ................... 2-20 Div. 2.4. Corridor Mixed Use ......................... 2-23 2.4.1. Summary of Districts .......................... 2-23 2. 4.2. CX-3 Corridor Mixed Use 3..................... 2-2 4 2.4.3. CX-5 Corridor Mixed Use 5..................... 2-26 2. 4.4. CX-8 Corridor Mixed Use 8..................... 2-28 Div. 2.5. Node Mixed Use ............................ 2-31 2.5.1. Summary of Districts .......................... 2-31 2.5 .2. NX-3 Node Mixed Use 3 ....................... 2-32 2.5 .3. NX-5 Node Mixed Use 5 ....................... 2-34 2.5 .4. NX-8 Node Mixed Use 8 ....................... 2-36 2.5 .5. NX-10 Node Mixed Use 10 ..................... 2-38 2.5 .6. DX Downtown Mixed Use ...................... 2-40 Div. 2.6. Industrial Flex .............................. 2-43 2.6.1. Summary of Districts .......................... 2-43 2. 6.2. IX-5 Industrial Flex 5........................... 2-44 2. 6.3. IX-8 Industrial Flex 8........................... 2-46 2-2
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
