200 Water St Charlottesville, VA 22902-5238
This exceptional investment opportunity presents a 4,399 square foot vacant executive office condo located at 200 E Water Street in Charlottesville, Virginia. The property, built in 1993, is situated on the ground floor of the Water Street Parking Garage, offering unparalleled convenience and visibility. This prime location places it just one block from the vibrant Downtown Mall, providing easy access to a diverse range of amenities including restaurants, coffee shops, breweries, and entertainment venues. The space is comprised of four units: Units C11-C14 totaling 3,493 square feet and Unit C15 encompassing 906 square feet. The asking price is $949,500, translating to $215.84 per square foot. This presents a unique chance to acquire a substantial and well-positioned commercial property in a thriving downtown area. The property is currently vacant, allowing for immediate occupancy and customization to suit a variety of business needs. This is an excellent opportunity for investors seeking a strong return in a desirable location. The property's proximity to the Downtown Mall ensures high foot traffic and visibility, making it an ideal location for a variety of businesses. Don't miss this chance to own a piece of Charlottesville's vibrant downtown core.
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EVgo Charging Station Electric Vehicle Charging Station
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FedEx Drop Box Postal Service Courier Service
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Umma's Restaurant
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Water Street Parking Garage Parking Lot & Garage
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Bicycle Rack Bicycle Rack
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, VACharlottesville. Always verify with local authorities before improvements.
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.