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Property profile & analytics
OFF-MARKET Estimated value $6,705,000
Parking lots & garages

200 Water St Charlottesville, VA 22902-5238

336,750 SF 1.99 ac lot Built 1993
Entity Owned Free & Clear
Property ID
US87-1699472
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1993
Total area 336,750 SF
Lot 1.99 ac (86,467 SF)
Zoning code DX
APN 280061000
UPID US87-1699472
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • EVgo Charging Station Electric Vehicle Charging Station
  • FedEx Drop Box Postal Service Courier Service
  • Umma's Restaurant
  • Water Street Parking Garage Parking Lot & Garage
  • Bicycle Rack Bicycle Rack
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.71M
Owner & transaction history
CHARLOTTESVILLE PARKING CENTER, INC
CHARLOTTESVILLE PARKING CENTER, INC
Zoning & alternative use
DX · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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