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    200 Water St Charlottesville, VA 22902

    For Sale
    $949,500

    Prime location, 4,399 sq ft, vacant.

    Property size:
    4,399 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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 Features for 200 Water St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,399 SF

    Building Details

    Year Built
    1993
    Units
    4

    HighLights

    • 4,399 SF vacant executive office condo in Charlottesville, VA.
    • Ground floor location in the Water Street Parking Garage, offering high visibility and convenience.
    • One block from the Downtown Mall, providing excellent access to amenities.
    • Asking price: $949,500 ($215.84/SF).
    • Currently vacant, allowing for immediate occupancy and customization.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EVgo Charging Station Electric Vehicle Charging Station FedEx Drop Box Mailing Service Umma's Restaurant Water Street Parking ... Parking Garage Bicycle Rack Bicycle Rack

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.480847367811
    Latitude
    38.029690670294

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 4,399 sq ft, vacant.
    Where is this office property / space located?
    The property is located at 200 Water St Charlottesville, VA.
    What is the asking price?
    The asking price for this property is $949,500.
    What are key features of this property?
    This property features: 4,399 SF vacant executive office condo in Charlottesville, VA.; Ground floor location in the Water Street Parking Garage, offering high visibility and convenience.; One block from the Downtown Mall, providing excellent access to amenities.
    (434) 220-5656
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    Charlottesville, VA 22902
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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.

    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
    200 Water St Charlottesville, VA 22902
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