2223 India Rd Charlottesville, VA 22901
This exceptional 0.45-acre lot in Charlottesville, VA, presents a unique value-add investment opportunity. Currently housing a 19,602 square foot Dunkin' storefront at 2223 India Rd, this Class B property is priced at $930,000 ($47.44/sq ft). The property's strategic location, situated between a former Kmart and a Sherwin Williams, offers significant visibility and accessibility. Zoned HW, a new city ordinance allows for the addition of office or residential floors, expanding development potential. The property's single-tenant occupancy provides a stable income stream, while the value-add potential unlocks significant future growth. This is an ideal site for a single retail tenant or a mixed-use development. The address is 2223 India Rd, Charlottesville, VA 22901. An additional address associated with the property is 2035 India Rd, Charlottesville, VA 22901. The legal ownership is 100 Zan Road, LLC.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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