Property profile

355 Albemarle Sq Charlottesville, VA 22901

OFF-MARKET
Specialty properties
6,200 SF
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Property summary

AI-generated overview

This exceptional 6,200 square foot free-standing building presents a unique opportunity for a restaurant or special purpose tenant. Located in Albemarle County on Seminole Trail/Route 29, this single-tenant property boasts unparalleled visibility and accessibility. Previously occupied by an Outback Steakhouse, the building benefits from its prime location within a thriving shopping center. Neighboring businesses include a Texas Roadhouse, a high-volume Aldi grocery store, and a leading health club, ACAC, ensuring a consistent flow of potential customers. The property's strategic position along Route 29, a major thoroughfare with exceptionally high traffic counts, guarantees maximum exposure. With five new tenants joining the nearly full shopping center, this location offers an ideal environment for growth and success. The property's APN is 491241917733. This is the only available restaurant space directly facing Route 29 in this highly desirable market, making it an exceptional investment opportunity. The entire 6,200 square feet is currently vacant and ready for immediate occupancy.

Property profile

Verified
Property type Specialty properties
Total area 6,200 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

355 Albemarle Sq Charlottesville, VA 22901
Charlottesville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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