201-239 Elliott Ave Charlottesville, VA 22902
- Retail properties
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 201-239 Elliott Ave
- Lot size
- 1.00 lot acres
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional 10.75-acre property in Charlottesville, VA, presents a remarkable investment opportunity. Located between Monticello Avenue and Elliott Ave, this site boasts 516 feet of frontage and 1,499 feet of depth, offering excellent visibility and accessibility. The property includes two existing buildings: a large single-story structure and a 30,000 square foot, two-story warehouse, currently generating income from approximately 144,000 square feet of leased space. Zoned "DE" (Downtown Extended), the land allows for mixed-use development up to 101 feet in height and a density of 240 DUA, with potential for even greater density under proposed zoning changes. The site benefits from easy access to Interstate 64 and is conveniently located one mile from the University of Virginia and three blocks from the Downtown Mall. Utilities include electric, water, gas, sewer, storm drain, cable, broadband, and internet access. Easements are in place for electric lines, ingress/egress, and utilities. The topography is level. Tax Map IDs are 280208000 and 280208100. The seller is open to 1031 and 721 exchange opportunities. A Farmers' Market currently utilizes some open space seasonally. This infill site is ideal for primary economic development, a tech campus, or superior mixed-use projects. Detailed financial information is available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Charlottesville
- County
- Albemarle
- State
- Virginia
- Longitude
- -78.4846
- Latitude
- 38.0229
