400 People Pl Charlottesville, VA 22911
This exceptional 4-acre, Class A commercial property, located at 400 People Place, offers a unique opportunity for build-to-suit or land lease development. The site is zoned NMD NEIGHBORHOOD MODEL DEVELOPMENT and boasts stunning views of Monticello and the Blue Ridge Mountains. The property includes a total of 50,000 square feet of potential building space, with a minimum divisible unit of 11,920 square feet and a maximum contiguous space of 51,231 square feet – currently entirely vacant. The site is part of Pantops Park, a two-phase development. Phase I, completed in 2008, houses Virginia National Bank. Phase II, where this opportunity resides, is designed to accommodate a variety of office, retail, and professional businesses within a four-story building. The development features a park-like plaza with walking paths and interconnected parking, providing 60 total parking spaces. This build-to-suit or land lease option presents a rare chance to establish a presence in a thriving, well-planned community with an attractive design and convenient amenities. The APN is 07800-00-00-01600.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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