400 People Pl Charlottesville, VA 22911
- Specialty properties
- 50,000 SF
Current Use by Public Records
- Specialty properties
Property Details for 400 People Pl
- Property size
- 50,000 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
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.
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
- -78.4531
- Latitude
- 38.0334
