2401 Fontaine Ave Ext Charlottesville, VA 22903
- Land
- 0.42 lot acres
Current Use by Public Records
- Land
Property Details for 2401 Fontaine Ave Ext
- Lot size
- 0.42 lot acres
- Property type
- Land
Description
This exceptional 0.422-acre commercial land parcel at 2401 Fontaine Ave Ext, Charlottesville, VA 22903 presents a unique redevelopment opportunity. Located in a prime area with excellent visibility and easy access to Routes 29 and 64, the property boasts a CX-5 zoning designation. This allows for unlimited density and buildings up to seven stories high, with the potential for bonus units. A sample six-unit plat has already been completed, showcasing the potential for townhome or apartment development. The property currently includes a 3,600 square foot home, which is currently leased, adding to the immediate income potential. Its close proximity to the University of Virginia further enhances its desirability and investment potential. This is an exceptional opportunity for developers seeking a high-yield project in a thriving Charlottesville location. The property's size and zoning make it ideal for a variety of high-density residential projects. Serious inquiries are encouraged.
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
- -78.5187
- Latitude
- 38.0262
