1600 Rio Rd Charlottesville, VA 22901
- Retail properties
- 1 SF
Current Use by Public Records
- Face Value Salon - Aveda / Hair Salon / Beauty Salon
- Beautiful Brows / Beauty Salon
- Chef Ralph's Place / American Restaurant / Soul Food Restaurant
- Tee Zone / Custom T-Shirt Store
- Charlottesville Fashion Square / Shopping Mall
Property Details for 1600 Rio Rd
- Property size
- 1 SF
- Property type
- Retail properties
Description
This exceptional 42-acre retail redevelopment opportunity in Albemarle County presents a unique investment prospect. Located at 1600 Rio Rd E, the property boasts a single-tenant building (1 sq ft) and includes two outparcels. The site is strategically positioned within the Rio 29 District, benefiting from exceptional access to Route 29 and Rio Hill Road, with multiple ingress and egress points facilitating convenient customer access. A significant component of this offering is the planned development of a Home Depot on the former Sears parcel, slated to open Spring 2025, significantly enhancing the area's retail landscape and driving increased foot traffic. This project offers approximately 23 additional acres available for further development, presenting a substantial expansion opportunity. The existing Belk Men's store will be integrated into the current Belk store, creating a more cohesive retail experience. The property is zoned for multi-use development, allowing for a diverse range of future uses. All necessary development rights are in place with the current owners, streamlining the development process and minimizing potential delays. This is a rare chance to capitalize on a prime retail location poised for significant growth within a thriving commercial district.
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
- -78.4748
- Latitude
- 38.0769
