306 Jefferson StCharlottesville, VA 22903

Property Details for 306 Jefferson St

Year built

1900

Lot size

0.05 AC

Property size (Sq ft)

3,563 SF

Zone code

DX

Property type

Office properties

Property subtype

Other office properties

APN

330208000

APU

330208000

Description

This exceptional office space, located at 306 East Jefferson Street in Charlottesville City, offers a unique blend of historic charm and modern functionality. The building, a Class B property with a "DH Downtown Corridor Mixed Use Historic" zoning designation, boasts a total of 3,402 square feet, with 1,300 square feet currently available for lease. The space is adaptable to various needs, suitable for executive offices, traditional office setups, creative office environments, medical practices, or even coworking arrangements. The layout includes three individual offices and a reception area, bathed in natural light from large windows facing four directions. The property's historic character is complemented by modern conveniences, including two dedicated parking spaces – a rare find in the vibrant downtown area. The available space ranges from approximately 1,300 to 1,400 square feet, offering flexibility for businesses of varying sizes. The property's APN is 330208000. This is a multi-tenant building situated in a prime downtown location, offering easy access to local amenities and a thriving business community. The building's rich history and desirable location make it an ideal space for businesses seeking a prestigious and functional office environment. Serious inquiries are encouraged to explore the possibilities of this unique Charlottesville office opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $848,030

  6.5%

  $782,797

  7%

  $726,883

• Comparable approach

  Method

  Valuation

  Relative Method

  $712,386

  Geo Method

  $712,386

• Alternative Use

  Use

  Valuation

  Residential

  $970,669

  Hospitality

  $889,127

  Educational

  $739,744

  Medical

  $765,184

  Retail

  $1,150,712

Location Insight

City

Charlottesville

County

Charlottesville City

State

Virginia

Latitude

38.0315

Longitude

-78.4787

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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