715 Main St Charlottesville, VA 22903
- Turn key restaurants
- 2,875 SF
- 0.36 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 715 Main St
- Year built
- 1962
- Lot size
- 0.36 lot acres
- Property size
- 2,875 SF
- Zone code
- CX-5
- Property type
- Turn key restaurants
- APN
- 320151000
- APU
- 320151000
Description
This exceptional Charlottesville investment opportunity encompasses four buildings totaling 7,685 square feet situated on a 0.608-acre lot. Located at 715-731 West Main Street and 117 Cream Street, this property boasts a prime location near the University of Virginia, presenting significant redevelopment potential. The existing structures, built in 1920, are zoned WMEH, allowing for a five-story building with the possibility of expanding to seven stories. Detailed plans are available upon request. The current asking price is $5,900,000, translating to $767.73 per square foot. This presents a unique chance to capitalize on the high demand for student housing in the area, with potential for up to 168 beds. The property's four buildings are currently configured as retail space, offering a flexible canvas for a transformative project. The property's address includes 715 W Main St, 731 W Main St, and 117 Cream St, all in Charlottesville, VA 22903. Parcel numbers are 320151000
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
- Charlottesville City
- State
- Virginia
- Longitude
- -78.4904
- Latitude
- 38.0319
- CBSA code
- 16820
- CBSA name
- CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA
