600 Water StCharlottesville, VA 22902

Property Details for 600 Water St

Year built

1890

Lot size

0.54 AC

Property size (Sq ft)

15,524 SF

Zone code

NX-10

Property type

Office properties

APN

530162100

APU

530162100

Description

This exceptional office space at 600 East Water Street offers two available suites, ranging from 892 to 2,469 square feet. Located just one block from the vibrant Downtown Mall, this property boasts a highly desirable address in the City of Charlottesville submarket. The suites feature beautiful, well-lit interiors with extensive glass exteriors, maximizing natural light. Tenants will appreciate the well-maintained interior and exterior spaces, contributing to a professional and comfortable work environment. Each suite includes convenient interior kitchenettes and restrooms. Parking is readily available, with several spaces in an onsite lot, and the property is in close proximity to the Market and Water Street parking garages, ensuring easy access for employees and clients. This is a rare opportunity to secure prime office space in a thriving downtown location. The multiple tenancy structure allows for flexibility, making it ideal for businesses of various sizes. Contact us today to schedule a viewing and secure your space in this sought-after Charlottesville location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,694,871

  6.5%

  $3,410,650

  7%

  $3,167,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,103,868

  Geo Method

  $3,103,868

• Alternative Use

  Use

  Valuation

  Residential

  $4,229,206

  Hospitality

  $3,873,930

  Educational

  $3,223,064

  Medical

  $3,333,911

  Retail

  $5,013,656

Location Insight

City

Charlottesville

County

Charlottesville City

State

Virginia

Latitude

38.0288

Longitude

-78.4775

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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