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Property profile & analytics
FOR LEASE
Grocery and convenience stores

1192 Richmond Rd Charlottesville, VA 22901

1,530 SF 0.88 ac lot Built 1999
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US87-0911851
Property summary
AI-generated overview

This exceptional opportunity presents a fully equipped, 4,431 square foot former Wendy's restaurant available for lease in the thriving Pantops area of Charlottesville, Virginia. The property boasts a highly desirable 2,508 square foot vacant space, perfectly suited for a fast-food operation. Its prime location at the intersection of Route 250 and Stony Point Road, alongside an Exxon gas station and a McDonald's, ensures high visibility and significant foot and vehicle traffic. The all-brick building benefits from its strategic placement within minutes of Interstate 64 and downtown Charlottesville, providing easy access for both local customers and commuters. The property is zoned for Highway Commercial use, making it ideal for a variety of fast-food or quick-service restaurant concepts. The existing infrastructure includes a fully operational drive-thru, significantly enhancing operational efficiency and customer convenience. This is a rare chance to establish a business in a bustling commercial area with excellent accessibility and high traffic volume. The property's location within the booming Route 250 Pantops area guarantees a strong customer base and significant growth potential. Don't miss this chance to secure a prime location in a thriving Charlottesville market.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1999
Total area 1,530 SF
Lot 0.88 ac (38,202 SF)
Zoning code HIGHWAY COMMERCIAL
APN 07800-00-00-00400
UPID US87-0911851
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wendy's Restaurant Take-out & Catering
  • The Market at Pantops Grocery & Convenience Store
  • Exxon Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Southern Property LLC
Southern Property LLC
1 recorded transaction
1969
Price N/A
Zoning & alternative use
HIGHWAY COMMERCIAL · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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