206 W Market St Charlottesville, VA 22902
Property profile & analytics
206 W Market St Charlottesville, VA 22902
- Office properties & Spaces
- 6,890 SF
- 0.10 lot acres
Property ID
US87-1700599
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Common House / Community Center
- Vinegar Hall at Common House / Hotel & Motel / Resort
- Orb / Research Foundation
Property Details for 206 W Market St
- Year built
- 1913
- Lot size
- 0.10 lot acres
- Property size
- 6,890 SF
- Zone code
- DX
- Property type
- Office properties & Spaces
- APN
- 330270000
- APU
- 330270000
Description
This exceptional Class A, 7,500 square foot creative office building is located at 206 W Market St in Charlottesville, VA's Historic Downtown Mall. The two-story building, completely renovated in 2016, features a unique design and boasts a rooftop bar with a solar canopy. Currently occupied by the flagship Common House location under a brand new 10-year, fully triple net (NNN) lease, this property offers a secure investment opportunity. The lease guarantees $230,000 in annual net rent, with the tenant responsible for all taxes, insurance, building maintenance, and expenses. The landlord's responsibility is limited to the building shell and roof, both new since 2016. The 0.1-acre lot is zoned DH (DX - Future Zoning). Common House, a thriving social club with over 1,200 local members, includes a full-service restaurant, two bars, event spaces, co-working areas, and lounge spaces. This single-tenant, net-leased building presents a rare chance to acquire a highly desirable property in a prime downtown location. The building's modern amenities and the strong, long-term lease with a successful tenant make this an attractive investment.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $625,000 Current use
- RESTAURANT
- $805,000 Change: +29% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $650,000 Change: +4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Charlottesville
- County
- Charlottesville City
- State
- Virginia
- Longitude
- -78.4823
- Latitude
- 38.0317
- CBSA code
- 16820
- CBSA name
- CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,540
$774,200
$1,615,200
$2,389,400
-
$774,200
$1,615,200
$2,389,400
