300 Rdg St Charlottesville, VA 22902-5554
This attractive, all-brick, two-story retail building (2,880 sq ft) is ideally situated at the corner of Monticello Ave and Ridge St in vibrant downtown Charlottesville, VA. Built in 1995, this property boasts large windows offering abundant natural light, two offices with private entrances and an interconnecting door, and two bathrooms (one per floor). Two small storage rooms, one on each floor, provide additional utility. A functional dumbwaiter connects the main floor and basement. The main floor features two entrances—one from the front parking lot and one from the street. The basement also has two entrances from the rear parking lot. Ample parking is available with 13 spaces (9 in front, 4 in the rear, with potential for expansion). Conveniently located near the downtown mall, UVA, and I-64, this property benefits from a nearby bus stop (lines #1 & 6). The 0.23-acre lot is zoned NX-8, presenting diverse possibilities for a variety of businesses. The asking price is $1,700,000 ($590.28/sq ft). This versatile space is ready for your vision.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NX-8 · Charlottesville, VACharlottesville. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.