325 Rivanna Plz Dr Charlottesville, VA 22901-8314
This exceptional retail opportunity is located at 325 Rivanna Plaza Drive in Charlottesville, Virginia, zip code 22901. The property, known as Rivanna Plaza, offers a total of 12,500 square feet of retail space in a multi-tenant building. Currently, a 4,400 square foot space is available, previously used as a fitness center. This space benefits from prime visibility and accessibility due to its location on US Route 29. The property boasts ample on-site parking for customers and employees, enhancing convenience and attracting foot traffic. Rivanna Plaza enjoys a strong tenant mix, including established businesses such as Dunkin' Donuts and Bowlero, creating a vibrant and successful retail environment. The Charlottesville submarket provides a thriving commercial landscape, offering significant potential for growth and profitability. This space presents a unique opportunity for businesses seeking high visibility and a strategic location within a well-established retail center. The property is classified as retail, with multiple tenancies. The available space is ideal for a variety of retail uses.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
HIGHWAY COMMERCIAL · Charlottesville, VACharlottesville. Always verify with local authorities before improvements.
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.