400 Westfield Rd Charlottesville, VA 22901
- Office buildings
- 15,272 SF
- 1.05 lot acres
Current Use by Public Records
- Office buildings
Property Details for 400 Westfield Rd
- Year built
- 1998
- Lot size
- 1.05 lot acres
- Property size
- 15,272 SF
- Zone code
- C1 COMMERCIAL
- Property type
- Office buildings
- APN
- 061W0-01-0C-001A0
- APU
- 061W0010C001A0
Description
This exceptional 83-acre industrial property, located at 400 Westfield Road in Charlottesville, Virginia (zip code 22901), presents a unique investment opportunity. Situated in Albemarle County, this warehouse site is the last available lot on Westfield Road and offers significant potential. The property requires site plan approval before development can commence. Priced below assessed value, the seller is highly motivated to facilitate a quick sale. The location within an Opportunity Zone provides additional tax advantages for qualified investors. This is a rare opportunity, as very little similarly zoned land remains available in Charlottesville. The property's size and zoning flexibility are key highlights. The seller is open to considering splitting the property. One option involves dividing the land into two parcels: an 83-acre lot for $885,000 and a smaller 0.32-acre lot for $345,000. Alternatively, the property could be subdivided into two approximately 0.575-acre sites, each priced at $575,000. This flexibility allows for various development scenarios, catering to diverse investor needs and project scales. Don't miss this chance to acquire a prime industrial site in a thriving Virginia market. Contact us today to explore this compelling investment opportunity further.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Charlottesville
- County
- Albemarle
- State
- Virginia
- Longitude
- -78.4848
- Latitude
- 38.0736
- CBSA code
- 16820
- CBSA name
- CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA
