Technical
Financial
Distress signals
Property profile

808 Cherry Ave Charlottesville, VA 22903

OFF-MARKET
Land
Property ID
US87-1427815
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Property summary

AI-generated overview

This exceptional 10,988.25 square foot commercial lot, located at 808 Cherry Ave in Charlottesville, Virginia (zip code 22903), is offered at $550,000. The property is zoned R-2 and presents a significant opportunity for commercial development. Owned by Salvaged Assets, LLC, this fully approved site plan offers ample space for a variety of commercial uses. Its strategic location within Charlottesville provides easy access to essential utilities including water, sewer, and electricity. The flexibility of the permitted zoning and the site's existing and proposed use allows for diverse development options. The property's prime location in a thriving business area, coupled with the strong economic growth of the surrounding community, makes this an attractive investment for entrepreneurs and investors seeking a foothold in Charlottesville's vibrant commercial landscape. The property's latitude and longitude coordinates are 38.0283913 and -78.4933747 respectively. This is a rare opportunity to acquire a fully approved commercial lot in a desirable location.

Property profile

Verified
Property type Land
UPID US87-1427815

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

808 Cherry Ave Charlottesville, VA 22903
Charlottesville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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