808 Cherry Ave Charlottesville, VA 22903
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.