218 Water StCharlottesville, VA 22902

This exceptional Class A, six-story building at 218 W Water St, Charlottesville, VA 22902, offers 12,315 square feet of versatile space, currently vacant. Boasting six units across one building on a 0.71-acre lot, this property presents a unique redevelopment opportunity. Zoned WSH, it allows for creative repurposing as retail, office, residential (with potential for six units), or co-working space. The building's history includes use as a hotel and office space, showcasing its adaptability. Located just one block from the historic downtown walking mall, this prime location offers unparalleled access to Charlottesville's vibrant city center. The asking price is $3,265,000, translating to $265.12 per square foot. Parking is available at a ratio of one space per 1,000 square feet. The seller is open to considering redevelopment and co-development proposals. This is a rare chance to acquire a significant property in a thriving Virginia market. The property includes a second-floor and mezzanine area previously occupied by World Strides. This substantial space offers a blank canvas for a variety of uses. The building's history and location combine to create a compelling investment opportunity. Serious inquiries are encouraged.