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206 Market StCharlottesville, VA 22902

Historic Office Building, Sale/Leaseback

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A, 7,500 square foot creative office building is located at 206 W Market St in Charlottesville, VA's Historic Downtown Mall. The two-story building, completely renovated in 2016, features a unique design and boasts a rooftop bar with a solar canopy. Currently occupied by the flagship Common House location under a brand new 10-year, fully triple net (NNN) lease, this property offers a secure investment opportunity. The lease guarantees $230,000 in annual net rent, with the tenant responsible for all taxes, insurance, building maintenance, and expenses. The landlord's responsibility is limited to the building shell and roof, both new since 2016. The 0.1-acre lot is zoned DH (DX - Future Zoning). Common House, a thriving social club with over 1,200 local members, includes a full-service restaurant, two bars, event spaces, co-working areas, and lounge spaces. This single-tenant, net-leased building presents a rare chance to acquire a highly desirable property in a prime downtown location. The building's modern amenities and the strong, long-term lease with a successful tenant make this an attractive investment.

Highlights

  • Single-tenant, net-leased building.
  • Historic Downtown Charlottesville location.
  • 10-year lease with Common House.
  • NNN lease; tenant responsible for all operating expenses.
  • $230,000 annual net rent.
  • Landlord responsible for building shell and roof (new in 2016).

Property Details for 206 Market St

Property type
Office properties, Office space
Square Feet
7,500 SF
Class
A
Year Renovated
2016
Buildings
1
Stories
2
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Charlottesville
County
Albemarle
State
Virginia
Latitude
38.031725543168
Longitude
-78.482265015106
206 Market St, Charlottesville, Virginia

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206 Market St
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