For Sale
$5,900,000

715 Main St Charlottesville, VA 22903

Charlottesville retail, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional Charlottesville investment opportunity encompasses four buildings totaling 7,685 square feet situated on a 0.608-acre lot. Located at 715-731 West Main Street and 117 Cream Street, this property boasts a prime location near the University of Virginia, presenting significant redevelopment potential. The existing structures, built in 1920, are zoned WMEH, allowing for a five-story building with the possibility of expanding to seven stories. Detailed plans are available upon request. The current asking price is $5,900,000, translating to $767.73 per square foot. This presents a unique chance to capitalize on the high demand for student housing in the area, with potential for up to 168 beds. The property's four buildings are currently configured as retail space, offering a flexible canvas for a transformative project. The property's address includes 715 W Main St, 731 W Main St, and 117 Cream St, all in Charlottesville, VA 22903. Parcel numbers are 320151000

Highlights

  • High-traffic location with excellent visibility from a major thoroughfare.
  • Ample on-site parking available for tenants and customers.
  • Recently renovated interior with modern finishes and updated systems.
  • Flexible floor plan adaptable to various business needs.
  • Competitive lease rates and flexible lease terms available.

Property Details for 715 Main St

Property type
Retail properties, Retail space
Square Feet
7,685 SF
Year Built
1920
Buildings
4
Stories
2
Lot Size (sq. ft)
26,484 SF

Location Insight

City
Charlottesville
County
Albemarle
State
Virginia
Latitude
38.0318597
Longitude
-78.4904479

FAQs

What type of property is this?
Retail property - Charlottesville retail, redevelopment potential.
Where is the retail property located?
The property is located at 715 Main St Charlottesville, VA.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: High-traffic location with excellent visibility from a major thoroughfare.; Ample on-site parking available for tenants and customers.; Recently renovated interior with modern finishes and updated systems.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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715 Main St
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