For Sale
$5,900,000

715 Main StCharlottesville, VA 22903

Charlottesville retail, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
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
715 Main St, Charlottesville, Virginia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
715 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message