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1600 Rio RdCharlottesville, VA 22901

Prime Albemarle County Retail Site, 42 Acres

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 42-acre retail redevelopment opportunity in Albemarle County presents a unique investment prospect. Located at 1600 Rio Rd E, the property boasts a single-tenant building (1 sq ft) and includes two outparcels. The site is strategically positioned within the Rio 29 District, benefiting from exceptional access to Route 29 and Rio Hill Road, with multiple ingress and egress points facilitating convenient customer access. A significant component of this offering is the planned development of a Home Depot on the former Sears parcel, slated to open Spring 2025, significantly enhancing the area's retail landscape and driving increased foot traffic. This project offers approximately 23 additional acres available for further development, presenting a substantial expansion opportunity. The existing Belk Men's store will be integrated into the current Belk store, creating a more cohesive retail experience. The property is zoned for multi-use development, allowing for a diverse range of future uses. All necessary development rights are in place with the current owners, streamlining the development process and minimizing potential delays. This is a rare chance to capitalize on a prime retail location poised for significant growth within a thriving commercial district.

Highlights

  • Retail property located at 1600 Rio Rd E, Albemarle County.
  • Single-tenant retail building totaling 1 square foot.
  • 42-acre lot size.
  • Mall redevelopment opportunity including a future Home Depot (opening Spring 2025) and approximately 23 additional developable acres.
  • Two outparcels included.
  • Belk Men's store to be integrated into the existing Belk store.

Property Details for 1600 Rio Rd

Property type
Retail properties
RSF (Rentable sq. ft)
1 SF

Unit(s) available at that property

Space
Available Space
Size
1 SF

Location Insight

City
Charlottesville
County
Albemarle
State
Virginia
Latitude
38.0768734
Longitude
-78.4748392
1600 Rio Rd, Charlottesville, Virginia

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1600 Rio Rd
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