1600 Rio RdCharlottesville, VA 22901

Property Details for 1600 Rio Rd

Property size (Sq ft)

1 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

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.

Location Insight

City

Charlottesville

County

Albemarle

State

Virginia

Latitude

38.0769

Longitude

-78.4748

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