302 Hickman RdCharlottesville, VA 22911

Property Details for 302 Hickman Rd

Year built

1995

Lot size

0.03 AC

Property size (Sq ft)

1,224 SF

Zone code

PLANNED DEV. MIXED COMM.

Property type

Office properties

Property subtype

Office buildings

APN

07800-00-00-077A5

APU

078000000077A5

Description

This exceptional 2,584 square foot office condo presents a rare opportunity for owner-occupancy in the desirable Pantops area of Charlottesville, Virginia. Located at 302 Hickman Road, zip code 22911, this Class B traditional office space boasts well-maintained interiors and a turnkey buildout, minimizing upfront investment and maximizing immediate usability. The property offers convenient on-site parking, a significant advantage in this location. Its prime location offers exceptional proximity to Sentara Martha Jefferson Hospital, making it an ideal choice for medical professionals or businesses serving the healthcare sector. This smaller office space is a unique find in Pantops, a highly sought-after area known for its convenience and amenities. The property is situated in Albemarle County, Virginia, and offers a compelling combination of functionality, location, and convenience. The turnkey nature of the buildout allows for immediate occupancy, eliminating the time and expense associated with renovations. This is a truly exceptional opportunity to acquire a well-maintained and strategically located office space in a thriving Charlottesville neighborhood. Don't miss this chance to own a piece of Pantops' vibrant business community.

• CAP approach

  CAP return

  Valuation

  6%

  $291,325

  6.5%

  $268,915

  7%

  $249,707

• Comparable approach

  Method

  Valuation

  Relative Method

  $244,727

  Geo Method

  $244,727

• Alternative Use

  Use

  Valuation

  Residential

  $333,455

  Hospitality

  $305,443

  Educational

  $254,125

  Medical

  $262,864

  Retail

  $395,305

Location Insight

City

Charlottesville

County

Albemarle

State

Virginia

Latitude

38.0282

Longitude

-78.444

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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