2211 Hydraulic RdCharlottesville, VA 22901

Property Details for 2211 Hydraulic Rd

Lot size

2.95 AC

Property size (Sq ft)

80,008 SF

Zone code

CX-5

Property type

Office properties

Property subtype

Other office properties

APN

40C064000

APU

40C064000

Description

This Class A office building, located at 2211 Hydraulic Road in Charlottesville, Virginia, offers 11,356 square feet of immediately available space on the terrace level. The building, constructed in 1966 and renovated in 2007, features a total of 69,000 square feet across three stories. Individual suites range from a minimum of 2,308 square feet to a maximum contiguous space of 9,048 square feet, offering flexibility for various business needs. The property includes 220 parking spaces and is conveniently located off Route 29 North, near the University of Virginia, Barracks Road, NGIC, and the Shops at Stonefield. The building is served by Dominion Power and includes one elevator. Zoned B-1 Commercial (APN: 40C064000), this property allows for research and lab use with a special use permit. One 2,308 square foot space is a shell space requiring a full build-out. Larger spaces may be subdivided or combined to meet specific requirements. This listing specifically pertains to terrace level availability. Please inquire for details on other floor availability.

• CAP approach

  CAP return

  Valuation

  6%

  $19,042,724

  6.5%

  $17,577,900

  7%

  $16,322,335

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,996,800

  Geo Method

  $15,996,800

• Alternative Use

  Use

  Valuation

  Residential

  $21,796,594

  Hospitality

  $19,965,564

  Educational

  $16,611,115

  Medical

  $17,182,396

  Retail

  $25,839,512

Location Insight

City

Charlottesville

County

Charlottesville City

State

Virginia

Latitude

38.0636

Longitude

-78.494

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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