2120 Ivy RdCharlottesville, VA 22903

Property Details for 2120 Ivy Rd

Year built

1962

Lot size

0.22 AC

Property size (Sq ft)

5,575 SF

Zone code

CX-5

Property type

Healthcare properties

Property subtype

Medical offices

APN

70003000

APU

70003000

Description

This exceptional 1,760 square foot office space is available for sublease at 2120 Ivy Road in Charlottesville, Virginia. Located in a desirable west-side location, this property offers convenient access and ample on-site parking. The building itself totals 5,575 square feet and is classified as both medical and traditional office space, making it suitable for a variety of uses. The space is part of a multi-tenant building, providing a collaborative environment. The property's prime location along Route 250 presents a significant signage opportunity for increased visibility and brand recognition. This sublease presents a unique chance to secure a well-situated office space in a thriving Charlottesville submarket, with the added benefit of readily available parking. The zip code is 22903. This listing is for a single available space within a larger building. The property is ideal for medical office practices, but its versatility makes it suitable for other office-based businesses as well. The space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,326,907

  6.5%

  $1,224,837

  7%

  $1,137,349

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,114,666

  Geo Method

  $1,114,666

• Alternative Use

  Use

  Valuation

  Residential

  $1,518,798

  Hospitality

  $1,391,211

  Educational

  $1,157,471

  Medical

  $1,197,278

  Retail

  $1,800,511

Location Insight

City

Charlottesville

County

Charlottesville City

State

Virginia

Latitude

38.043

Longitude

-78.5129

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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