400 Main StCharlottesville, VA 22902

Property Details for 400 Main St

Year built

1954

Lot size

0.09 AC

Property size (Sq ft)

8,240 SF

Zone code

DX

Property type

Office properties

Property subtype

Other office properties

APN

280045000

APU

280045000

Description

This three-story, 12,445 square foot Class B office building, located in Charlottesville, Virginia's Historic District at 400 E Main St (corner of 4th St SE), offers two available suites. One 2,500 square foot space is available on the first floor, currently a shell space, conveniently located below the Virginia Credit Union and backing onto the Downtown Mall. The second available suite, totaling 1,664 square feet, is situated on the second floor and features a linear layout of individual offices, a large reception/open area, and a conference room. This floor also includes a shared restroom and kitchenette. Built in 1954 and renovated in 2002, the building sits on a 0.09-acre lot and is served by Dominion Power. Its Dh Downtown Corridor Mixed Use Historic zoning allows for diverse uses. The building's prime location offers exceptional accessibility, being just one block from the Water Street and Market Street parking garages and surrounded by numerous businesses in the financial, legal, and accounting sectors. The Downtown Mall, the area's second-largest retail district, is within walking distance, providing access to over 30 restaurants. The building's 4th Street entrance provides excellent visibility and convenient access. The property's APN is 280045000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,961,204

  6.5%

  $1,810,343

  7%

  $1,681,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,647,506

  Geo Method

  $1,647,506

• Alternative Use

  Use

  Valuation

  Residential

  $2,244,825

  Hospitality

  $2,056,248

  Educational

  $1,710,774

  Medical

  $1,769,610

  Retail

  $2,661,204

Location Insight

City

Charlottesville

County

Charlottesville City

State

Virginia

Latitude

38.0298

Longitude

-78.4793

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].