415 Market StCharlottesville, VA 22902

Property Details for 415 Market St

Year built

1911

Lot size

0.03 AC

Property size (Sq ft)

3,000 SF

Zone code

DX

Property type

Office properties

APN

530053000

APU

530053000

Description

This exceptional 3,000 square foot office building presents a rare opportunity in the heart of Charlottesville, Virginia. Built in 1911, this two-story traditional office space boasts a charming historic character, perfectly situated on a 0.03-acre lot at the highly visible corner of Market and 5th Streets. The property is zoned DX and offers convenient access to the Downtown Mall and a nearby parking garage, just one block away. The building's 3,000 square feet are spread across two levels, providing ample space for a variety of business needs. This is an ideal location for businesses seeking high visibility and proximity to Charlottesville's vibrant downtown area. The building's historic architecture and prime location combine to create a unique and desirable commercial property. Don't miss this chance to own a piece of Charlottesville's rich history and thriving business community. This is a truly exceptional opportunity for a discerning buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $714,031

  6.5%

  $659,105

  7%

  $612,026

• Comparable approach

  Method

  Valuation

  Relative Method

  $599,820

  Geo Method

  $599,820

• Alternative Use

  Use

  Valuation

  Residential

  $817,291

  Hospitality

  $748,634

  Educational

  $622,854

  Medical

  $644,275

  Retail

  $968,885

Location Insight

City

Charlottesville

County

Charlottesville City

State

Virginia

Latitude

38.0308

Longitude

-78.4781

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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