415 Market StCharlottesville, VA 22902
- Office properties
- 3,000 SF
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
- Property subtype
- Other 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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