415 Market StCharlottesville, VA 22902

  • Office properties
  • 3,000 SF
For Sale

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
415 Market St, Charlottesville, Virginia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,684
$160,000
$725,400
$885,400
-
$160,000
$725,400
$885,400

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].