113-115 Maury AveCharlottesville, VA 22903

Property Details for 113-115 Maury Ave

Year built

1965

Lot size

0.19 AC

Property size (Sq ft)

4,699 SF

Zone code

CX-5

Property type

Retail properties

Property subtype

Retail space

APN

170040000

APU

170040000

Description

This Charlottesville, Virginia property, located at 113-115 Maury Ave, zip code 22903, offers a rare opportunity for retail or restaurant businesses. The 13,123 square foot building, constructed in 1986 and extensively renovated in 2023, features four suites with a minimum divisible space of 2,475 square feet and a maximum contiguous space of 4,476 square feet. One space is currently available. The building is classified as Class C and is zoned DCC. The property boasts 21 parking spaces, a significant advantage in this high-demand area. Its location within the historic Fry's Spring neighborhood provides excellent visibility and accessibility. The recent façade and exterior renovations enhance the property's curb appeal. Furthermore, its proximity to Fontaine Research Park, a 54-acre multi-use research park, ensures a steady flow of potential customers. This location offers exceptional access to the University of Virginia and its vibrant community. The property is situated in the Charlottesville submarket and submarket cluster. This is an exceptional opportunity to establish or expand a business in a thriving Charlottesville location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,644,063

  6.5%

  $1,517,596

  7%

  $1,409,197

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,367,586

  Geo Method

  $2,367,586

• Alternative Use

  Use

  Valuation

  Residential

  $1,280,150

  Hospitality

  $1,172,610

  Educational

  $975,598

  Medical

  $1,009,150

  Retail

  $1,517,596

Location Insight

City

Charlottesville

County

Charlottesville City

State

Virginia

Latitude

38.0267

Longitude

-78.5158

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].