420 Park StCharlottesville, VA 22902

Property Details for 420 Park St

Year built

1920

Lot size

0.18 AC

Property size (Sq ft)

3,822 SF

Zone code

CX-5

Property type

Office properties

Property subtype

Other office properties

APN

530120000

APU

530120000

Description

This exceptional 4,000 square foot office building, located in the heart of Charlottesville City, presents a unique opportunity for businesses seeking a blend of historic character and contemporary functionality. Built in 1900 and extensively renovated in 2015, the property boasts three suites, with 1,750 square feet currently available for lease. The minimum leasable space is 1,750 square feet, offering a single, contiguous space ideal for a growing company. The building features convenient on-site parking with five spaces available for tenants. The available space is located on the second floor and is accessed via stairs. The property's prime location in Charlottesville City offers easy access to a vibrant downtown area, rich with amenities and cultural attractions. The only additional cost beyond rent is internet service. The APN is 6361.000000000000000. This is an excellent opportunity to establish a presence in a desirable and well-maintained building with a rich history. The building's classic architecture complements its modern upgrades, creating a sophisticated and productive work environment. The spacious layout provides ample room for various office configurations, catering to the needs of a diverse range of businesses. Don't miss this chance to secure a prominent location in a thriving city.

• CAP approach

  CAP return

  Valuation

  6%

  $909,675

  6.5%

  $839,700

  7%

  $779,722

• Comparable approach

  Method

  Valuation

  Relative Method

  $764,171

  Geo Method

  $764,171

• Alternative Use

  Use

  Valuation

  Residential

  $1,041,228

  Hospitality

  $953,759

  Educational

  $793,517

  Medical

  $820,807

  Retail

  $1,234,359

Location Insight

City

Charlottesville

County

Charlottesville City

State

Virginia

Latitude

38.0327

Longitude

-78.4763

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].