City Center
Land
Marketing description
This 10.75 acre offering in the City of Charlottesville is a rear and exceptional opportunity. Will Subdivide. 1 mile from the University of Virginia and 3 blocks from the Downtown Mall. New zoning allows UNLIMITED DENSITY BY RIGHT UP TO 8-STORIES, WITH UP TO 2 ADDITIONAL STORIES WITH THE INCLUSION OF AFFORDABLE HOUSING UNITS. Great opportunity for primary economic development, Tech Campus, superior mixed-use. The site carries approximately 144,000 sf of leased area with various opportunities for land development/redevelopment. Infill development opportunities are significant. Income and additional information available to serious inquiries. Seller is interested in 1031 and 721 exchange opportunities. Call or email for additional information. Farmers' Market currently enjoys seasonal use of some open space at the site.
Investment highlights
- Nearest MSA: Charlottesville
- County: Charlottesville City
- Taxing Authority: City of Charlottesville
- Tax ID/APN: 280208000
- Zoning: “NX-8” unlimited density and up to ten (10) stories in height.
- Property Located Between: Monticello Avenue and Elliott Avenue
- Property Visibility: Excellent
- Legal Description: Tax Map ID # 28020800; DB 1117, page 117 containing 10.7519.
- Largest Nearby Street: Monticello Avenue
- Feet of Frontage: 500
- Highway Access: Easy access to Interstate 64.
- Airports: GO CHO
- Site Description: one large single story building that fronts on 2nd Street, SE containing 144,000 sf. Great infill development opportunities with considerable existing income.
- Area Description: Charlottesville, VA
- Lot Frontage: 516
- Lot Depth: 1,499 feet from Monticello Avenue to Elliott Avenue.
- Zoning Description: Zoning is "NX-8”
- Development Name: Ix Project
- Topography: Level
- Easements: Electric Lines, Ingress/Egress, Utilities
- Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
- Water Service: Municipal
- Sewer Type: Municipal
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