Catylist ID:
#30195870
DaVinci Center office park
Retail-Commercial
for Sale
Also listed as Multi-Family, Office
| Catylist Listing ID: | 30195870 |
| Property Subtypes: | Day Care Facility, Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Other |
| Building Size (RSF): | 11,911 SF |
| Gross Land Area: | 0.57 Acres |
| Sale Price: | $3,200,000 |
| Unit Price: | $268.66 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment, Business |
| Building Name: | DaVinci Center |
| Usable Size (USF): | 7,329 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 6.25% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 2/14/2021 |
Overview / Comments
|
Great North Downtown Multi-tenant Property. Priced at a 6.25 cap rate with development possibilities. Make a 6.25 cap return while planning a North Downtown Development project 60+ units possible OCCUPIED BY: Multiple Tenants. DIRECTIONS: No showings without notice. PROPERTY ON GROUND LEASE: No |
Attachments & Media
Additional Details
| Nearest MSA: | Charlottesville |
| County: | Charlottesville City |
| Taxing Authority: | Charlottesville |
| Tax ID/APN: | 530276000 |
| Zoning: | DN NORTH DOWNTOWN CORRIDOR MIXED USE |
| Retail Clientele: | General, Business, Traveler, Tourist, Convention, Other |
| Property Located Between: | 10th and East Jefferson |
| Property Visibility: | Excellent |
| Largest Nearby Street: | East High Street and Market Street |
| Highway Access: | Easy access to 64 and 29 corridor |
| Airports: | CHO |
| Site Description: | Three buildings. 100% full. 7329 sq. ft. free standing building medical use. 4582 sq. ft. occupied by two long term tenants |
| Area Description: | Right in the heart of North Downtown Charlottesville. Build 60+ units or just increase rents annually for a great return |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 3 |
| Number of Stories: | 3 |
| Typical SF / Floor: | 2,000 SF |
| Property Condition: | Excellent |
| Year Built: | 1914 |
| Year Renovated: | 2017 |
| Roof Type: | Other |
| Construction/Siding: | Brick |
| Exterior Description: | Three buildings variety of Brick and siding. Long term tenants with annual increases. |
| Total Parking Spaces: | 26 |
| Parking Type: | Surface |
| Parking Description: | Surface lot with 25 spaces |
| Passenger Elevators: | 1 |
| Freight Elevators: | 1 |
| Sprinklers: | None |
| Heat Type: | Electricity, Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Internet Access: | Cable, DSL, Satellite, T1/T3, Gigabit, Fiber Optic |
| Interior Description: | Various office and flex space Medical space for owner occupied possibility Owner Occupied opportunity with added income......perfect for medical group looking to own adjacent to New Sentara project |
| Zoning Description: | 4.0 Commercial & Industrial |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Fee Simple |
| Legal Description: | LOT,PAR X,LOTS 1,2&3 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 12,578 | 75,693 | 88,263 |
| Median Age: | 35.38 | 32.05 | 33.52 |
| Households: | 5,837 | 29,927 | 35,026 |
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