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: 7/18/2021

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

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

View FullscreenMap

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

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Charlottesville Area Association of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.