Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30803431
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 22,000 SF
Gross Building Area: See Agent
Gross Land Area: 2.35 - 3.65 SF
Sale Price: $1,295,000 - 4,550,000
Unit Price: $58.86 - 206.82 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Strip Mall and Office Building
Usable Size (USF): 22,000 SF
Sale Terms: Cash to Seller
Cap Rate: 4.2%
Average Occupancy Rate: 93
Last Updated: 8/9/2022

Overview / Comments

Three parcels, two retail and one office building. Built in 1985 and 2000.
Property can be purchased together or separately.
Retail - 22,000 SF $3,600,000 22,000 SF
Office - 11,500 SF $1,295,000 11,500 SF
Together $4,550,000

Additional Details

Nearest MSA: Charlottesville
County: Greene
Taxing Authority: Greene
Zoning: B-2
Retail Clientele: General
Property Located Between: Rt 29 and Rt 33
Property Visibility: Excellent
Largest Nearby Street: Rt 29
Highway Access: Rt 29
Airports: CHO
Site Description: Slight raised above main road, good visibility, long term tenants
Area Description: High traffic count, growing community,
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Property Condition: Good
Year Built: 1985
Year Renovated: 2000
Construction/Siding: Brick
Exterior Description: There are multiple buildings on the site. Three parcels each with a building, retail and office.
Parking Type: Surface
Parking Description: Paved surface parking
Heat Type: Electricity
Heat Source: Heat Pump
Internet Access: Cable, DSL
Interior Description: Spaces maintained by Tenants
Zoning Description: B-2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,257 20,505
Median Age: 37.18 40.26
Households: 3,286 7,514


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