1640 Seminole Trail

Retail-Commercial for Sale
Catylist Listing ID: 30566580
Property Subtypes: Free-Standing Building, Parking Facility, Street Retail
Building Size (RSF): 2,985 SF
Gross Land Area: 0.51 Acres
Sale Price: $949,000
Unit Price: $317.92 PSF
Office SF: 2,980 SF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Used Car Sales
Usable Size (USF): 2,985 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/22/2020

Overview / Comments

Property is FOR SALE or FOR LEASE at $22.5/SF. Approved as a Used Car lot for Auto Sales and Display of Automobiles. Recently approved by Albemarle County with a Special Use Permit for Display of Vehicles as a Used Car Lot and also revived county ARB approval as it is located on Rt. 29/Seminole Trail on the Entrance Corridor and coming just off of the Ramp at Rio , this property is between Wendy's Restaurant and the strip center next to Hardees. There are approx. 38 parking spaces for vehicles approved as per the county site plan for parking and landscaping. The older building is ready for a renovation but use-able now as a Sales office. Other uses are available from this prime site with Highway Commercial Zoning.

Additional Details

Nearest MSA: Charlottesville
County: Albemarle
Taxing Authority: Albemarle
Tax ID/APN: 06100-00-00-120P0
Zoning: HIGHWAY COMMERCIAL
Property Located Between: Hardee's & Wendy's Restaurants on Rt. 29 North on Semnole
Highway Access: Frontage on RT 29 Southbound at end of ramp onto Rt. 29
Airports: 8 miles
Site Description: Used Car Sales and Automotive storage. Parking area, Access off of Rt. 29/Seminole Trail.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,980 SF
Property Condition: Average
Year Built: 1970
Total Parking Spaces: 38
Parking Type: Surface
Zoning Description: Highway Commercial Zoning
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,962 45,025 91,066
Median Age: 37.72 36.2 34.38
Households: 5,104 18,475 36,071

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