409 Land Trust

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30639715
Property Subtypes: Executive Suites, Institutional, Mixed Use, Office Building, Other
Status: Pending/Contingent
Building Size (RSF): 4,678 SF
Gross Building Area: 7,332 SF
Gross Land Area: 0.17 Acres
Sale Price: $1,365,000
Unit Price: $291.79 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 409 Park St
Class of Space: Class B
Usable Size (USF): 7,332 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 2/20/2021

Overview / Comments

The building is currently occupied by Southern Title they may be willing to rent the building back. We have been told that the building qualifies for Federal and State historic tax credits, please consult your own CPA or attorney for details. The building needs some work it is adjacent to Loring Woodriff Real Estate Associates on Park St. This property could be converted back into a residence or it could be a live work space servicing as both a residence and an office.

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Taxing Authority: Charlottesville, VA
Tax ID/APN: 530037000
Zoning: B-1H
Property Located Between: It is almost at the corner of Park and High Streets. It's on the western side of Park
Property Visibility: Excellent
Highway Access: Park St to By Pass
Airports: Charlottesville Albemarle Airport - CHO
Site Description: Some parking approximately 8 spaces if you stack cars
Area Description: Commercial Offices
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,339 SF
Year Built: 1905
Exterior Description: Brick
Parking Type: Surface, Other
Parking Description: Stacking cars you can get 8 parking spaces on site
Total Parking Spaces: 6
Sprinklers: None
Heat Source: Central, Heat Pump, Other
Air Conditioning: Other
Interior Description: The office was once a magnificent residence on Park St in Downtown Charlottesville
Zoning Description: B-1H
Lot Frontage: 88.65 ft
Lot Depth: 98.97
Water Service: Municipal
Sewer Type: Municipal
Easements Description: This property is within the historic district
Land Ownership: USA
Legal Description: Designated as Lot A on a plat recorded in DB 221 page 311 in Charlottesville, VA

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,039 73,843 90,381
Median Age: 34.02 31.76 33.58
Households: 7,654 29,161 35,828
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