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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Charlottesville Area Association of REALTORS nor
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