Retail/Warehouse Flex Space for lease

Retail-Commercial for Lease
Also listed as Shopping Center, Industrial
Catylist Listing ID: 30639504
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Post Office, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Contiguous Space: 10,200 SF
Building Size (RSF): 10,220 SF
Gross Land Area: 1.35 Acres
Lease Rate: $8 - 18 PSF (Annual)
Base Monthly Rent: $6,800 - 15,300
Lease Types: Absolute NNN
Ceiling: 18 ft.
In Opportunity Zone? Yes
Building Name: Cherry Avenue IGA
Usable Size (USF): 10,220 SF
Last Updated: 9/10/2020

Overview / Comments

Large downtown Flex Space.
Many possibilities. Lease Rate is AS IS
10,000 Square building, 20 foot high ceilings.
Full truck dock as well as ground level doors.
AMPLE PARKING 89+ spaces.
TI money for longer term tenant at a higher rate.

Expand All Available Space

Suite: 501 Cherry Avenue 10,200 SF $8 - 18 PSF (Annual) Absolute NNN
Level/Floor: 1
Space Available: 10,200 SF
Lease Rate: $8 - 18 PSF (Annual)
$6,800 - 15,300 (Monthly)
Lease Type: Absolute NNN
Space Description: Very open space with high ceilings
Truck dock in rear and multiple ground level entrances.
Very many possibilities
Space Subcategory: Flex Space, Mixed Use
Date Available: 6/30/2021
Space Type: Relet
Tax Expenses $10,000 PSF (Annual)
Operating Expenses $0 PSF (Annual)
CAM Expenses $0 PSF (Annual)
Rent Escalators Other
Rent Escalators Description TBD
Rent Concession Per deal Basis
Moving Allowance $0
Lease Buyout Allowance $0

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Taxing Authority: Charlottesville
Tax ID/APN: 530276000
Zoning: CH CHERRY AVENUE CORRIDOR MIXED USE
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention, Other
Property Located Between: Downtown Mall and University of Virginia
Property Visibility: Excellent
Largest Nearby Street: Cherry Avenue
Highway Access: Very near route 250, interstate 64 and route 29 DIRECTIONS: From Downtown Mall take 5th Street to a right on Cherry Avenue. Property is at the bottom of the hill on the right.
Airports: CHO
Site Description: SEWER: Yes Connected WATER: Public
Area Description: In the CH zoning Tax Free Opportunity Zone. Adjacent to North Downtown and the UVa Corner
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,200 SF
Property Condition: Average
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Large parking lot with multiple entrances and over 89 parking spaces
Total Parking Spaces: 80
Parking Type: Surface
Parking Description: Ample off street parking
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Other
Internet Access: Cable, DSL, T1/T3, Gigabit, Fiber Optic
Interior Description: 10,000 open square feet with high ceilings
Zoning Description: CH Zoning
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: 501 Cherry Avenue

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,551 71,962 89,562
Median Age: 29 31.53 33.69
Households: 9,032 28,273 35,482

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