Commercial Flex Space for lease

Retail-Commercial for Lease
Short-Term Lease
Also listed as Shopping Center, Office
Catylist Listing ID: 30639504
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Post Office, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Contiguous Space: 10,200 SF
Building Size (RSF): 10,200 SF
Gross Building Area: 10,220 SF
Gross Land Area: 1.35 Acres
Lease Rate: $10 - 12 PSF (Annual)
Base Monthly Rent: $8,500 - 10,200
Lease Types: Ground Lease, NNN, Other
Ceiling: 18 ft.
Drive In Bays: 1 Bay
In Opportunity Zone? Yes
Building Name: Cherry Avenue IGA
Usable Size (USF): 10,200 SF
Last Updated: 1/26/2022

Overview / Comments

10,200 square feet of open space, many possibilities
20 foot high ceilings.
Full truck dock as well as ground level doors.
AMPLE PARKING 89+ spaces.

Expand All Available Space

Suite: 501 Cherry Avenue 10,200 SF $10 - 12 PSF (Annual) NNN,Ground Lease,Other
Level/Floor: 1
Space Available: 10,200 SF
Lease Rate: $10 - 12 PSF (Annual)
$8,500 - 10,200 (Monthly)
Lease Type: NNN,Ground Lease,Other
Short-Term Lease: Yes
Space Description: Very open space with high ceilings
Truck dock in rear and multiple ground level entrances.
Very many possibilities, very open floor plan
Space Subcategory: Flex Space, Free-Standing Store
Date Available: 9/1/2021
Space Type: Relet
Parking Spaces 80
Tax Expenses $10,000 PSF (Annual)
Operating Expenses $3,500 PSF (Annual)
Rent Escalators Other
Rent Escalators Description TBD flexible terms
Rent Concession 10,000 square feet of open space with high ceilings (18)
Moving Allowance $0
Lease Buyout Allowance $0

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Taxing Authority: Charlottesville
Tax ID/APN: 530276000
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
Feet of Frontage: 250
Traffic/Vehicle Count: 8,000
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: Public 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: 85
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
Lot Frontage: 250
Lot Depth: 550
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: 24,443 71,962 89,562
Median Age: 29.47 31.53 33.69
Households: 9,413 28,273 35,482


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