500 Court Square - Office Space

Office for Sale
Catylist Listing ID: 30334361
Property Subtypes: Office Building
Condo? Yes
Building Size (RSF): 10,500 SF
Gross Building Area: 999,999 SF
Sale Price: $1,850,000
Property Use Type: Vacant/Owner-User, Business
Building Name: 500 Court Square
Class of Space: Class A
Usable Size (USF): 10,500 SF
Sale Terms: Cash to Seller
Last Updated: 7/16/2021

Overview / Comments

Michie Hamlett Lowry Rasmussen & Tweel law firm. The property is now vacant and the owns have reduced the price to below both appraised and assessed value. Owned by First Monticello Land Trust. The space encompasses the first two floors of the 500 Court Square Building. The owner may consider dividing the space and selling each floor separately. It has been renovated, and is in a premium downtown location across the street from the historic Albemarle County court house.

To show this space call the listing agents Ed Brownfield 434-981-0045 or Charlotte Dammann 434-981-1250

Click here to see the Walkability Index - https://www.walkscore.com/score/240-ct-square-charlottesville-va-22902

Attachments & Media

Current Tenants

Tenant Business Name Michie Hamlett Lowry Rasmussen & Tweel
Contact Name Ed Brownfield or Charlotte Dammann
Contact Title Real Estate Agents
Phone Number 434-981-0045
Toll-Free Number 434-981-1250
Industry Type Other Services
Is Renting? Yes
SF of Space Occupied 10,500 SF
Lease Expiration 3/0031
Options None
Tenant Notes The owners are members of the law firm that leases the space

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Submarket Type: Central Business District
Taxing Authority: City Of Charlottesville
Tax ID/APN: TM 530096301, 530096201, 530096306
Is Condo?: Yes
Property Located Between: 5th St NE and 6th St. NE
Property Visibility: Excellent
Highway Access: 500 Court Square - across the street from the Albemarle County Court House
Airports: Charlottesville Albmarle Airport - CHO
Site Description: First two floors of the ten story 500 Court Square building
Area Description: Downtown business district just steps away from both court houses and the downtown pedestrian mall
Total Number of Buildings: 1
Number of Stories: 10
Year Built: 1926
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick
Parking Type: Other
Parking Description: Parking is in the Market St. Parking Garage. Call agents for details. 20 to 22 spaces available.
Total Parking Spaces: 20
Passenger Elevators: 2
Sprinklers: Other
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Other
Internet Access: Other
Interior Description: Legal offices with views of the Albemarle County Court House
Zoning Description: DH Downtown Historic
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Condominium
Legal Description: Suite numbers 201, 202, 301, 302, 303, 304, 305 and 306 TM 530096301, 530096201, 530096306

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,039 74,755 90,381
Median Age: 34.02 31.81 33.58
Households: 7,654 29,543 35,828
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