Development Potential on Monticello Ave
Vacant Land
for Sale
| Catylist Listing ID: |
30853555 |
| Property Subtypes: |
Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
|
| Gross Land Area: |
8.95 Acres
|
| Sale Price: |
$8,950,000 |
| Unit Price: |
$1,000,000 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/23/2023 |
Overview / Comments
|
Excellent re-development opportunity along one of Charlottesville's busiest travel corridors adjacent to Interstate 64. Four parcels consisting of 8.95 acres of flat land, largely unimproved. Current zoning along the highway corridor allows for a variety of residential and commercial uses, including retail, office, food service, automotive, hotel/lodging, and much more. Located on Monticello Avenue at exit 121 on I-64. One mile from Downtown Charlottesville and just minutes to the University of Virginia.
|
Additional Details
| Nearest MSA: |
Charlottesville |
| County: |
Charlottesville City |
| Tax ID/APN: |
610108000 |
| Zoning: |
HW |
| Property Visibility: |
Excellent |
| Legal Description: |
Tax parcel ID #s: 610-107-000, 610-109-000, 610-110-000, 610-108-000. |
| Largest Nearby Street: |
Monticello Ave & I-64 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,461 |
60,174 |
86,235 |
| Median Age: |
34.06 |
30.23 |
33.3 |
| Households: |
3,769 |
23,008 |
34,216 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Charlottesville Area Association of REALTORS nor
Moody's assume any liability for errors or omissions.
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