Prime Location with full restaurant

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Hospitality, Business Opportunity
Catylist Listing ID: 30715275
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending/Contingent
Building Size (RSF): 2,450 SF
Gross Building Area: 2,500 SF
Gross Land Area: 0.30 SF
Sale Price: $1,500,000
Unit Price: $612.24 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: Cavalier Diner
Usable Size (USF): 2,450 SF
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 12/16/2021

Overview / Comments

Opportunity to own a building in the prime retail area of route 29 adjacent to the 250 bypass
One of the best retail locations in the area

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Taxing Authority: City of Charlottesville
Tax ID/APN: 400001300
Zoning: URB
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Route 29 and 250 bypass
Property Visibility: Excellent
Largest Nearby Street: Route 29
Feet of Frontage: 80
Traffic/Vehicle Count: 36,000
Highway Access: Fronts on route 29 southbound lane at signaled intersection adjacent to the 250 bypass
Airports: CHO
Site Description: Retail road front retail on route 29
Area Description: Charlottesville's busies retail corridor
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,450 SF
Property Condition: Good
Year Built: 1966
Year Renovated: 2014
Roof Type: Arched
Construction/Siding: Block, Brick
Exterior Description: Brick and wood with large picture window
Total Parking Spaces: 27
Parking Type: Surface
Parking Description: Surface lot in front and rear
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central, Heat Pump
Air Conditioning: Other
Internet Access: Cable, DSL, Gigabit, Fiber Optic
Interior Description: Restaurant with bar, botths and free standing tables
Zoning Description: URB- Commercial and industrial
Lot Frontage: 80
Lot Depth: 260
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: Charlottesville tax ID#400001300 PT LOT 3B MILLMONT DEV

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,790 72,953 95,555
Median Age: 31.58 32.79 34.13
Households: 5,643 28,761 37,694


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