Opportunity Zone Development parcel

Multi-Family for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
Catylist Listing ID: 30263434
Property Subtypes: Government Subsidized, High-Rise, Low-Rise/Garden, Mid-Rise, Mixed Use, Senior Living, Student Housing, Other
Status: Pending/Contingent
Number of Units: 65 Units
Building Size (RSF): 10,100 SF
Gross Land Area: 1.35 Acres
Sale Price: $3,750,000
Unit Price: $57,692.31 Per Unit
Ceiling: 18 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Cherry Avenue IGA
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit, Sale/Leaseback, Other
Last Updated: 1/9/2019

Overview / Comments

10,000 Square foot open space with 20 foot high ceilings. Full truck dock as well as ground level doors. AMPLE PARKING 70+ spaces. Short term lease up to 2 years. Least expensive warehouse/flex space in the city of Charlottesville
DIRECTIONS: From Downtown Mall take 5th Street to a right on Cherry Avenue. Property is at the bottom of the hill on the right.
PROPERTY ON GROUND LEASE: No

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Taxing Authority: Charlottesville
Tax ID/APN: 530276000
Zoning: CH CHERRY AVENUE CORRIDOR MIXED USE
Property Located Between: Off Ridge Street on Cherry Avenue
Highway Access: Very near route 250, interstate 64 and route 29
Airports: CHO
Site Description: SEWER: Yes Connected WATER: Public
Area Description: In the Cherry Avenue Tax Opportunity Zone. Rare Development piece eligible for Opportunity Zone benefits
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 1
Roof Type: Flat
Construction/Siding: Block
Exterior Description: STRUCTURE FEATURES: Truck Dock
Parking Type: Surface
Parking Description: Ample off street parking
Interior Description: 10,000 square feet with high ceilings
Zoning Description: CH Zoning
Water Service: Municipal
Sewer Type: Municipal
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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