City Center
Vacant Land
for Sale
| Catylist Listing ID: |
30784850 |
| Property Subtypes: |
Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Other
|
| Gross Land Area: |
2 - 17.47 Acres
|
| Sale Price: |
$4,806,757 Per Acre |
| In Opportunity Zone? |
Yes |
| Land Splits Available: |
Yes |
| Sale Terms: |
Undisclosed |
| Last Updated: |
5/23/2023 |
Overview / Comments
|
This is 17.4719 acres in the City of Charlottesville, Will Subdivide. 1 mile from the University of Virginia and 3 blocks from the Downtown Mall. Zoning allows buildings up to 101' tall and density up to 240 DUA; current zoning allows up to 751 dwelling units by-right. New proposed zoning NX-8 allows unlimited density up to 8 stories. This should be approved by June. Great opportunity for primary economic development, Tech Campus, superior mixed-use. The site currently carries approximately 177,000 sf of leased area with various opportunities for land development/redevelopment. Infill development opportunities are significant. Income and additional information available to serious inquiries by agreement. Call or email for additional information. Farmers' Market currently enjoys seasonal use of some open space at the site.
|
Additional Details
| Nearest MSA: |
Charlottesville |
| County: |
Charlottesville City |
| Taxing Authority: |
City of Charlottesville |
| Tax ID/APN: |
280208000 and 280208100 |
| Zoning: |
"DE", DOWNTOWN EXTENDED |
| Property Located Between: |
Monticello Avenue and Elliott Avenue |
| Property Visibility: |
Excellent |
| Legal Description: |
Tax Map ID # 280208000 and 280208100; DB 1117, page 117 containing 10.7519 and 6.7235 acres respectively. |
| Largest Nearby Street: |
Monticello Avenue |
| Feet of Frontage: |
500 |
| Highway Access: |
Easy access to Interstate 64. |
| Airports: |
GO CHO |
| Site Description: |
Two buildings, one large single story building that fronts on 2nd Street, SE and a 30,000 sf 2-story warehouse that fronts on Monticello Avenue. Great infill development opportunities with considerable existing income. |
| Area Description: |
Charlottesville, VA |
| Lot Frontage: |
516 |
| Lot Depth: |
1,499 feet from Monticello Avenue to Elliott Avenue. |
| Zoning Description: |
Zoning is "DE", Downtown Extended allowing mixed-use development up to 101' height and density up to 240 DUA. City is in the process of improving the zoning ordinance to make it efficient and user-friendly over the coming year. |
| Development Name: |
Ix Project |
| Topography: |
Level |
| Easements: |
Electric Lines, Ingress/Egress, Utilities |
| Available Utilities: |
Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
21,187 |
70,046 |
88,263 |
| Median Age: |
31.1 |
31.61 |
33.52 |
| Households: |
8,855 |
27,364 |
35,026 |
|
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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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