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
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

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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


Photograph of Listing Agent

Clifford Fox

Foxfyre Enterprises, Inc.
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