214 Ridge Street

Hospitality for Sale
Catylist Listing ID: 30652621
Property Subtypes: Hotel
Number of Units: 1 Units
Building Size (RSF): 2,555 SF
Gross Building Area: 2,815 SF
Gross Land Area: 0.12 Acres
Sale Price: $995,000
Unit Price: $995,000 Per Unit
Property Use Type: Investment, Business
Building Name: Cottage on Ridge
Name of Establishment: Cottage on Ridge
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/4/2021

Overview / Comments

RARE investment opportunity in Historic Downtown Charlottesville! Own a beautiful place to stay that pays for itself! Turn-key Airbnb grosses $95K/yr + and is still going strong! Located in a mixed-use zoning district located mere steps to the famed Downtown pedestrian mall & cafes of W. Main St. 1 mile to UVA Campus. Have a great place to stay when you're in town for events & rent it out the rest of the time short or long-term. Updated condition featuring large rooms, original heart pine floors, built-ins, period architectural details, tall ceilings & a flexible floor plan to suit many residential and/or commercial pursuits. 5 off-street parking spaces too! Furnishings available for additional price.

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Taxing Authority: Charlottesville
Tax ID/APN: 7708.000000000000000
Zoning: WMEH
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: Downtown Mall and West Main St.
Property Visibility: Excellent
Highway Access: within 1 mile of 250, 29 & 64
Site Description: Located in a mixed-use zoning district located mere steps to the famed Downtown pedestrian mall & cafes of W. Main St. 1 mile to UVA Campus. Approved for use as an Airbnb (Hotel). Mixed use zoning allows for residential and/or commercial pursuits.
Area Description: Downtown and West Main St business corridor next to shops, restaurants, businesses and 1 mile from UVA Campus and UVA Hospital.
Nearby Attractions: Downtown Mall, Paramount Theater, Jefferson Theater, Downtown Pavilion, Weddings, Wineries, Breweries, UVA, IX Art Park
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1863
Year Renovated: 2010
Roof Type: Hip
Construction/Siding: Vinyl Siding
Exterior Description: 1800's Victorian details, wrap-around porch, large windows, tons of character.
Total Parking Spaces: 5
Parking Type: Surface
Parking Description: 5 parking spaces in rear with generous driveway
Heat Type: Natural Gas, Hot Water
Heat Source: Radiant
Air Conditioning: Engineered System
Internet Access: Cable, DSL, Satellite
Interior Description: Beautifully updated with neutral colors and period finishes. Large rooms with tall ceilings, wonderful natural light, heart pine floors + period architectural details. Move-in condition.
Zoning Description: Mixed Use West Main Street Historic
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: Parcel #280144000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,571 71,962 88,263
Median Age: 31.04 31.53 33.52
Households: 10,209 28,273 35,026

Contact

Photograph of Listing Agent

Alyson Snider

Donna Goings Real Estate
CVCMLS Member
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