218 Ridge St

Office for Sale
Catylist Listing ID: 30791812
Property Subtypes: Medical, Office Building
Building Size (RSF): 11,560 SF
Sale Price: $1,450,000 - 1,450,500
Unit Price: $125.43 - 125.48 PSF
Property Use Type: Business
Class of Space: Class B
Usable Size (USF): 11,560 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/13/2022

Overview / Comments

The building is currently being used as an Assisted Living Facility. Great location on the corner of Ridge St and Monticello Ave. Walk to downtown and close to UVA. Over 11,000 sq ft with lots of potential use for this building.
Great space for multi office set up. Approximately 20 individual rooms, 2 large foyers and 2 conference or sitting areas. 6 full bathrooms.

Building to be sold AS-IS

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $10,464 (Annual)
Tax Value Land $494,400
Tax Value Improvements $607,100
Assessed Value - Total($) $1,101,500 (Annual)

Current Tenants

Tenant Business Name Monticello Ridge Crossing
Is Renting? Yes
Lease Expiration 3/2022
Options Month to Month Lease
Tenant Notes This is an Assisted Living Facility. 24 Hours Notice to Show.

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Tax ID/APN: 280146000
Zoning: WMEH
Property Located Between: On the corner of Ridge St and Monticello Ave
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1983
Roof Type: Gable
Construction/Siding: Other
Exterior Description: Brick and Clap Board
Parking Type: Surface
Parking Description: Off street parking at the rear of the building. Approximately 7 parking spaces.
Total Parking Spaces: 7
Sprinklers: Wet, Dry
Heat Type: Electricity, Natural Gas
Heat Source: Baseboard, Central
Air Conditioning: Other
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 280146000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,711 71,962 88,263
Median Age: 30.92 31.53 33.52
Households: 9,871 28,273 35,026

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