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202 7th St SW 1.22 Acres of Commercial Land in Charlottesville, VA 22903
Executive Summary
of Charlottesville, VA, encompassing 1.22 acres of land. The property is located southeast of the UVA Hospital and adjacent to the West Main Street corridor. The property is well positioned with easy access to W Main St via 7th Street SW giving it excellent access to Downtown Charlottesville and the University of Virginia campus. Potential uses include apartment, hotels, or mixed-use project
The following study was completed for this parcel based on a combination of the current zoning ordinance and comprehensive plan adopted in 2021.
While the plan does not specify exact density guidelines, it has designated this site as "high intensity residential." DGF studio has used the density of a neighboring zone as a design guideline for the purposes of this study. This study is for illustrative purposes only, and is subject to change as the city of Charlottesville rewrites and releases a zoning ordinance.
Property Facts Under Contract
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.22 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | Opportunity Zone |
Yes
|
| Zoning | CH | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.22 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | CH |
1 Lot Available
Lot
| Lot Size | 1.22 AC |
| Lot Size | 1.22 AC |
Colliers is pleased to offer the sale of 202 7th Street SW, a development site located in the Fifeville neighborhood of Charlottesville, VA, encompassing 1.22 acres of land with excellent access to Downtown Charlottesville and UVA.
Description
- The location offers easy access to UVA and the Downtown Mall via West Main Street - The area is undergoing a revival with the proposed Cherry Avenue Corridor Small Area Plan which is the focus of ongoing discussions about revitalizing the area - Located at walking distance from the AMTRAK station. AMTRAK provides regional passenger service from the area to Washington DC, Baltimore, Philadelphia, New York, Boston, Orlando, New Orleans and Chicago, giving business travelers and tourists a viable alternative to driving or flying
Property Taxes
| Parcel Number | 290-071-000 | Improvements Assessment | $52,900 |
| Land Assessment | $2,175,700 | Total Assessment | $2,228,600 |
Property Taxes
Presented by
202 7th St SW
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