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2305 Commonwealth Dr 5,967 SF 46% Leased Office Building Charlottesville, VA 22901 $1,000,000 ($167.59/SF) 1.57% Cap Rate

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EXECUTIVE SUMMARY

Beautiful, elegant office building. High ceilings, decorative fireplaces. Bright and spacious.
Prime location just off of 29N and near 250Bypass/I-64 access.

ATTACHMENTS

OM

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,967 SF
Building Class
C
Year Built
1972
Price
$1,000,000
Price Per SF
$167.59
Cap Rate
1.57%
NOI
$15,700
Percent Leased
46%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,989 SF
Building FAR
0.29
Lot Size
0.47 AC
Opportunity Zone
Yes
Zoning
Commercial Office
Parking
25 Spaces (4.19 Spaces per 1,000 SF Leased)

AMENITIES

  • Fireplace

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Genial Spa
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Jan 0000
  • Roy Askew Contracting & Roofing
  • Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Stevenson Company
  • Real Estate
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Genial Spa Health Care and Social Assistance - - - Jan 0000
Roy Askew Contracting & Roofing Services - $9.99 Lorem Ipsum Jan 0000
Stevenson Company Real Estate - $9.99 Lorem Ipsum Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Basement
  • 300 SF
  • Flex
  • -
  • Now

Perfect for office or salon. Currently used as hair salon. Perfect location near 29 N. Private bath, private entrance. Terrace level. Parking available.

  • 1st Fl-Ste B
  • 930 SF
  • Office
  • Full Build-Out
  • Now

Beautiful, elegant office building. Spacious office on main level with 2 fireplaces and lots of light. Additional offices and flex space in basement. Can be leased together or separately. $850-$1,750. Elegant space on main floor of Colonial office building. Fireplaces. 4 offices off of lobby.

  • 2nd Fl-Ste H
  • 325 SF
  • Office
  • Full Build-Out
  • Now

2 offices off of shared lobby. One office has decorative fireplace.

Space Size Space Use Condition Available
Basement 300 SF Flex - Now
1st Fl-Ste B 930 SF Office Full Build-Out Now
2nd Fl-Ste H 325 SF Office Full Build-Out Now

Basement

Size
300 SF
Space Use
Flex
Condition
-
Available
Now

1st Fl-Ste B

Size
930 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste H

Size
325 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

Basement

Size 300 SF
Space Use Flex
Condition -
Available Now

Perfect for office or salon. Currently used as hair salon. Perfect location near 29 N. Private bath, private entrance. Terrace level. Parking available.

1st Fl-Ste B

Size 930 SF
Space Use Office
Condition Full Build-Out
Available Now

Beautiful, elegant office building. Spacious office on main level with 2 fireplaces and lots of light. Additional offices and flex space in basement. Can be leased together or separately. $850-$1,750. Elegant space on main floor of Colonial office building. Fireplaces. 4 offices off of lobby.

2nd Fl-Ste H

Size 325 SF
Space Use Office
Condition Full Build-Out
Available Now

2 offices off of shared lobby. One office has decorative fireplace.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
061W0-01-0B-00600
Land Assessment
$431,500
Improvements Assessment
$529,400
Total Assessment
$960,900
  • Listing ID: 35754906

  • Date on Market: 5/6/2025

  • Last Updated:

  • Address: 2305 Commonwealth Dr, Charlottesville, VA 22901

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