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Executive Summary

Beautiful, elegant office building. High ceilings, decorative fireplaces. Bright and spacious. Pro forma cap rate 4.87%.
Prime location just off of 29N and near 250Bypass/I-64 access.

Attachments

2305 Commonwealth OM Updated 2026-03-05

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
4.87%
NOI
$48,700
Percent Leased
80%
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 salon or producing creative content! Perfect location near 29 N. Private bath, private entrance. Terrace level. Parking available. $900/month. Please see Matterport tour: https://my.matterport.com/show/?m=DSHdAaXGvts&mls=1

  • 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 space available. Elegant space on main floor of Colonial office building. Fireplaces. 4 offices off of lobby. $1,450/month. Please see Matterport tour: https://my.matterport.com/show/?m=ATdSP85AQu6&mls=1

  • 2nd Floor
  • 135 SF
  • Office
  • Full Build-Out
  • Now

Single room office.

Space Size Space Use Condition Available
Basement 300 SF Flex - Now
1st Fl-Ste B 930 SF Office Full Build-Out Now
2nd Floor 135 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 Floor

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

Basement

Size 300 SF
Space Use Flex
Condition -
Available Now

Perfect for salon or producing creative content! Perfect location near 29 N. Private bath, private entrance. Terrace level. Parking available. $900/month. Please see Matterport tour: https://my.matterport.com/show/?m=DSHdAaXGvts&mls=1

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 space available. Elegant space on main floor of Colonial office building. Fireplaces. 4 offices off of lobby. $1,450/month. Please see Matterport tour: https://my.matterport.com/show/?m=ATdSP85AQu6&mls=1

2nd Floor

Size 135 SF
Space Use Office
Condition Full Build-Out
Available Now

Single room office.

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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