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316-318 E Main St 28,500 SF 58% Leased Office Building Charlottesville, VA 22902 $4,500,000 ($157.89/SF) 6.48% Cap Rate
Investment Highlights
- Prominent location with frontage on both the Downtown Pedestrian Mall and Water Street totally over 57 feet of high visible frontage.
- Excellent Value-add opportunity for investor, owner-occupier or developer.
- Priced well below the 2025 assessment.
- Site is zoned for the maximum height and density allowed in the City, allowing for a variety of intensive commercial and residential uses
- Opportunities for the property could include leasing the existing vacant spaces, redevelopment, and conversion to an alternate by-right use
- Well-positioned investment opportunity in a supply constrained downtown Charlottesville market
Executive Summary
Premier location and top-class retail and office spaces make this a rare investment or development opportunity. Currently zoned DX (Downtown Mixed Use). DX zoning includes a by-right building height of 10 stories for the maximum height and density allowed in the City, allowing for a variety of intensive commercial and residential uses. A very rare investment opportunity in a supply constrained downtown Charlottesville market.
Property Facts
Amenities
- Controlled Access
- Security System
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Uplift Traiing Club
- -
- -
- $14.25
- Modified Gross
- Jun 2027
Uplift Training Club
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Uplift Traiing Club | - | - | $14.25 | Modified Gross | Jun 2027 | |
| Uplift Training Club | Arts, Entertainment, and Recreation | - | - | Plus Electric | Feb 2027 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Exceptional Class A Office on Charlottesville Downtown Mall. This historic space features a unique Class A buildout with high ceilings and skylights throughout, bringing natural light to the stunning conference rooms and private executive offices. The prime office location opens onto the amenity-rich Downtown Mall with abundant restaurants, retail shops, and entertainment. An extremely rare opportunity for move-in-ready Class A office on the Downtown Mall at a competitive rate.
Exceptional Class A Office on Charlottesville Downtown Mall. This historic space features a unique Class A buildout with high ceilings and skylights throughout, bringing natural light to the stunning conference rooms and private executive offices. The prime office location opens onto the amenity-rich Downtown Mall with abundant restaurants, retail shops, and entertainment. An extremely rare opportunity for move-in-ready Class A office on the Downtown Mall at a competitive rate.
| Space | Size | Space Use | Condition | Available |
| 3rd Floor | 5,960 SF | Office | Full Build-Out | Now |
| 4th Floor | 5,960 SF | Office | Full Build-Out | Now |
3rd Floor
| Size |
| 5,960 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Floor
| Size |
| 5,960 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size | 5,960 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Exceptional Class A Office on Charlottesville Downtown Mall. This historic space features a unique Class A buildout with high ceilings and skylights throughout, bringing natural light to the stunning conference rooms and private executive offices. The prime office location opens onto the amenity-rich Downtown Mall with abundant restaurants, retail shops, and entertainment. An extremely rare opportunity for move-in-ready Class A office on the Downtown Mall at a competitive rate.
4th Floor
| Size | 5,960 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Exceptional Class A Office on Charlottesville Downtown Mall. This historic space features a unique Class A buildout with high ceilings and skylights throughout, bringing natural light to the stunning conference rooms and private executive offices. The prime office location opens onto the amenity-rich Downtown Mall with abundant restaurants, retail shops, and entertainment. An extremely rare opportunity for move-in-ready Class A office on the Downtown Mall at a competitive rate.
Property Taxes
| Parcel Number | 280-042-000 | Improvements Assessment | $6,140,300 |
| Land Assessment | $1,264,500 | Total Assessment | $7,404,800 |
Property Taxes
Presented by
316-318 E Main St
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