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Investment Highlights

  • Prime development opportunity with flexible zoning, allowing for a wide range of uses
  • Ideal for Retail, Medical Office, Flex, Distribution
  • One of the few remaining developable lots of this size fronting Route 29 North
  • High visibility site with 333 ft. ± of frontage facing heavily trafficked Rt. 29 (53,000 cars/day)
  • Surrounded by dense residential neighborhoods and the many retail, dining and service destinations along the Route 29 corridor

Executive Summary

405 Premier Circle presents a rare, 1.07-acre development opportunity in Charlottesville’s thriving Route 29 corridor. With approximately 333 feet of high-visibility frontage along a heavily traveled roadway (53,000 vehicles per day), the site offers flexible zoning suitable for retail, medical office, flex, or distribution uses. Surrounded by dense residential communities and a strong mix of nearby retail and dining amenities, the property is strategically located less than 10 minutes from Downtown Charlottesville, the University of Virginia, UVA Health System, and the regional airport—making it one of the last prime parcels of its size available along Route 29 North.

Property Facts

Price $1,450,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Distribution
  • Medical
Total Lot Size 1.07 AC
No. Stories 1
Opportunity Zone Yes
Zoning NMD - Neighborhood Model Dist.

1 Lot Available

Lot

Price $1,450,000
Price Per AC $1,355,140.19
Lot Size 1.07 AC

For Sale: 1.07 ac commercial lot that fronts Hwy 29 in Charlottesville, VA. This lot was originally part of a 3.75 ac property. Zoned Neighborhood Model. Uses include retail, medical office, flex, and distribution. The site is being sold "As Is".

Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
  • Listing ID: 40304924

  • Date on Market: 4/7/2025

  • Last Updated:

  • Address: 405 Premier Cir, Charlottesville, VA 22901

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