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406 W Main St - 332, 406, & 408 W Main St. 0.54 Acres of Residential Land Offered at $3,765,000 in Charlottesville, VA 22903
INVESTMENT HIGHLIGHTS
- Charlottesville Infille
- Walk to Downtown Mall
- Walk to UVA
EXECUTIVE SUMMARY
3 prime W. Main infill parcels. Existing lease in place generating $10,000/month until 9/1/2027. Rare development opportunity with new CX-5 zoning. Five stories by right. Up to 7 stories with bonus for additional affordable units. No density restrictions. Walk to UVa and Historic Downtown Mall.
Initial conversation with City regarding the abandonment of the 4th St extension. Potential for connecting all of these parcels.
Ability to build 105 one and two BR units with parking underneath and additional surface parking.
Initial conversation with City regarding the abandonment of the 4th St extension. Potential for connecting all of these parcels.
Ability to build 105 one and two BR units with parking underneath and additional surface parking.
PROPERTY FACTS
| Price | $3,765,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.54 AC |
| Property Type | Land | ||
| Zoning | CX-5 - Moderate to high-intensity mixed use. | ||
| Price | $3,765,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.54 AC |
| Zoning | CX-5 - Moderate to high-intensity mixed use. |
1 LOT AVAILABLE
Lot
| Price | $3,765,000 | Lot Size | 0.54 AC |
| Price Per AC | $6,972,222.22 |
| Price | $3,765,000 |
| Price Per AC | $6,972,222.22 |
| Lot Size | 0.54 AC |
3 prime W. Main infill parcels. Existing lease in place generating $10,000/month until 9/1/2027. Rare development opportunity with new CX-5 zoning. Five stories by right, up to 7 stories. 332, 406 & 408 W. Main, Charlottesville, VA
DESCRIPTION
332, 406 & 408 W. Main Charlottesville, VA 22903
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (84)
1 of 3
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Presented by
O’Connell Realty LLC
406 W Main St - 332, 406, & 408 W Main St.
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