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Retail, Office and Service Business Zoning! 490 Westfield Rd 11,790 SF 95% Leased Retail Building Charlottesville, VA 22901 $2,700,000 ($229.01/SF)
INVESTMENT HIGHLIGHTS
- Excellent Road Frontage on Main Corridor of Charlottesville-Albemarle - State Highway Route 29
- Multi-Tenant Occupancy and Zoned C-1 Commercial for Many Uses
- Commercial Leases
- Free Standing Building with over 11,000 Square Feet and Plenty of Parking
- Centrally Located only Minutes from the University of Virginia
- Excellent Investment
EXECUTIVE SUMMARY
The building is zoned C-1 and currently hosts multiple commercial leases, providing a steady income stream. The zoning allows for various uses making it an ideal location for service businesses or retail establishments seeking high visibility. The property boasts ample parking spaces ensuring convenience for all visitors and employees alike. Currently leased with monthly rents of about $18,000 per month.
One of the key highlights of this property is its strategic central location just minutes away from the University of Virginia and located in the shopping and service area of U.S Rt. 29/Seminole Trail. This proximity opens up a plethora of opportunities to cater to a diverse range of clientele.
Furthermore, this retail location benefits from excellent visibility from the Highway, enhancing its accessibility and drawing in more potential customers. Currently leased to Face Value Hair Salon, Offices for the Center Church, Hookaholic Vape Shop and Storage spaces for contractors or vendors.
Charlottesville itself is a vibrant city filled with amenities that add value to this property's location. It offers a rich cultural scene with art galleries, theaters, and music venues close by. Outdoor enthusiasts will appreciate the easy access to parks and recreational areas for hiking, biking or simply enjoying nature's beauty.
In summary, 490 Westfield Rd presents an incredible opportunity for investors looking to capitalize on a versatile commercial property in an outstanding location within Charlottesville. With its extensive square footage, flexible zoning options and convenient features such as ample parking - not forgetting its prime position near the university and visible from the US Highway - this property truly stands out as a remarkable offering on today’s market.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Security System
- Storage Space
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Modern Design with multiple spaces for offices, meetings, projects and/or spaces for Service oriented businesses to meet with clients. Located directly on Rt.29 on the Southbound Side of the divided highway known as Seminole Trail. Centrally located between Greenbrier Drive and Rio Road, but only a few miles to the University of Virginia and the Downtown Business district. The space is all one floor, and is zoned Commercial use (C-1) which allows for a variety of uses, like Furniture , Appliances and Clothing Store sales, Food, Grocery, Antique store or jewelry, craft shops Retail stores, Research/Laboratories, Child day centers, Financial institutions, clubs, Religious assembly and office use, and more. Off street parking has 9+ spaces plus handicapped parking and is handicap accessible. The space includes a Bathroom, a kitchen/lounge area, rear entrance to an outdoor deck and a main entrance in front for multiple uses. The space was recently renovated prior to the last tenant, and the space is now ready for occupancy. Shown by appointment only, but easy to see since it is now vacant. Ceiling Height-All of the offices, entrance, kitchen and far right hallway are 10', hallway is 8'6", bathrooms 8' Tenant pays proportionate share of utility cost, taxes for the property.
| Space | Size | Space Use | Position | Available |
| 200 | 2,085 SF | Retail | - | 30 Days |
200
| Size |
| 2,085 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
200
| Size | 2,085 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Modern Design with multiple spaces for offices, meetings, projects and/or spaces for Service oriented businesses to meet with clients. Located directly on Rt.29 on the Southbound Side of the divided highway known as Seminole Trail. Centrally located between Greenbrier Drive and Rio Road, but only a few miles to the University of Virginia and the Downtown Business district. The space is all one floor, and is zoned Commercial use (C-1) which allows for a variety of uses, like Furniture , Appliances and Clothing Store sales, Food, Grocery, Antique store or jewelry, craft shops Retail stores, Research/Laboratories, Child day centers, Financial institutions, clubs, Religious assembly and office use, and more. Off street parking has 9+ spaces plus handicapped parking and is handicap accessible. The space includes a Bathroom, a kitchen/lounge area, rear entrance to an outdoor deck and a main entrance in front for multiple uses. The space was recently renovated prior to the last tenant, and the space is now ready for occupancy. Shown by appointment only, but easy to see since it is now vacant. Ceiling Height-All of the offices, entrance, kitchen and far right hallway are 10', hallway is 8'6", bathrooms 8' Tenant pays proportionate share of utility cost, taxes for the property.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 061W0-01-0C-00400 | Improvements Assessment | $444,500 |
| Land Assessment | $1,547,800 | Total Assessment | $1,992,300 |
PROPERTY TAXES
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Retail, Office and Service Business Zoning! | 490 Westfield Rd
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