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Retail 490 Westfield Rd 11,783 SF Vacant Retail Building Charlottesville, VA 22901 $2,800,000 ($237.63/SF)
Investment Highlights
- 11,783 SF For Sale
- Immediate Value-Add Upside
- Long-Term Redevelopment Potential
- Southbound Gateway Location
- Flexible by-Right Zoning (C1 Commercial)
Executive Summary
490 Westfield Road presents a rare opportunity to acquire a multi-tenant retail asset at one of the most strategically positioned corners in Charlottesville’s thriving Route 29 corridor, the southbound gateway into the city.
Situated on 0.987 acres at the hard corner of Westfield Road and Seminole Trail (Route 29), this 11,783 SF, two story building offers investors, owner-occupiers, and developers a compelling entry point into one of Central Virginia’s most supply-constrained commercial corridors. With 53,000 vehicles per day passing the site and a densely populated, high-income surrounding trade area, the property’s visibility, accessibility, and long-term land value are exceptional.
Situated on 0.987 acres at the hard corner of Westfield Road and Seminole Trail (Route 29), this 11,783 SF, two story building offers investors, owner-occupiers, and developers a compelling entry point into one of Central Virginia’s most supply-constrained commercial corridors. With 53,000 vehicles per day passing the site and a densely populated, high-income surrounding trade area, the property’s visibility, accessibility, and long-term land value are exceptional.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,783 SF
Building Class
B
Year Built/Renovated
1960/2020
Price
$2,800,000
Price Per SF
$237.63
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.99 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial allows for a large variety of uses. See the documents section for details.
Parking
60 Spaces (5.09 Spaces per 1,000 SF Leased)
Frontage
100’ on Seminole Trail
Amenities
- 24 Hour Access
- Security System
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Alaa A Shammari
- -
- -
- -
- -
- -
- Lisa Stafford Gladwell
- Services
- -
- $20.00
- -
- Dec 2026
- Samuel Futrell
- -
- -
- -
- -
- -
-
- Utilities
- -
- $20.00
- Triple Net
- Nov 2024
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Alaa A Shammari | - | - | - | - | - | |
| Lisa Stafford Gladwell | Services | - | $20.00 | - | Dec 2026 | |
| Samuel Futrell | - | - | - | - | - | |
|
|
Utilities | - | $20.00 | Triple Net | Nov 2024 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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
Parcel Number
061W0-01-0C-00400
Land Assessment
$1,547,800
Improvements Assessment
$444,500
Total Assessment
$1,992,300
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