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IX Project 522 2nd St SE 144,000 SF 100% Leased Retail Building Charlottesville, VA 22902 $51,672,638 ($358.84/SF)



INVESTMENT HIGHLIGHTS
- Mixed use development opportunity with existing income streams.
- Location, existing and planned infrastructure and the surrounding build mixed small city and urban environment.
- Great Urban Site, Use Mix, Character and exceptional Upside Urban Development Capacity.
- The land along the periphery has development potential.
EXECUTIVE SUMMARY
The Ix Project is a mixed-use urban site with exceptional development opportunities, fully leased retail/commercial/light industrial, and currently accommodates a seasonal farmers' market and brewery. Adequate undeveloped land is available to build multifamily. One mile from the University of Virginia. Infill Development Opportunities are of particular interest to the Ix Project ownership. There is a substantial income coming from the land, justifying the price, please call for details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
144,000 SF
Building Class
C
Year Built
1999
Price
$51,672,638
Price Per SF
$358.84
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
10.50 AC
Opportunity Zone
Yes
Zoning
DE
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 280-208-000 | Improvements Assessment | $11,300,100 |
| Land Assessment | $10,305,800 | Total Assessment | $21,605,900 |
PROPERTY TAXES
Parcel Number
280-208-000
Land Assessment
$10,305,800
Improvements Assessment
$11,300,100
Total Assessment
$21,605,900
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Presented by
FoxFyre Enterprises, Inc.
IX Project | 522 2nd St SE
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