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7th Street SW Porfolio 2 Flex Properties Offered at $3,500,000 in Charlottesville, VA
INVESTMENT HIGHLIGHTS
- Huge Potential for 12-24 dwelling units. Non-conforming use allows office/warehouse space.
EXECUTIVE SUMMARY
Now including adjacent vacant lot, perfect for parking! Endless possibilities with recent zoning changes! Great opportunity to purchase 2 buildings in amazing location between UVA and Downtown Mall! Currently 2 warehouse spaces, 4 apartments, Offices! Zoned R-B.
Two separate parcels, each has full R-B potential: allows up to 6 dwelling units per lot so 12 unit potential if meet City guidelines. Potential for additional units (beyond 6 per building) if meet guidelines.
Also, current use is non-conforming which allows additional possibilities including commercial and warehouse use right in the middle of Charlottesville!
Flex space is perfect for owner occupant. Perfect office/shop/warehouse space with additional rental units.
Owners are licensed VA Real Estate Broker and licensed VA Real Estate Sales Person.
Please Call 4344667708 or 4349535636 for more information.
Two separate parcels, each has full R-B potential: allows up to 6 dwelling units per lot so 12 unit potential if meet City guidelines. Potential for additional units (beyond 6 per building) if meet guidelines.
Also, current use is non-conforming which allows additional possibilities including commercial and warehouse use right in the middle of Charlottesville!
Flex space is perfect for owner occupant. Perfect office/shop/warehouse space with additional rental units.
Owners are licensed VA Real Estate Broker and licensed VA Real Estate Sales Person.
Please Call 4344667708 or 4349535636 for more information.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $3,500,000 | Number of Properties | 2 |
| Price / SF | $538.79 / SF | Individually For Sale | 0 |
| Cap Rate | 11.07% | Total Building Size | 6,496 SF |
| Sale Type | Investment | Total Land Area | 0.30 AC |
| Status | Active |
| Price | $3,500,000 |
| Price / SF | $538.79 / SF |
| Cap Rate | 11.07% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,496 SF |
| Total Land Area | 0.30 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 301 7th St SW, Charlottesville, VA 22903 | Flex | 5,336 SF | 1961 | - |
| 702 Delevan St, Charlottesville, VA 22903 | Flex | 1,160 SF | 1961 | - |
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7th Street SW Porfolio
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