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1001 E Market St
Charlottesville, VA 22902 Martha Jefferson

$490,000 USD

Office Residential Condo For Sale  •  2,345 SF

Property Details

  • Property Type Office Residential
  • Total Building Size 15,068 SF
  • Lot Size 1.92 AC
  • Building Class B
  • Year Built 1997
  • Tenancy Multiple
  • Zoning CX-5
45 Transit Score
92 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 100 & 101 Office 2,345 SF $490,000 USD
  • Unit Size: 2,345 SF
  • Condo Use: Office
  • Price: $490,000 USD
  • Sale Type: Owner User
  • Price/SF: $208.96 USD
Description
Colliers is pleased to present the opportunity to acquire a commercial condominium in the Randolph mixed-use property at the intersection of 10th and East Market Street in downtown Charlottesville. The condominium unit is divided
into two separate commercial suites - one leased and the other available for occupancy - providing a great opportunity for both owner occupiers and investors.

Sale Notes
• Commercial office property investment, well-suited to both investors and owner occupiers
• Soon-to-be vacant suite 101 is a turnkey, furnished suite with functional layout including reception waiting room, conference room, kitchenette and up to 2 private offices
• Investors and Owner-occupiers benefit from strong in-place rental income from GEI Consultants, a stable, national engineering firm with multiple locations
• Building exteriors and interiors present nicely
• The well-maintained property with professionally run condo association provides for a low maintenance investment
• Convenient on-site parking, with additional parking available for rent in nearby lots.
• Strong downtown location is a short walk to the Downtown Mall
• Convenient at-grade entry
• Large storefront windows provide abundant natural light

Description 

- Property Name: The Randolph Commercial Condo Unit B
- Property Address: 1001 E Market Street Suites 100 and 101, Charlottesville, Virginia
- Tax map Parcel ID: 540137B00
- Zoning: CX-5
- Unit Size: Unit 101: 921 SF (Available for Occupancy Jan. 1, 2026) and Unit 100: 1,421 SF (Leased to GEI Consultants)
- Parking 5 dedicated on-site parking spaces
- Year Built / Renovated: Building constructed in 2008. Renovations and upgrades during the past 13 years under current ownership

Highlights

Commercial office property investment, well-suited to both investors and owner occupiers
Convenient at-grade entry
Strong downtown location is a short walk to the Downtown Mall
Building exteriors and interiors present nicely
The well-maintained property with professionally run condo association provides for a low maintenance investment
Convenient on-site parking, with additional parking available for rent in nearby lots

Property Flyers

Financial Summary

Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Ascent Technology
Charlottesville Albemarle Care
Ivy Group Ltd
MBDC
Tarn Singh Lcsw
Whole Woman's Health Alliance

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.2 mi
AirportDriveWalkDistance
Charlottesville-Albemarle 22 min - 10.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: No
Cass Kawecki 434-987-2549 Colliers | Virginia
Cass Kawecki 434-987-2549 Colliers | Virginia