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316-318 E Main St
Charlottesville, VA 22902 Downtown Charlottesville

$4,500,000 USD

Office For Sale  •  28,500 SF

Property Details

  • Property Type Office
  • Total Building Size 28,500 SF
  • Lot Size 0.15 AC
  • Building Class A
  • Year Built 1908
  • Cap Rate 6.48 %
  • Tenancy Multiple
  • Zoning DX
45 Transit Score
99 Walk Score

Highlights

Prominent location with frontage on both the Downtown Pedestrian Mall and Water Street totally over 57 feet of high visible frontage.
Site is zoned for the maximum height and density allowed in the City, allowing for a variety of intensive commercial and residential uses
Excellent Value-add opportunity for investor, owner-occupier or developer.
Opportunities for the property could include leasing the existing vacant spaces, redevelopment, and conversion to an alternate by-right use
Priced well below the 2025 assessment.
Well-positioned investment opportunity in a supply constrained downtown Charlottesville market

Property Flyers

Cap Rate: 6.48 %

Major Tenants

Tenant SF Occupied Lease End Date
Uplift Traiing Club 6/30/2027
Uplift Training Club 2/28/2027

Amenities

  • Controlled Access
  • Security System
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
3 min 15 min 0.8 mi
AirportDriveWalkDistance
Charlottesville-Albemarle 22 min - 10.3 mi
Bartholomew McIntosh 434-262-3607 Colliers | Virginia
Bartholomew McIntosh 434-262-3607 Colliers | Virginia