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406 W Main St - 332, 406, & 408 W Main St.

0.54 Acres of Residential Land Offered at $4,200,000 in Charlottesville, VA 22903

Residential Land & Home Lots Virginia Charlottesville 406 W Main St, Charlottesville, VA 22903

Investment Highlights

  • Great Infill Development Site
  • W Main St. Frontage
  • Walk to UVA and the Downtown Mall

Executive Summary

3 prime W Main St. infill parcels. Existing lease generating $10,000/month until 9/1/27. Rare development opportunity with new CX-5 zoning. Walk to UVA and the Historic Downtown Mall. Total size .54 acres.

Attachments

W. Main St. Flyer

Property Facts

Price $4,200,000 Property Type Land
Sale Type Investment Property Subtype Residential
No. Lots 1 Total Lot Size 0.54 AC
Price $4,200,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.54 AC

1 Lot Available

Lot

Price $4,200,000 Lot Size 0.54 AC
Price Per AC $7,777,777.78
Price $4,200,000
Price Per AC $7,777,777.78
Lot Size 0.54 AC

Three existing parking lot parcels on W Main St. totaling .54 acres that are zoned CX-5 for mixed use infill development.

Description

3 prime W Main St. infill development parcels zoned CX-5 which allows for 5 stories by right and 7 stories with bonus for additional affordable units. No density restrictions.

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406 W Main St, Charlottesville, VA - aerial map view - Image1
406 W Main St, Charlottesville, VA - aerial map view - Image2
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 290-013-000
  • 290-016-000
  • 290-014-000
 Improvements Assessment $491,100
Land Assessment $2,856,900 Total Assessment $3,348,000

PROPERTY TAXES

Parcel Numbers
Multiple
  • 290-013-000
  • 290-016-000
  • 290-014-000
Land Assessment
$2,856,900
Improvements Assessment
$491,100
Total Assessment
$3,348,000

zoning

Zoning Code CX-5 (Moderate to high-intensity mixed use.)
CX-5 (Moderate to high-intensity mixed use.)
(434) 960-6464

Contact

  • Listing ID: 32171645

  • Date on Market: 6/18/2024

  • Last Updated:

  • Address: 406 W Main St, Charlottesville, VA 22903

The Land Property at 406 W Main St, Charlottesville, VA 22903 is currently available for sale. Contact O’Connell Realty and Investments LLC for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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406 W Main St, Charlottesville, VA for sale Aerial- Image 1 of 4
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406 W Main St, Charlottesville, VA for sale Aerial- Image 2 of 4
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406 W Main St - 332, 406, & 408 W Main St.
(434) 960-6464 x

406 W Main St - 332, 406, & 408 W Main St.

John O'Connell

(434) 960-6464

(434) 960-6464

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