Retail, Office and Service Business Zoning! | 490 Westfield Rd
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Retail, Office and Service Business Zoning! 490 Westfield Rd
11,790 SF 95% Leased Retail Building Charlottesville, VA 22901 $3,100,000 ($263/SF)
Investment Highlights
- Excellent Road Frontage on Main Corridor of Charlottesville-Albemarle - State Highway Route 29
- Multi-Tenant Occupancy and Zoned C-1 Commercial for Many Uses
- Commercial Leases
- Free Standing Building with over 11,000 Square Feet and Plenty of Parking
- Centrally Located only Minutes from the University of Virginia
- Excellent Investment
Executive Summary
Introducing this exceptional Commercial property at 490 Westfield Rd, Charlottesville, VA 22902. This free-standing building is situated in the highly sought-after Albemarle County location and encompasses over 11,783 square feet of leasable space, with 4 distinct rental spaces, sitting on a one-acre lot. Priced at $3,100,000, this property is an excellent investment opportunity that offers great potential for growth.
The building is zoned C-1 and currently hosts multiple commercial leases, providing a steady income stream. The zoning allows for various uses making it an ideal location for service businesses or retail establishments seeking high visibility. The property boasts ample parking spaces ensuring convenience for all visitors and employees alike. Currently leased with monthly rents of about $18,000 per month.
One of the key highlights of this property is its strategic central location just minutes away from the University of Virginia and located in the shopping and service area of U.S Rt. 29/Seminole Trail. This proximity opens up a plethora of opportunities to cater to a diverse range of clientele.
Furthermore, this retail location benefits from excellent visibility from the Highway, enhancing its accessibility and drawing in more potential customers. Currently leased to Face Value Hair Salon, Offices for the Center Church, Hookaholic Vape Shop and Storage spaces for contractors or vendors.
Charlottesville itself is a vibrant city filled with amenities that add value to this property's location. It offers a rich cultural scene with art galleries, theaters, and music venues close by. Outdoor enthusiasts will appreciate the easy access to parks and recreational areas for hiking, biking or simply enjoying nature's beauty.
In summary, 490 Westfield Rd presents an incredible opportunity for investors looking to capitalize on a versatile commercial property in an outstanding location within Charlottesville. With its extensive square footage, flexible zoning options and convenient features such as ample parking - not forgetting its prime position near the university and visible from the US Highway - this property truly stands out as a remarkable offering on today’s market.
The building is zoned C-1 and currently hosts multiple commercial leases, providing a steady income stream. The zoning allows for various uses making it an ideal location for service businesses or retail establishments seeking high visibility. The property boasts ample parking spaces ensuring convenience for all visitors and employees alike. Currently leased with monthly rents of about $18,000 per month.
One of the key highlights of this property is its strategic central location just minutes away from the University of Virginia and located in the shopping and service area of U.S Rt. 29/Seminole Trail. This proximity opens up a plethora of opportunities to cater to a diverse range of clientele.
Furthermore, this retail location benefits from excellent visibility from the Highway, enhancing its accessibility and drawing in more potential customers. Currently leased to Face Value Hair Salon, Offices for the Center Church, Hookaholic Vape Shop and Storage spaces for contractors or vendors.
Charlottesville itself is a vibrant city filled with amenities that add value to this property's location. It offers a rich cultural scene with art galleries, theaters, and music venues close by. Outdoor enthusiasts will appreciate the easy access to parks and recreational areas for hiking, biking or simply enjoying nature's beauty.
In summary, 490 Westfield Rd presents an incredible opportunity for investors looking to capitalize on a versatile commercial property in an outstanding location within Charlottesville. With its extensive square footage, flexible zoning options and convenient features such as ample parking - not forgetting its prime position near the university and visible from the US Highway - this property truly stands out as a remarkable offering on today’s market.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
11,790 SF
Building Class
B
Year Built/Renovated
1960/2018
Price
$3,100,000
Price Per SF
$263
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Land Acres
0.99 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial allows for a large variety of uses. See the documents section for details.
Parking
50 Spaces (4.24 Spaces per 1,000 SF Leased)
Frontage
100 FT on Seminole Trail
Amenities
- 24 Hour Access
- Security System
- Storage Space
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 061W0-01-0C-00400 | Improvements Assessment | $771,600 |
| Land Assessment | $1,547,800 | Total Assessment | $2,319,400 |
PROPERTY TAXES
Parcel Number
061W0-01-0C-00400
Land Assessment
$1,547,800
Improvements Assessment
$771,600
Total Assessment
$2,319,400
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Retail, Office and Service Business Zoning! | 490 Westfield Rd
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