490 Westfield Rd - Retail FOR SALE


Charlottesville, VA 22901
$3,100,000 USD
434-218-0043
490 Westfield Rd, Charlottesville, VA for Sale
$3,100,000 USD
Retail - FOR SALE
1/22
null | Request Cap Rate

NEW


490 Westfield Rd
Charlottesville, VA 22901


HIGHLIGHTS

  • Excellent Road Frontage on Main Corridor of Charlottesville-Albemarle - State Highway Route 29
  • Free Standing Building with over 11,000 Square Feet and Plenty of Parking
  • Multi-Tenant Occupancy and Zoned C-1 Commercial for Many Uses
  • Centrally Located only Minutes from the University of Virginia
  • Commercial Leases
  • Excellent Investment

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Retail, Office and Service Business Zoning!

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Storefront, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

C-1

APN/PARCEL ID

061W0-01-0C-00400

ASK ABOUT THIS PROPERTY

Tim CarsonReal Estate IIIMore Info
434-218-0043

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Tim CarsonReal Estate IIIMore Info
434-218-0043

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.