1201 5th Street - 1201 5th St SW, Charlottesville, VA 22902

Prominent I-64 location at Exit 120, a key gateway corridor to Downtown Charlottesville and the University of Virginia, which is located less than 2.5 miles away

Site consists of 17.2 acres zoned Highway Commercial which allows for a variety of intensive commercial uses including hotels, retail, and office
Property currently improved with a 39,719 SF office building, abundant parking, access road, and connections to public utilities. (While currently occupied, the office building will be delivered vacant at closing)
Property includes cell tower with long term leases in place, providing for stable in-place income
Opportunities for the property could include comprehensive redevelopment of the site; renovation and expansion of the current office building; and development of excess land
Recent floodplain reclamation study indicates viability to create an approximately 2.3 acre pad site
Located within an established retail corridor and within close proximity to 5th Street Station, a 470,000 SF power center anchored by Wegman’s, Dick’s Sporting Goods / Field and Stream, PetSmart, and Panera Bread Company
Excellent accessibility from both traffic directions on 5th Street (traffic count of 29,000 VPD), with median break and turn lane at the entrance to the property
Property benefits from frontage and high visibility from Interstate-64, a highly traveled east west connector between Richmond, Charlottesville, and points west, boasting a traffic count of 51,000 VPD
Strong demographics include a surrounding population of 160,355 with average household income of $105,039 with a 15-mile radius, and daytime population of 111,052 within a 5-mile radius