• East Jefferson St Assemblage - 818 E Jefferson St, Charlottesville, VA 22902

For Sale

Office

For Sale

This property is available for sale
0.46
Acres
$5,850,000
Sale Price
  • Overview

    Prominent corner location in Charlottesville's highly desirable Downtown business district

    Site consists of 0.714 acres located within the mixed-use Downtown Corridor zoning district, which allows for a variety of intensive commercial uses. By-right zoning allows for height of up to 6 stories. See enclosed Zoning Envelope Study.
    Currently improved with a 3-story, 20,192 gross square foot office building. This square footage includes 5,521 SF in a 3-story office condominium which is part of the Carter-Gilmer Place Condominiums, connected to the main office building
    In addition to the primary office building, the assemblage includes 33 onsite parking spaces and two free-standing structures (480 sf and 855 sf) that are currently vacant.
    While currently occupied, the office building will be vacated by the tenant around the end of 2021.
    Opportunities for the property could include comprehensive redevelopment of the site; renovation and expansion of the current office building; and development of excess land
    The current owner is also selling a 0.40 acre site located at 921 E Jefferson, 2 blocks away from the East Jefferson Street Assemblage. The two offerings can be purchased separately or as a combined package
    Strong demographics include a surrounding population of 186,477 with average household income of $104,495 with a 15-mile radius, and daytime population of 119,728 within a 5-mile radius.

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Property Details

Prominent corner location in Charlottesville's highly desirable Downtown business district

Site consists of 0.714 acres located within the mixed-use Downtown Corridor zoning district, which allows for a variety of intensive commercial uses. By-right zoning allows for height of up to 6 stories. See enclosed Zoning Envelope Study.
Currently improved with a 3-story, 20,192 gross square foot office building. This square footage includes 5,521 SF in a 3-story office condominium which is part of the Carter-Gilmer Place Condominiums, connected to the main office building
In addition to the primary office building, the assemblage includes 33 onsite parking spaces and two free-standing structures (480 sf and 855 sf) that are currently vacant.
While currently occupied, the office building will be vacated by the tenant around the end of 2021.
Opportunities for the property could include comprehensive redevelopment of the site; renovation and expansion of the current office building; and development of excess land
The current owner is also selling a 0.40 acre site located at 921 E Jefferson, 2 blocks away from the East Jefferson Street Assemblage. The two offerings can be purchased separately or as a combined package
Strong demographics include a surrounding population of 186,477 with average household income of $104,495 with a 15-mile radius, and daytime population of 119,728 within a 5-mile radius.

  • Property Type
    Office
  • Sale Price
    $5,850,000
  • Total Acres
    0.46
  • Zoning
    Downtown Corridor
  • Last updated
    Aug 03, 2021
  • Property ID
    2199947

Landlord's Sales Representatives

  • Casimer Kawecki
    Colliers | Charlottesville
     
  • Carolyn Shears
    Colliers | Charlottesville