601 Cherry AVE, Charlottesville, VA 22903
601 Cherry AVE, Charlottesville, VA 22903
601 Cherry AVE, Charlottesville, VA 22903
601 Cherry AVE, Charlottesville, VA 22903
601 Cherry AVE, Charlottesville, VA 22903
601 Cherry AVE, Charlottesville, VA 22903
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$ 3,200,000
Est. payment | /mo

0.65 Acres Lot


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$ 3,200,000
Est. payment | /mo
Save

0.65 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2602745

Construction Status Approximate

HOA Y/N No

Year Built 1966

Lot Size 0.650 Acres

Acres 0.65

Property Description

This commercial property is ideally situated just a mile away from the hospital of UVA and mere minutes from the college of University of Virginia, ensuring high visibility and accessibility.
Investment Opportunity: The lot is expandable, offering the potential for additional construction. It currently includes two commercial units, generating an impressive rental income of approximately $8000 per month.
Key Features
Expandable lot for future development
Two existing commercial units
Close proximity to healthcare facilities and prestigious university of UVA
High foot traffic area with excellent visibility
Strong rental income potential
This property is a perfect investment for those looking to capitalize on a prime location in the City of Charlotesville. Don't miss out on this exceptional opportunity!

Location

State VA

County Charlottesville

Area 232 - Charlottesville

Interior

Heating Electric, Forced Air, Heat Pump

Exterior

Topography Level

Building

Lot Description Level

Building Description Brick,Block, Multi-Tenant

Story 1

Sewer Public Sewer

Water Community/Coop

Level or Stories One

Structure Type Brick,Block

Construction Status Approximate

Others

Tax ID 290-233-100

Ownership Investment

Central Virginia Regional MLS (CVR MLS)
Listed by ERA Woody Hogg & Assoc

Nearby Locations

Brandon Jenkins

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(804) 929-3459

brandon.jenkins@jenkinsrealestategroup.com

9200 Center Oak Court Suite A, Mechanicsville, Virginia, 23116, USA

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601 Cherry AVE