100 10th St - Office FOR SALE


Charlottesville, VA 22902- Martha Jefferson
$4,695,000 USD
540-336-1945
100 10th St, Charlottesville, VA for Sale
$4,695,000 USD
Office - FOR SALE
1/24
null | Request Cap Rate

100 10th St
Charlottesville, VA 22902
Martha Jefferson


HIGHLIGHTS

  • Prominent downtown commercial property on a corner, signalized intersection
  • Significant on-site parking available, both covered and surface lot
  • Well positioned investment opportunity in a supply constrained downtown Charlottesville market

OVERVIEW

Colliers is pleased to offer the opportunity to acquire the second and third floors of 100 Tenth St, Charlottesville, Virginia (“100 10th” or the “Property”), a prominent three-story condominium office building situated in the vibrant downtown Charlottesville market. Nestled just east of the historic, pedestrian Downtown Mall, and just minutes from University of Virginia, major arteries such as Route 29N and Interstate 64, the Property epitomizes the Class A experience with its strategic location, high end finishes, and strong tenant base. Sitting on the corner, at a signalized intersection, this building is currently zoned CX-5, a mixed-use district designed for moderate to high-intensity mixed-use, office and residential buildings, intended for pedestrian-friendly environments.  Should the investor obtain control or work with first floor ownership, there is a developable portion of the property that could increase the density on-site, with flexibility to add multifamily, residential condos, a hotel, or additional office space.  Strong parking ratios has helped attract and retain tenants in a parking constrained downtown Charlottesville market. 100 Tenth St, with its upscale interior finishes and strategic location, is also positioned as a cost-effective alternative to the priciest options in Downtown Charlottesville, ensuring a reliable and stable income stream for investors.  With its superb mix of top-tier tenants, building amenities, and exceptional location, The Property represents an outstanding investment opportunity.  Investors are presented with the rare chance to secure a stable, cash-flowing asset known for attracting and retaining high-quality tenants, with additional upside via potential development under the CX-5 zoning.

FOR SALE DETAILS

PRICE

$4,695,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100 Tenth Street

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

CX-5

APN/PARCEL ID

540-277-A10

ASK ABOUT THIS PROPERTY

Jay O'DonnellColliers | VirginiaMore Info
540-336-1945

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

Jay O'DonnellColliers | VirginiaMore Info
540-336-1945

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