128 Summit St - Apartments FOR SALE


Charlottesville, VA 22903- Jefferson Park Avenue
$290,000 USD
434-294-6093
128 Summit St, Charlottesville, VA for Sale
$290,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

128 Summit St
Charlottesville, VA 22903
Jefferson Park Avenue


HIGHLIGHTS

  • Prime location! Steps from Downtown Charlottesville, UVA, and Route 29
  • Redevelopment potential! Spacious lot ideal for multifamily
  • Value-add opportunity! Transform this property into a high-return asset

OVERVIEW

Unlock the potential of this prime Charlottesville property! The offering is for two tax parcels at 128-130 Summit Street presenting an exceptional redevelopment opportunity in a sought-after location, ideal for multifamily development or other creative uses. Property Highlights: Strategic Location: Situated in a desirable Charlottesville neighborhood, this property offers convenient access to the University of Virginia, downtown amenities, and major transportation routes. Development Potential: Zoned for potential multifamily use, this property offers a blank canvas for investors and developers to create a lucrative residential project. Spacious Lot: The lot size provides ample space for a variety of development concepts, including townhomes or apartments. Value-Add Opportunity: Bring your vision and expertise to transform this property into a thriving asset in the Charlottesville real estate market. Ideal for: Developers seeking a prime location for a multifamily project Investors looking for a value-add opportunity in a growing market Builders eager to create high-quality housing in a desirable area Don't miss this chance to capitalize on a prime redevelopment opportunity in Charlottesville!

FOR SALE DETAILS

PRICE

$290,000 USD

PRICE/SF

$430 USD /SF

# OF UNITS

1

PRICE/UNIT

$290,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

128-130 Summit Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,108 SF

ZONING

R-B

APN/PARCEL ID

17A-002-000

ASK ABOUT THIS PROPERTY

Andy AustinDouble A Auction & RealtyMore Info
434-294-6093

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Andy AustinDouble A Auction & RealtyMore Info
434-294-6093

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