316 E Main St - Office FOR SALE


Charlottesville, VA 22902- Downtown Charlottesville
$6,500,000 USD
434-996-3333
316 E Main St, Charlottesville, VA for Sale
$6,500,000 USD
Office - FOR SALE
1/26
null | 5.23% Cap Rate

Aug '25


316 E Main St
Charlottesville, VA 22902
Downtown Charlottesville


HIGHLIGHTS

  • Fronts on downtown walking mall
  • Completely remodeled in 2008 to become a Class A building.
  • Much of the space is open with exposed ceilings & walls.

OVERVIEW

Bldg. is 100% occupied. The major tenant agreed to a buy-of out the remaining 3 years of a long-term lease due to a post Covid employee "work from home business plan."Their lease covered the 3rd & 4th floor. So it would be available for occupancy by new user owner by August 31st. New Leasing details are available through the listing broker. Two new tenants started leases on July 1, 2025. Gross Scheduled rent was $490,000. The projected NOI was $340,000. CAP Rate is 5.23% with projected rents. Owner will consider negotiating a guaranteed lease for the vacant space - 11,920 SF.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$241 USD /SF

CAP RATE

5.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Hardware Store

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

DH

APN/PARCEL ID

280-042-000

ASK ABOUT THIS PROPERTY

Hock Hockensmith, CCIMHoward Hanna|Roy Wheeler Realty Co.More Info
434-996-3333

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Hock Hockensmith, CCIMHoward Hanna|Roy Wheeler Realty Co.More Info
434-996-3333

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