490 Westfield Rd - Storefront Retail/Office FOR SALE


Charlottesville, VA 22901
$2,800,000 USD
434-262-3607
490 Westfield Rd, Charlottesville, VA for Sale
$2,800,000 USD
Storefront Retail/Office - FOR SALE
1/75
null | Request Cap Rate

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490 Westfield Rd
Charlottesville, VA 22901


HIGHLIGHTS

  • 11,783 SF For Sale
  • Southbound Gateway Location
  • Immediate Value-Add Upside
  • Flexible by-Right Zoning (C1 Commercial)
  • Long-Term Redevelopment Potential

OVERVIEW

490 Westfield Road presents a rare opportunity to acquire a multi-tenant retail asset at one of the most strategically positioned corners in Charlottesville’s thriving Route 29 corridor, the southbound gateway into the city. Situated on 0.987 acres at the hard corner of Westfield Road and Seminole Trail (Route 29), this 11,783 SF, two story building offers investors, owner-occupiers, and developers a compelling entry point into one of Central Virginia’s most supply-constrained commercial corridors. With 53,000 vehicles per day passing the site and a densely populated, high-income surrounding trade area, the property’s visibility, accessibility, and long-term land value are exceptional.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

C-1

APN/PARCEL ID

061W0-01-0C-00400

ASK ABOUT THIS PROPERTY

Bartholomew McIntoshColliers | VirginiaMore Info
434-262-3607

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Bartholomew McIntoshColliers | VirginiaMore Info
434-262-3607

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