202-302-9742
600 W Main St, Charlottesville, VA for Sale
Apartments - FOR SALE
1/36
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600 W Main St
Charlottesville, VA 22903
Starr Hill


HIGHLIGHTS

  • 100% Leased Asset with Superior Market and Submarket Level Dynamics
  • Positive Rent Trends with Double Digit Trade-Outs and Mid Single Digit Renewals
  • High Barrier To Entry Market with Zero Development Supply Pressure Downtown
  • Irreplaceable Downtown Location Walkable to The University and Downtown Mall
  • Value Enhancements Proposition Through Modest Upgrades
  • Generational Opportunity to Acquire Below Replacement Cost

OVERVIEW

Walker & Dunlop's Mid-Atlantic Investment Sales team (WDIS) is pleased to announce the exclusive listing of 600 West Main, a 55-unit luxury mixed-use apartment community in the heart of downtown Charlottesville, Virginia This offering represents a generational opportunity to acquire a fully stabilized, 2020 vintage, Core+ opportunity experiencing exceptional organic rent growth with additional value enhancement opportunities. The property benefits from high barriers to entry and limited future supply, ensuring favorable property-level and submarket fundamentals that drive long-term stability and value appreciation. 600 W Main features superior, condo level finishes, state-of-the-art amenities, unmatched connectivity and ~6,000 SF of diversified retail that check all the boxes for today’s modern renter. Nestled in the foothills of the Blue Ridge Mountains, Charlottesville offers a unique blend of small-town charm and big-city amenities attracts residents and tourists from around the globe. The MSA’s history, culture and natural beauty are supported by a strong economic base, anchored by The University of Virginia, The University Hospital, and other major employers, providing long-term economic stability and growth. 600 West Main enjoys an ideal location within a walkable, urban setting, showcasing downtown Charlottesville's vibrant and eclectic character. The property is situated just a half-mile west of Charlottesville's Historic District, an 8-block pedestrian mall featuring over 120 shops and 30 restaurants, and a half-mile east of the University of Virginia Campus, recently ranked the 4th best public national university by U.S. News & World Report. The combination of 600 West Main's exceptional asset quality, prime Charlottesville location, high barriers to entry and limited development supply, within a strong multifamily submarket makes this an extremely rare investment opportunity.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

55

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Six Hundred West Main

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2020

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,322 SF

ZONING

WMEH

APN/PARCEL ID

290-007-000

ASK ABOUT THIS PROPERTY

Scott DoyleWalker & Dunlop LLCMore Info
202-302-9742

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Scott DoyleWalker & Dunlop LLCMore Info
202-302-9742

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