NEW TO MARKET! - Downtown Charlottesville Investment Property Available For Sale

PRICE REDUCTION: $3,895,000

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.