218 Ridge St 11,578 SF Specialty Building Offered at $1,989,186 CAD in Charlottesville, VA 22902

Welcome to 218 Ridge Street, a prime property located in the heart of downtown Charlottesville, VA. This expansive property boasts an impressive 11,578 square feet of space and is listed at $1,650,000. The property is zoned for Commercial Mixed Use (NX-8), which allows for a versatile range of uses. With its strategic location on the Entrance Corridor and proximity to the bustling Downtown Mall, this property offers potential buyers a unique opportunity to leverage its location for maximum impact. The building itself features one level with a fully finished basement. The corner lot positioning gives it excellent visibility from multiple directions. Onsite parking adds convenience for both residents and visitors alike. Currently leased on a month-to-month basis as an Assisted Living Facility, the flexible zoning rules allow for potential conversion into offices, retail spaces or residential units. The zoning area is designed specifically for Moderate Mixed use which encourages vibrant pedestrian-friendly storefront environments.
Charlottesville itself brims with amenities that enhance the appeal of this property. From gourmet dining options to boutique shopping experiences, art galleries, and cultural events, the city offers something for everyone. Outdoor enthusiasts will appreciate the easy access to beautiful parks and trails while history buffs will love exploring nearby historical sites.
This property's appeal lies not only in its substantial size but also in its potential versatility and prime location within one of Virginia’s most vibrant cities. This site allows for up to 8 stories. In working with a local Architect, we have targeted the potential to build 20 apartments on this site or expand and continue the use of the living facility and add more stories of space!
Whether you're looking to invest in commercial real estate or seeking an expansive space with numerous possibilities, 218 Ridge Street could be your next big opportunity.