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2363 Commonwealth Dr 5,097 SF Retail Building Charlottesville, VA 22901 For Sale
INVESTMENT HIGHLIGHTS
- Modernized interior including updated plumbing, ADA-compliant restrooms on both levels, and new wood/vinyl flooring throughout
- Parking lot with a dedicated circulation pattern
- Ideal corner lot situated off Commonwealth Drive with easy access to major commuter corridors
- Rare outdoor space featuring an adjacent fenced grass area and dedicated side yard, providing a secure and expansive outdoor play area
- 100% Leased to Rita’s Bright Beginnings, LLC, an established local early education provider
- Excellent visibility and accessibility within one of Charlottesville’s established commercial and residential arteries
EXECUTIVE SUMMARY
2363 Commonwealth Drive is a ±5,097 SF, two-story flex building on a prominent corner lot in Charlottesville, extensively redeveloped in 2024/2025 with modern interiors, ADA-compliant restrooms, and new flooring throughout. The property offers rare outdoor space with a fenced grass area and side yard, ample parking, and strong visibility with easy access to major commuter routes. It is 100% leased to Rita’s Bright Beginnings, LLC through June 30, 2030, with a five-year renewal option, providing a stable investment in an established commercial and residential corridor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,097 SF
Building Class
B
Year Built
2025
Tenancy
Single
Building Height
2 Stories
Building FAR
0.22
Lot Size
0.53 AC
Opportunity Zone
Yes
Zoning
CO
Parking
17 Spaces (3.34 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 061W0-01-0B-00200 | Improvements Assessment | $254,031 CAD |
| Land Assessment | $606,579 CAD | Total Assessment | $860,610 CAD |
PROPERTY TAXES
Parcel Number
061W0-01-0B-00200
Land Assessment
$606,579 CAD
Improvements Assessment
$254,031 CAD
Total Assessment
$860,610 CAD
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2363 Commonwealth Dr
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