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332-408 W Main St 0.54 Acres of Residential Land Offered at $5,149,918 CAD in Charlottesville, VA 22903
Investment Highlights
- 0.54 acres ± with exceptional frontage on W. Main Street, ensuring maximum brand exposure and constant foot/vehicular traffic
- Ability to build 7 stories over parking for a total of 105-one-and-two-bedroom units with additional surface parking
- Positioned on the primary artery connecting the 30,000+ students and faculty at UVA to the thriving business district of Downtown Charlottesville
- One of the last remaining development opportunities in the heart of Downtown Charlottesville
- No density restrictions, 5 stories by right with up to 7 stories
Executive Summary
322–408 W Main Street is a 0.54-acre prime development site in Downtown Charlottesville offering exceptional frontage on a high-traffic corridor, maximizing visibility and exposure. Located at a signalized intersection along the main route connecting UVA’s 30,000+ students and faculty to the downtown business district, it represents one of the last major development opportunities in the area. The property allows for up to 7 stories (5 by right) with no density restrictions, supporting a potential 105-unit residential project with additional parking, plus incentives for including affordable housing.
Property Facts
| Price | $5,149,918 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.54 AC |
| Property Type | Land | ||
| Zoning | CX-5 - Moderate to high-intensity mixed use. | ||
| Price | $5,149,918 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.54 AC |
| Zoning | CX-5 - Moderate to high-intensity mixed use. |
1 Lot Available
Lot
| Price | $5,149,918 CAD | Lot Size | 0.54 AC |
| Price Per AC | $9,536,884.80 CAD |
| Price | $5,149,918 CAD |
| Price Per AC | $9,536,884.80 CAD |
| Lot Size | 0.54 AC |
3 prime W. Main infill parcels. Existing lease in place generating $10,000/month until 9/1/2027. Rare development opportunity with new CX-5 zoning. Five stories by right, up to 7 stories. 332, 406 & 408 W. Main, Charlottesville, VA
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
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332-408 W Main St
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