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Retail, Office and Service Business Zoning! 490 Westfield Rd 11,790 SF 95% Leased Retail Building Charlottesville, VA 22901 $3,768,984 CAD ($319.68 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Excellent Road Frontage on Main Corridor of Charlottesville-Albemarle - State Highway Route 29
  • Multi-Tenant Occupancy and Zoned C-1 Commercial for Many Uses
  • Commercial Leases
  • Free Standing Building with over 11,000 Square Feet and Plenty of Parking
  • Centrally Located only Minutes from the University of Virginia
  • Excellent Investment

EXECUTIVE SUMMARY

Introducing this exceptional Commercial property at 490 Westfield Rd, Charlottesville, VA 22902. This free-standing building is situated in the highly sought-after Albemarle County location and encompasses over 11,783 square feet of leasable space, with 4 distinct rental spaces, sitting on a one-acre lot. Priced at $3,100,000, this property is an excellent investment opportunity that offers great potential for growth.
The building is zoned C-1 and currently hosts multiple commercial leases, providing a steady income stream. The zoning allows for various uses making it an ideal location for service businesses or retail establishments seeking high visibility. The property boasts ample parking spaces ensuring convenience for all visitors and employees alike. Currently leased with monthly rents of about $18,000 per month.
One of the key highlights of this property is its strategic central location just minutes away from the University of Virginia and located in the shopping and service area of U.S Rt. 29/Seminole Trail. This proximity opens up a plethora of opportunities to cater to a diverse range of clientele.
Furthermore, this retail location benefits from excellent visibility from the Highway, enhancing its accessibility and drawing in more potential customers. Currently leased to Face Value Hair Salon, Offices for the Center Church, Hookaholic Vape Shop and Storage spaces for contractors or vendors. 
Charlottesville itself is a vibrant city filled with amenities that add value to this property's location. It offers a rich cultural scene with art galleries, theaters, and music venues close by. Outdoor enthusiasts will appreciate the easy access to parks and recreational areas for hiking, biking or simply enjoying nature's beauty.
In summary, 490 Westfield Rd presents an incredible opportunity for investors looking to capitalize on a versatile commercial property in an outstanding location within Charlottesville. With its extensive square footage, flexible zoning options and convenient features such as ample parking - not forgetting its prime position near the university and visible from the US Highway - this property truly stands out as a remarkable offering on today’s market.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,790 SF
Building Class
B
Year Built/Renovated
1960/2018
Price
$3,768,984 CAD
Price Per SF
$319.68 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.99 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial allows for a large variety of uses. See the documents section for details.
Parking
50 Spaces (4.24 Spaces per 1,000 SF Leased)
Frontage
100’ on Seminole Trail

AMENITIES

  • 24 Hour Access
  • Security System
  • Storage Space
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 200
  • 2,085 SF
  • Retail
  • -
  • 30 Days

Modern Design with multiple spaces for offices, meetings, projects and/or spaces for Service oriented businesses to meet with clients. Located directly on Rt.29 on the Southbound Side of the divided highway known as Seminole Trail. Centrally located between Greenbrier Drive and Rio Road, but only a few miles to the University of Virginia and the Downtown Business district. The space is all one floor, and is zoned Commercial use (C-1) which allows for a variety of uses, like Furniture , Appliances and Clothing Store sales, Food, Grocery, Antique store or jewelry, craft shops Retail stores, Research/Laboratories, Child day centers, Financial institutions, clubs, Religious assembly and office use, and more. Off street parking has 9+ spaces plus handicapped parking and is handicap accessible. The space includes a Bathroom, a kitchen/lounge area, rear entrance to an outdoor deck and a main entrance in front for multiple uses. The space was recently renovated prior to the last tenant, and the space is now ready for occupancy. Shown by appointment only, but easy to see since it is now vacant. Ceiling Height-All of the offices, entrance, kitchen and far right hallway are 10', hallway is 8'6", bathrooms 8' Tenant pays proportionate share of utility cost, taxes for the property.

Space Size Space Use Position Available
200 2,085 SF Retail - 30 Days

200

Size
2,085 SF
Space Use
Retail
Position
-
Available
30 Days

200

Size 2,085 SF
Space Use Retail
Position -
Available 30 Days

Modern Design with multiple spaces for offices, meetings, projects and/or spaces for Service oriented businesses to meet with clients. Located directly on Rt.29 on the Southbound Side of the divided highway known as Seminole Trail. Centrally located between Greenbrier Drive and Rio Road, but only a few miles to the University of Virginia and the Downtown Business district. The space is all one floor, and is zoned Commercial use (C-1) which allows for a variety of uses, like Furniture , Appliances and Clothing Store sales, Food, Grocery, Antique store or jewelry, craft shops Retail stores, Research/Laboratories, Child day centers, Financial institutions, clubs, Religious assembly and office use, and more. Off street parking has 9+ spaces plus handicapped parking and is handicap accessible. The space includes a Bathroom, a kitchen/lounge area, rear entrance to an outdoor deck and a main entrance in front for multiple uses. The space was recently renovated prior to the last tenant, and the space is now ready for occupancy. Shown by appointment only, but easy to see since it is now vacant. Ceiling Height-All of the offices, entrance, kitchen and far right hallway are 10', hallway is 8'6", bathrooms 8' Tenant pays proportionate share of utility cost, taxes for the property.

NEARBY MAJOR RETAILERS

Waffle House
Western Sizzlin
Food Lion
First Citizens Bank
Charles Schwab
Outback Steakhouse
BJ's Restaurant & Brewhouse
Mission BBQ
Lidl
Virginia Credit Union

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
061W0-01-0C-00400
Land Assessment
$2,182,677 CAD
Improvements Assessment
$626,825 CAD
Total Assessment
$2,809,502 CAD
  • Listing ID: 34069034

  • Date on Market: 2024-12-03

  • Last Updated:

  • Address: 490 Westfield Rd, Charlottesville, VA 22901

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