About This Home

This 0-bedroom, 0-bathroom commercial at 601 Cherry Avenue in Charlottesville, VA is listed for $3,200,000. Built in 1966, on a 0.65 acres lot.

Key Features

  • Built in 1966
  • 0.65 acre lot

Property Details

1 story
1966
Listing Description

This commercial property is ideally situated just a mile away from the hospital of UVA and mere minutes from the college of University of Virginia, ensuring high visibility and accessibility. Investment Opportunity: The lot is expandable, offering the potential for additional construction.

It currently includes two commercial units, generating an impressive rental income of approximately $8000 per month. Key Features Expandable lot for future development Two existing commercial units Close proximity to healthcare facilities and prestigious university of UVA High foot traffic area with excellent visibility Strong rental income potential This property is a perfect investment for those looking to capitalize on a prime location in the City of Charlotesville. Don't miss out on this exceptional opportunity!

Monthly Cost Estimate

$17,114/mo

20% down · 6.5% · 30 years

Principal$2,314
Interest$13,867
Insurance$933

Estimates only. Actual payments may vary.

Location

601 Cherry Avenue

Charlottesville, VA 22903

Property Details

Construction

Brick Block

Heating

Forced AirElectric (Heating)Heat Pump (Heating)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 601 Cherry Avenue is listed at $3,200,000. The estimated monthly payment is $17,114 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1966, 0.65 acre lot.

This property is listed by Travis Kidd.

TK

Travis Kidd

License 0225257990

Agent at ERA Woody Hogg and Asociates

Listed by ERA Woody Hogg and Asociates · Broker phone: (804) 559-4644 · Broker website

MLS# 2602745· Source: Central Virginia Regional Multiple Listing Service· 244 days on PropertySimple

Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

601 Cherry Avenue, Charlottesville, VA 22903

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