601 Cherry Avenue, Charlottesville, VA 22903
Charlottesville County
Key Facts
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!
Property Information
Property Type
Commercial Sale
Year Built
1966
Stories
1
Lot Size
0.65 acres
Ownership
Investment
MLS® Listing#
2602745
Property Features
Heating
Lot Features
Construction
Sewer
Financial Details
Parcel Number
290-233-100
Affordability Calculator
$640,000
Estimated monthly payment
$17,032/mo
Principal $2,560,000 · Est. interest $3,571,428 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Charlottesville, VA
- $564,583
- Median Listing Price
- 54
- Median Days on Market
- 2,184
- Median Sq Ft
- $272
- Median Price / Sq Ft
- 471
- Active Listings
- This home’s price is 467% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Charlottesville, VA.
Location
Points of Interest in Charlottesville, VA
Showing the Charlottesville area map.
Nearby Schools
Buford Middle School
Secondary · 0.4 mi away
Park Street Academy
School · 0.6 mi away
Village School
School · 0.7 mi away
Renaissance School
Secondary · 0.7 mi away
Venable Elementary School
Elementary · 0.8 mi away
Burley Middle School
Secondary · 0.9 mi away
Johnson Elementary School
Elementary · 0.9 mi away
Montessori School of Charlottesville
Elementary · 0.9 mi away
Clark Elementary School
Elementary · 1.0 mi away
Community Lab School
Secondary · 1.0 mi away
Charlottesville Day School
School · 1.1 mi away
Molly Michie Preschool
School · 1.1 mi away
Jackson Via Elementary School
Elementary · 1.2 mi away
Covenant School
School · 1.3 mi away
International School of Charlottesville
Elementary · 1.4 mi away
Orion Academy School
School · 1.4 mi away
Blue Ridge Juvenile Detention
School · 1.6 mi away
Burnley Moran Elementary School
Elementary · 1.6 mi away
University of Virginia Child Development Center - Charlottesville, VA
School · 1.6 mi away
St Anne's-Belfield School
School · 1.7 mi away
Commute Calculator
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Similar Home Values
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|---|---|---|---|---|
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| 2402 WINTHROP DR, CHARLOTTESVILLE, VA | $2,295,000/mo | 3 | 3 | 2,436 |
| 410 WHITE GABLES LN, CHARLOTTESVILLE, VA | $2,350,000 | 5 | 3 | 4,159 |
| 218 W WATER ST STREET 801, CHARLOTTESVILLE, VA | $2,395,000 | 3 | 3 | 3,629 |
| 1500 LONDON RD, CHARLOTTESVILLE, VA | $2,395,000 | 4 | 5 | 4,228 |
| 1462 OWENSVILLE RD, CHARLOTTESVILLE, VA | $2,450,000 | 5 | 8 | 7,769 |
Moving Cost Estimate
EXIT Agents in Charlottesville
Listing Courtesy: ERA Woody Hogg & Assoc - 8045594644
Presented by: Travis Kidd
Last Updated: 2026-03-02