1005 Cherry Ave
Charlottesville, VA 22903
$400,000

3 bed
2.0 bath
1,648 sqft
0 acre lot

Investors, take note! This prime, 0.16-acre lot in the highly sought-after Fifeville neighborhood of Charlottesville offers an exceptional redevelopment opportunity. Zoned R-B, this property can be subdivided and allows for the development of up to 8 total units. Currently, a 3-bedroom, 2 bath home sits on the lot, which is currently rented. This presents various possibilities for maximizing its full potential. Enjoy the convenience of being within walking distance to UVA, The Corner, and the Downtown Mall. The train station is also nearby, and it’s just a quick drive to 5th Street Station shopping, offering a variety of dining and retail options. This is a rare chance to capitalize on a prime location in one of Charlottesville’s most vibrant areas.

Days On Market

Price Per Sqft

$242.72

Year Built

1900

Stories

Listing Type

Detached

MLS ID

659822

Region

Charlottesville

City

Charlottesville

Community

Fifeville

Additional Information

Cooling

Window Unit(s)

Heating

Forced Air

Construction

Vinyl

Garage

Water

None

Has Hoa

HOA Price

Schools

Elementary School

Johnson (charlottesville)

Middle School

Walker & Buford

High School

Charlottesville

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Listed by Nest Realty Group.
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