MCRES Named Sales Broker for Development Play Opportunity in Charlottesville, VA
Approximate four-acre site, with upzoning, can support higher density development
MacKenzie Commercial Real Estate Services has been named the exclusive leasing broker of record for an approximately four-acre parcel situated at 4819-4831 Seminole Trail in Charlottesville, Virginia which presently contains a restaurant building and two single-family homes. MacKenzie’s Sam Orr, Executive Vice President, and Brian Thomas, Real Estate Advisor are handling the assignment on behalf of the brokerage firm who indicate, with proper rezoning, the site can support higher density development.
Situated in Albermarle County and featuring roadside frontage and visibility from VA Route 29, the primary north-south artery serving Charlottesville. The site has been subdivided into separate 2.70- and 1.38-acre parcels.The site is within proximity to major demand drivers including the University of Virginia, UVA Health System, downtown Charlottesville, and several existing retail centers which draw a diverse customer base.
“This site provides an excellent opportunity for a development entity or investor to acquire a strategically-located property with significant long-term appreciation,” explained MacKenzie’s Orr. “4819-4831 Seminole Trail could support a higher density development including the potential for small multifamily, as well as a smaller-scale commercial building that aligns with the existing residential character. We view this site as an ideal infill development prospect within a rapidly-growing corridor, which leverages the existing infrastructure and nearby amenities.”
The MacKenzie Companies operates five full-service divisions addressing all real estate asset classes including MacKenzie Commercial Real Estate Services, MacKenzie Management, MacKenzie Capital, MacKenzie Contracting and MacKenzie Investment Group. For additional information, visit Virginia | MacKenzie Commercial Real Estate
