FEATURED TRANSACTION

*This Property has been SOLD*

Historic Coca-Cola Bottling Building
Triple Tax Credit Candidate for Prime
Redevelopment Project in Downtown Charlottesville

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700-722 Preston Ave
Charlottesville, VA

Year Built: 1939
Gross Building Area SF: 37,932
Acreage: 1.88+
Price: $2,700,000
Municipality: City of Charlottesville
Zoning: CC Click here for Permitted Uses.
Primary Use: Office
Secondary Uses: Warehouse, Retail, Multifamily
  • Exceptional Prime Development Opportunity in Downtown Charlottesville
  • Property is a Short Walk to the Downtown Mall and Less than 1 mile to The University of Virginia
  • +/- 37,932 square foot Historic Art Deco Building adjoins a Large Development Parcel on a total of 1.88+ Acres
  • Triple Tax Credit Candidate (39% New Markets Tax Credit, 25% Virginia Historic Rehab Tax Credit, 20% Federal Historic Rehab Tax Credit)
  • Code Allows Building Height up to 80 feet with Special Use Permit; 55 feet By-Right
  • Offering includes 2 City of Charlottesville Parcels: 310038000 and 310019000
  • A Terrific Value Priced to Sell just above the 2013 Assessed Value

Click on the links below to see Surveys, Floor Plan and Building Code:

Click on the links below to see pictures of the Property and Building Amenities:

Click on the links below for information related to the Tax Credits:

Contact: Bob Kahn, CCIM at 434 245-5050.
Email: bob@bobkahnrealty.com
Directions: From Washington, DC: Heading south on Rt 29, get on Rt 250 heading east. Take a right on McIntire Road then a right on Preston Ave. Property is on your left just after you pass under the train trestle. From Richmond: Take I-64 to 5th Street. Take 5th Street toward downtown Charlottesville. Take a left on Preston Ave. Property is on your left just after you pass under the train trestle.