716 1ST STREET, Charlottesville, VA 22902

Fully renovated Duplex (2019) 3 blocks from the Charlottesville downtown Heritage Mall Historic District. The Mall was oficially listed on the National Register of Historic Places the past February 2024. This property lies adjacent to the extensive IX property, both of which were rezoned in December of 2-024 as NX-8. This Designation allows for 7-8-story buildings.
**After the renovation, everything in the building was new. It has 2, 2 bedroom units. The lower floor consists of 1,028 sq ft with 1 full and one half bath, full kitchen, laundry room, living room, study nook, and access to an unfinished basement of 325 sq ft. Along with its 2 bedrooms the upper level consists of 812 sq ft 1 full bath, a kitchen, and a living room. Both units have a washer and dryer and large front and rear decks. Parking in the rear for 4 cars, and the quiet street has public transportation. Google each “unit for rent” for photos. Both units are presently rented, unit #1 for $1940 monthly and unit #2 for $1760 per month.
**The vacant land next door and this property’s adjacent location to the vast IX property offer significant development potential with their new and shared NX-8 zoning