Active
128 Summit St
Charlottesville VA, 22903
$309,000
$457.78 per sqft
Active
2 Beds
1 Bath
675 sqft
Residential
Built in 1946
Unlock the potential of this prime Charlottesville property! The offering is for two tax parcels at 128-130 Summit Street presenting an exceptional redevelopment opportunity in a sought-after location, ideal for multifamily development or other creative uses.
Property Highlights:
Strategic Location: Situated in a desirable Charlottesville neighborhood, this property offers convenient access to the University of Virginia, downtown amenities, and major transportation routes.
Development Potential: Zoned for potential multifamily use, this property offers a blank canvas for investors and developers to create a lucrative residential project.
Spacious Lot: The generous lot size provides ample space for a variety of development concepts, including townhomes, apartments, or a mixed-use project.
Value-Add Opportunity: Bring your vision and expertise to transform this property into a thriving asset in the Charlottesville real estate market.
Ideal for:
Developers seeking a prime location for a multifamily project
Investors looking for a value-add opportunity in a growing market
Builders eager to create high-quality housing in a desirable area
Don't miss this chance to capitalize on a prime redevelopment opportunity in Charlottesville!
2500161
MLSⓇ ID
January 2, 2025
Listed
February 22, 2025
Updated
Interior Features
Total Stories
1
Bedrooms
2
Total Bathrooms
1
Full Bathrooms
1
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.6 Acres
Architectural Style
Bungalow, Cottage
Roof
Shingle
Sewer
Septic Tank
School Information
High School
Charlottesville
Elementary School
Venable
Other Property Details
Area Name
232 - Charlottesville
Taxes
$1
Tax Frequency
Annually
Days on Market
81
Garage
No
View
No
County
Charlottesville
Water Source
Public
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
---|---|---|
2/22/2025 | Price change | $309,000 23% |
2/8/2025 | Price change | $250,000 -17% |
Listed by Double A Auction & Realty, Andy Austin, (434) 294-6093
All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listings are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
Date last updated: 2/22/2025