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

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