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Renaissance Investment LLC Acquires Mixed-use Property In Charlottesville For $1.5M
SOLD
$1,500,000
Virginia
See Similar DealsMixed-use7,800 SF
Sold 07/14/2025
SOLD
Renaissance Investment LLC Acquires Mixed-use Property In Charlottesville For $1.5M
310 316 East Main Street
See Similar DealsMixed-use7,800 SF
Sold 07/14/2025
Summary
VIRGINIA
Asset Type:Mixed-use
Price Per Square Foot:$192
Total Square Footage:7,800 SF
Transaction Type:Sale
The mixed-use asset at 310-316 East Main Street in Charlottesville, VA, was sold for $1,500,000. The property encompasses a total area of 7,800 square feet, translating to a price per square foot of $192.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,500,000
- Address: 310-316 East Main Street
- Market: Charlottesville, VA
- Square Footage: 7,800
- Price per Square Foot: $192
- Buyer: Renaissance Investment, LLC
- Seller: GH Charlottesville VA, LLC
- Brokers: John Pritzlaff, Jenny Stoner, Josi Williams & Matt Greene - Cushman & Wakefield
Renaissance Investment acquired the former Greyhound property with prime downtown frontage near UVA and the Downtown Mall. The transaction was facilitated by Cushman & Wakefield | Thalhimer, showcasing the engagement of multiple professionals in the deal.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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