Monticello Road LLC Acquires Belmont Market Building From Jefferson Street Properties LLC For $1.2M

This retail asset, located at 834 Monticello Road in Charlottesville, VA, has a sale price of $1,200,000. The property encompasses a total area of 3,092 square feet, equating to approximately $388 per square foot. The asset was formerly known as the Belmont Market building.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,200,000
• Buyer: Monticello Road, LLC
• Seller: Jefferson Street Properties, LLC
• Brokers: Jenny Stoner, John Pritzlaff & Josephine Williams - Cushman & Wakefield
• Date of Sale: 05/01/2026

Cushman & Wakefield | Thalhimer facilitated the transaction, with Monticello Road, LLC acquiring the historic asset from Jefferson Street Properties, LLC, intending to undertake redevelopment of the property.