500 HANOVER ST, Charlottesville, VA 22903

$415,000 Asking Price

4 beds
2 baths
1,910  sqft
Built in 1946

This 0.18-acre lot in Fifeville, Charlottesville, offers a unique redevelopment opportunity and can be subdivided. Currently featuring a house, the property is zoned R-B, allowing for a baseline of 6 units, which can increase to 8 units if the existing home is retained. For projects that include affordable housing, the potential expands to 12 units. With the adjacent 0.14-acre lot also for sale, this is an excellent chance to maximize development potential in a desirable neighborhood.

Features & Amenities

Interior

Rooms:
|Full Bath1|Full Bath2|
Basement:
Finished,Inside Access,Outside Entrance,Partly Finished
A/C:
Window Unit(s)
Heating:
Hot Water,None

Construction

General:
On Site Built, 2 Story, Concrete Slab

Location

County:
Charlottesville

Lot

Zoning:
RB Residential-Business District, LOT X FIFE'S ADDITION, 230093000

Utilities

Water:
Public Water
Sewer:
Public Sewer

This listing courtesy of:
FOUR CORNERS REAL ESTATE SOLUTIONS, LLC, LUKE COLE

About Charlottesville, VA

Housing

Number of Units
55,792
Median Home Value
$393,379
Median Rent
$1,185

48.83% of housing units are renter occupied.

7.04% are vacant.

Commute

Car
56.57%
Public Transportation
3.15%
Walk to Work
5.07%
Work from Home
33.24%
Other
0.58%

The median travel time to work is 13 minutes.

People

Population
126,233
Median Age
37.20
Median Household Size
2.50

Education

High School
13.42%
Associate’s Degree
4.65%
Bachelor’s Degree
30.51%
Graduate Degree
29.79%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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