500 Hanover St, Charlottesville VA 22903

$450,000
MLS #:656098

4beds
2baths
0half-baths
1,546sq ft
0.18acres

Neighborhood: Fifeville

Square Ft Finished: 1,546

Square Ft Unfinished: 364

Elementary School: Johnson (Charlottesville)

Middle School: Walker & Buford

High School: Charlottesville

Property Type: residential

Subcategory: Detached

HOA: No

Area: Charlottesville

Year Built: 1946

Price per Sq. Ft: $291.07

1st Floor Master Bedroom: Yes

HOA fee: $0

Stories: 2 Story

Garage Num Cars: 0.0

Cooling: Window Unit(s)

Air Conditioning: Window Unit(s)

Heating: Hot Water, None

Water: Public Water

Sewer: Public Sewer

Basement: Yes

Kickout: No

Annual Taxes: $3,227

Tax Year: 2023

Legal: LOT X FIFE'S ADDITION

Directions: I-64 E Charlottesville, take the exit onto 5th St. Southwest, turn left onto 5th St. Southwest toward Charlottesville, turn left onto Cherry Avenue, turn right onto Hanover Street, and the destination is on your right at 500 Hanover St.

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.

Days on Market: 25

Updated: 9/01/24

Courtesy of: Four Corners Real Estate Solutions, Llc

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Directions:

I-64 E Charlottesville, take the exit onto 5th St. Southwest, turn left onto 5th St. Southwest toward Charlottesville, turn left onto Cherry Avenue, turn right onto Hanover Street, and the destination is on your right at 500 Hanover St.
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Listing Office: Four Corners Real Estate Solutions, Llc