Martha Jefferson Hospital puts 26 Downtown properties on the market

Martha Jefferson Hospital (MJH) announced today that 26 properties owned by the hospital around its Locus Avenue campus are on the market.

In September, local developers Octagon Partners purchased MJH’s Downtown hospital building. One month later, MJH announced a merger with Sentara Healthcare, a not-for-profit health system based in Norfolk that generated $1.7 billion in revenue in 2009. MJH will move to its new facility on Pantops this August.

According to a news release, MJH worked with local real estate broker CB Richard Ellis to prepare the 26 properties as 11 listings. Five listings include multiple properties, and six feature individual properties. Individual properties include a two-story house on Lexington Avenue priced at $225,000 and a condo on East Market Street priced at $870,000. The grouped properties include seven Tarlton Oaks lots zoned for mixed-use development and priced at $2.45 million.

“Our goal has always been to find ways to ensure the neighborhood surrounding Martha Jefferson is left in good hands when we leave the downtown campus,” said Ron Cottrell, MJH Vice President of Planning, in the release.

“We recognize what an important asset these properties are to the neighborhood and the city of Charlottesville and we believe the different offerings will support the best potential future uses of this prime real estate.”

Rumors of a Downtown grocery store have circulated for years. Might these properties provide an opportunity? Or have you heard other plans for the Martha Jefferson properties? Leave your thoughts below.


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