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Historic Coca-Cola Building for Sale in Charlottesville - NBC29 WVIR Charlottesville, VA News, Sports and Weather

Historic Coca-Cola Building for Sale in Charlottesville

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Historic Coca-Cola building on Preston Avenue in Charlottesville Historic Coca-Cola building on Preston Avenue in Charlottesville

The historic Coca-Cola building on Preston Avenue in Charlottesville is back on the market.

Charlottesville-based Indoor Biotechnologies Inc. bought the building in 2011, with plans to renovate and expand it into a collaborative, business space. But financing troubles have led the firm to scrap the project and put the building back up for sale.

Owners hope the building's new historic status will help make the property more attractive.

"We did the work on the windows, which enabled us to get the historic tax credits. And depending on how the property is developed, there are over $2 million of historic tax credits available for this project," said Martin Chapman, CEO of Indoor Biotechnologies Inc.

Since putting the building up for sale earlier this week, the firm says it has already shown it to several interested buyers.

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