2200 S Main St 19,000 SF 87% Leased Office Building Blacksburg, VA 24060 For Sale

2200 S Main Street presents a stabilized NNN-leased investment anchored by two established tenants in a rapidly expanding technology-driven market. The asset offers long-term income security supported by a weighted average lease term of 5.67 years, tenant renewal options, and a high-quality renovation completed between 2021 and 2023. Located in Blacksburg—Montgomery County’s fastest-growing locality and home to Virginia Tech—the property sits within an economic hub driven by research, engineering, technology firms, and a strong professional employment base. This positioning enhances the long-term resilience of the asset and supports steady demand for office and service-oriented uses.
The building features a single-story configuration with professional landscaping, metal panel exterior finishes, and a TPO roof installed in 2015. Recent interior and structural improvements underscore operational efficiency and long-term durability, including a new 18-ton HVAC unit. The property spans 2.886 acres with a parking ratio of approximately 4 per 1,000 square feet, supporting tenant operations and customer needs. With 87 percent occupancy and defined rent escalations, the asset provides consistent annual income growth.
The surrounding area includes the Virginia Tech Corporate Research Center, downtown Blacksburg, and significant new commercial development along South Main Street. The region’s diverse employer base, growing residential sectors, and strong transportation connectivity contribute to stable long-term appreciation prospects. The tenant mix includes TRC Companies, an internationally recognized engineering and environmental firm recently acquired by WSP Global, and University Physical Therapy, a subsidiary of publicly traded U.S. Physical Therapy Inc. Both tenants operate under NNN structures with responsibility for utilities and operating expenses, reducing landlord obligations and enhancing net returns.
This combination of quality tenancy, recent capital improvements, and prime positioning in a thriving university-anchored market makes 2200 S Main Street a compelling long-term investment opportunity.