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2205 South Main St 2.3 Acres of Commercial Land Offered at $1,535,512 CAD in Blacksburg, VA 24060

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INVESTMENT HIGHLIGHTS

  • Over 2 acres fronting on South Main Street and Zoned GENERAL COMMERCIAL.
  • Close proximity to Virginia Tech University and airport

EXECUTIVE SUMMARY

FOR SALE BY OWNER.
282 feet of Road Frontage level with Main Street. TRAFFIC COUNT is 25,000 vehicles per day. Main Street is a divided highway with crossover access. This property also has a CROSS ACCESS EASEMENT with the WILCO/BOJANGLES property next door.
Roanoke Airport 49 minute drive. VIRGINIA TECH and LANE STADIUM a 10 minute drive. GO HOKIES! Virginia Tech Corporate Research Center a 5 minute drive. VT Airport a 5 minute drive. DOWNTOWN BLACKSBURG a 10 minute drive.
ZONED GC/GENERAL COMMERCIAL.
The adjoining property to the North is vacant and owned by the FAA Airport Authority. It will remain vacant as a runway exclusion zone.
Contacts:
Scott Noonkester 540-552-3331
Jay Noonkester 803-646-4757
Eric Noonkester 540-353-4009

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER AC (CAD)
Gross Rental Income $13,401 $5,826.45
Other Income - -
Vacancy Loss - -
Effective Gross Income $13,401 $5,826.45
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $13,401
Annual Per AC $5,826.45
Other Income (CAD)
Annual -
Annual Per AC -
Vacancy Loss (CAD)
Annual -
Annual Per AC -
Effective Gross Income (CAD)
Annual $13,401
Annual Per AC $5,826.45
Net Operating Income (CAD)
Annual -
Annual Per AC -

PROPERTY FACTS

Price $1,535,512 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Hotel
  • Motel
  • Restaurant
Total Lot Size 2.30 AC
Opportunity Zone Yes
Zoning GC - GENERAL COMMERCIAL

1 LOT AVAILABLE

Lot 013475

Price $1,535,512 CAD
Price Per AC $667,613.93 CAD
Lot Size 2.30 AC

Frontage is level with Main Street. Lays flat. But drops off in the back to a small stream. High visibility and high traffic count. This COMMERCIAL PROPERTY has a TRAFFIC COUNT of 25,000 VEHICLES DAY. CROSS ACCESS EASEMENT with the WILCO next door.

DESCRIPTION

The current tenant is Highland Tree Service.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
013475
Land Assessment
$1,390,641 CAD (2025)
Improvements Assessment
$34,547 CAD (2025)
Total Assessment
$1,425,188 CAD (2025)
  • Listing ID: 18180380

  • Date on Market: 2020-01-14

  • Last Updated:

  • Address: 2205 South Main St, Blacksburg, VA 24060

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