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2206 S Main St
Blacksburg, VA 24060
Land For Sale
·
2.79 AC
EXECUTIVE SUMMARY
The property consists of 18,000 square feet of office space. The owner is willing to consider offers for the price of the land plus demolition costs.
Property w/ tremendous investment potential. Located in Blacksburg OPPORTUNITY ZONE & 1031 exchange potential. Major lessee ( Approx 18,000 sq ft ) currently on lease until December 31 2021..other lessees month-to-month. Potential income $320,000 + dollars annually. Approx 25,000 VEHICLES PER DAY. Divided highway with crossover access. Fiber-optic cable installed. Property for sale or lease. Will build to suit committed prospective lessee. 98 total marked parking spaces. Airport within 5 minutes... Va Tech Corporate Research Center within 5 minutes Across the street from new apartment construction: 200 Bedrooms
DIRECTIONS:
From 460 Bypass, enter South Main Street at Exit 5A and proceed to South Main Street. Property located at bottom of the hill on the left side of the street directly across from Speedway / Bojangles From Downtown Blacksburg, proceed south on Main Street, pass First & Main Shopping Mall, pass National Bank of Blacksburg and property on right directly across from Speedway / Bojangles.
Property w/ tremendous investment potential. Located in Blacksburg OPPORTUNITY ZONE & 1031 exchange potential. Major lessee ( Approx 18,000 sq ft ) currently on lease until December 31 2021..other lessees month-to-month. Potential income $320,000 + dollars annually. Approx 25,000 VEHICLES PER DAY. Divided highway with crossover access. Fiber-optic cable installed. Property for sale or lease. Will build to suit committed prospective lessee. 98 total marked parking spaces. Airport within 5 minutes... Va Tech Corporate Research Center within 5 minutes Across the street from new apartment construction: 200 Bedrooms
DIRECTIONS:
From 460 Bypass, enter South Main Street at Exit 5A and proceed to South Main Street. Property located at bottom of the hill on the left side of the street directly across from Speedway / Bojangles From Downtown Blacksburg, proceed south on Main Street, pass First & Main Shopping Mall, pass National Bank of Blacksburg and property on right directly across from Speedway / Bojangles.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 2.79 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | GC | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 2.79 AC |
| Opportunity Zone |
Yes |
| Zoning | GC |
1 LOT AVAILABLE
Lot
| Price | $4,048,168 CAD | Lot Size | 2.79 AC |
| Price Per AC | $1,450,956.31 CAD |
| Price | $4,048,168 CAD |
| Price Per AC | $1,450,956.31 CAD |
| Lot Size | 2.79 AC |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,679,707 CAD | |
| Land Assessment | $1,493,494 CAD | Total Assessment | $3,173,201 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,493,494 CAD
Improvements Assessment
$1,679,707 CAD
Total Assessment
$3,173,201 CAD
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