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    1107 Main St Blacksburg, VA 24060

    Sponsored
    For Sale
    $1,850,000

    Thriving Gas Station & Service Center

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property, located at 1107 N Main Street in Blacksburg, Virginia, presents a unique investment opportunity. Situated on a prominent corner lot spanning 0.33 acres, this established gas station and service center benefits from a high-traffic location on the bustling Main Street, just a short distance from the Virginia Tech campus. The property's prime position ensures consistent customer flow, capitalizing on the significant foot and vehicular traffic generated by the university and the surrounding community. This turnkey business offers immediate income potential and strong growth prospects. The property's size and location make it suitable for continued operation as a gas station and service center, or it could potentially be redeveloped to suit a variety of commercial uses, subject to local zoning regulations. The asking price is $1,850,000. Detailed financial information and operational data are available upon request. This is a rare chance to acquire a well-established commercial property in a thriving college town with a proven track record of success. Serious inquiries only. The property is offered as-is. Further due diligence is recommended. Contact us today to schedule a showing and explore this exciting investment opportunity.

    Property Features for 1107 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1952
    Property Profile Location Intelligence

    Current Use by Public Records

    Price's Service Center Auto Repair Shop Pure Gas Station

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Blacksburg
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.4194
    Latitude
    37.2406

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    FAQs

    What type of property is this?
    Commercial real estate - Thriving Gas Station & Service Center
    Where is this commercial real estate located?
    The property is located at 1107 Main St Blacksburg, VA.
    What is the asking price?
    The asking price for this property is $1,850,000.
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    1107 Main St Blacksburg, VA 24060
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    Blacksburg, VA 24060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1107 Main St Blacksburg, VA 24060
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