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700 University City Blvd, Unit | Blacksburg Blacksburg, VA 24060

For Sale
$7,850,000

2.56-acre parcel near Virginia Tech suitable for mixed-use redevelopment.

Property size:
56,044 SF

Property Features for 700 University City Blvd

General Information

Size
56,044 SF

Building Details

Year built
1985

Source: Stephen Pendergrass, SIOR, CCIM Agent Stephen Pendergrass, SIOR, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Adaptable Mixed-Use Development Opportunity

This 2.56-acre parcel features a well-maintained two-story office building and is strategically located adjacent to Virginia Tech, presenting an exceptional opportunity for redevelopment into a premium mixed-use property. The location is highly sought after, with proximity to the university ensuring a steady flow of traffic, making it ideal for a blend of residential, retail, and commercial spaces. The existing structure offers modern architectural features, abundant natural light, and flexible interior layouts that make it adaptable for various uses. The property includes a 20,044 square foot addition. The flat parcel provides room for expansion and new development, offering the potential to incorporate residential, retail, and commercial spaces in a mixed-use development. The property is further enhanced with 90 on-site parking spaces and is near the Blacksburg Transit bus stop. The two-level office building has large floor plates that allow for transition to multiple types of new uses. It is conveniently located just off of Prices Fork Road on University City Boulevard, within short walking distance to the Virginia Tech campus and downtown Blacksburg. A potential short-term lease-back opportunity allows a future owner to generate revenue immediately.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Jerusalem Walker Nurse Practitioner Lauren Watts Social Worker Graham Richard G Counselor Lance R. Nielson, ... Marriage Or Relationship Counselor Lora Covey Pharmacy

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Blacksburg
County
Montgomery
State
Virginia
Longitude
-80.4312217
Latitude
37.2329823

FAQs

What type of property is this?
Office building - 2.56-acre parcel near Virginia Tech suitable for mixed-use redevelopment.
Where is this office building located?
The property is located at 700 University City Blvd, Unit | Blacksburg Blacksburg, VA.
What is the asking price?
The asking price for this property is $7,850,000.
What are key features of this property?
This property features: - Prime location adjacent to Virginia Tech, ensuring high traffic and visibility.; - Exceptional redevelopment opportunity for a premium mixed-use property.; - Large 2.56 acre parcel offering room for expansion and new development.
More about this property
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