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Self-Storage with Expansion Land
For Sale
$1,575,000

920 Magnolia Ln, Christiansburg, VA 24073

Self-storage facility with expansion potential near Virginia Tech.

Property Size16,127 SF
Price / SF$97.66
Days on Market172

Property Features for 920 Magnolia Ln

General Information

Standard status Active
Size 16,127 SF
Property subtype Commercial
Net Operating Income $132,016

Building Details

Building Size 16,127 SF
Year Built 1980
Units 267
Listing Agency: Matthews Real Estate Investment Services | Dallas
Listed By: Austin McLeod · License #394903 (GA)
Source: Matthews
Added: Mar 27 Changed: Sep 3 Last Checked: Sep 13 at 3:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Dallas

Investment Insights

Based on property information with market context.

This commercial property features a self-storage facility with additional land available for expansion. The property is located near Virginia Tech and Radford. The existing self-storage facility has a size of 16127 square feet. This property presents a value-add opportunity.

Key Highlights

  • Value‑Add Self‑Storage Opportunity
  • Includes Expansion Land
  • Located Near Virginia Tech

Property Analytics

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Current Use

Prices Fork Self ... Storage Facility

Suggested Use

Top Pick Storage Facility Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7
Businesses Nearby

Demographics for 24073, VA

32,093
Population
14,248
Households
2.3
Avg Household Size
39
Median Age
42%
College-Educated
94%
High-School Grad
89.6 sq mi
ZIP Area
358
Density / Sq Mi
$75,103
Median Household Income
$46,396
Median Earnings
$1,150
Median Rent
$247,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Self storage facility - Self-storage facility with expansion potential near Virginia Tech.
Where is this self storage facility located?
The property is located at 920 Magnolia Ln Christiansburg, VA.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Value‑Add Self‑Storage Opportunity; Includes Expansion Land; Located Near Virginia Tech
More about this property
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