700 University City Boulevard Blacksburg Blacksburg, VA 24060

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.