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Two-Level Office Building
For Sale
Contact for pricing
Pending

700 University City Blvd, Blacksburg, VA 24060

Two-level office building with large floor plates and 90 on-site parking spaces.

Property SizeContact for details
Days on Market190

Property Features for 700 University City Blvd

General Information

Standard status Pending
Total Parking Spaces 90
Property subtype Office

Building Details

Stories 2
Listing Agency: Poe & Cronk Real Estate
Listed By: Stephen Pendergrass · License #VA 0225210868
Source: Crexi
Added: Mar 3 Changed: Sep 8 Last Checked: Apr 12 at 11:56AM

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 Poe & Cronk Real Estate

Investment Insights

Based on property information with market context.

This two-level office building includes a 20,044 square-foot addition and offers adaptable space with large floor plates that can support a transition to multiple types of new uses. The overall property size is 56,044 square feet.

The building is conveniently located within a short walking distance to Virginia Tech and downtown Blacksburg. On-site parking totals 90 spaces, and there is an adjacent Blacksburg transit bus stop.

For buyers considering timing and occupancy, the property notes a potential short-term lease-back opportunity for the future owner to generate revenue immediately.

Key Highlights

  • Two‑level office building with a 20,044 SF addition
  • Large floor plates offer flexibility to transition to multiple new use types
  • Within short walking distance to Virginia Tech and downtown Blacksburg

Property Analytics

Current Use

Jerusalem Walker Physician Lauren Watts Foster Care Service Graham Richard G Counselor Lance R. Nielson, ... Marriage Or Relationship Counselor Lora Covey Pharmacy

Suggested Use

Top Pick Dental Office Building Supply Big Box & Wholesale Store Storage Facility Garden Center Nail Salon

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

789
Businesses Nearby

Demographics for 24060, VA

46,755
Population
22,797
Households
2.1
Avg Household Size
28
Median Age
63%
College-Educated
98%
High-School Grad
130.8 sq mi
ZIP Area
357
Density / Sq Mi
$63,496
Median Household Income
$31,827
Median Earnings
$1,266
Median Rent
$412,300
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two-level office building with large floor plates and 90 on-site parking spaces.
Where is this office building located?
The property is located at 700 University City Blvd Blacksburg, VA.
What are key features of this property?
This property features: Two‑level office building with a 20,044 SF addition; Large floor plates offer flexibility to transition to multiple new use types; Within short walking distance to Virginia Tech and downtown Blacksburg
(540) 855-3655 Call to check price and availability
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