Adaptable Mixed-Use Development
700 University City Boulevard Blacksburg, Blacksburg, VA 24060
2.56-acre parcel near Virginia Tech suitable for mixed-use redevelopment.
Type:Office
Property size:
56,044 SFPrice / SF:
$140/SF- Added:
- Sep 25, 2025
- Days on Market:
- 245
- Last Refresh:
- May 8 at 9:05 pm
Property Features for 700 University City Boulevard Blacksburg
General Information
- Standard status
- Active
- Size
- 56,044 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agent Stephen Pendergrass, SIOR, CCIM (540) 520-3085
Listing office (540) 520-3085
Listing date Sep 25, 2025
Source Tcnworldwide
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 Stephen Pendergrass, SIOR, CCIM
HighLights
- 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.
- Existing 20,044 SF two‑story office building with adaptable floor plans.
- 90 on‑site parking spaces and adjacent to a Blacksburg Transit bus stop.
- Potential short‑term lease‑back opportunity for immediate revenue generation.
Overview
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
Location Intelligence
Current Use by Public Records
Jerusalem Walker
Physician
Lauren Watts
Foster Care Service
Graham Richard G
Counselor
Lance R. Nielson, ...
Marriage Or Relationship Counselor
Lora Covey
Pharmacy
Location Insight
- Map
- Local Demand
- City
- Blacksburg
- County
- Montgomery
- State
- Virginia
- Longitude
- -80.4312217
- Latitude
- 37.2329823
Nearby Similar for Sale
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 Boulevard 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.
