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Mixed-Use Property with Apartments
For Sale
Contact for pricing
Pending

702 University City Blvd, Blacksburg, VA 24060

Retail, restaurant, apartment, day care, and office components serve multiple commercial functions.

Property SizeContact for details
Days on Market38

Property Features for 702 University City Blvd

General Information

Standard status Pending
Property subtype Mixed Use

Additional Details

Multifamily Units 20

Building Details

Tenancy Multi
Listing Agency: Cushman & Wakefield Thalhimer - Roanoke, Virginia
Listed By: Price Gutshall · License #VA 0225214051
Source: Crexi
Added: Jul 25 Changed: Aug 29 Last Checked: Apr 11 at 7:38PM

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 Cushman & Wakefield Thalhimer - Roanoke, Virginia

Investment Insights

Based on property information with market context.

This 17,000-square-foot mixed-use property combines several operating components. The improvements include a two-story retail and restaurant building with 20 apartment units on the second floor; those apartments are fully rented. The property also includes an occupied day care facility and three separate two-story office buildings.

The address is 702 University City Blvd in Blacksburg, Virginia. Existing income statements and a rent roll are available upon request, providing operating information for review.

Key Highlights

  • 17,000‑square‑foot mixed‑use property at 702 University City Blvd, Blacksburg, VA 24060
  • Two‑story retail and restaurant building with 20 apartment units on the second floor
  • All 20 apartment units are fully rented

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Electrical Service Building Supply Nail Salon HVAC Service Storage Facility

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

Lease Details

20
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

759
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?
Mixed-use property - Retail, restaurant, apartment, day care, and office components serve multiple commercial functions.
Where is this mixed-use property located?
The property is located at 702 University City Blvd Blacksburg, VA.
What are key features of this property?
This property features: 17,000‑square‑foot mixed‑use property at 702 University City Blvd, Blacksburg, VA 24060; Two‑story retail and restaurant building with 20 apartment units on the second floor; All 20 apartment units are fully rented
(540) 767-3011 Call to check price and availability
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