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    2206 Main St Blacksburg, VA 24060

    Sponsored
    For Sale
    $3,500,000

    Prime Blacksburg location, redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 2206 S. Main St, Blacksburg, VA 24060, presents a compelling investment or owner-user opportunity. The property encompasses a substantial 20,023 square feet of office space, complemented by a 2,000 square foot garage, all situated on a generous 2.79-acre lot. Boasting 300 feet of frontage along South Main Street, this high-traffic location sees approximately 25,000 vehicles daily. The property's strategic positioning offers easy access to Route 460 and proximity to the Virginia Tech Corporate Research Center (approximately 5 minutes away). The two-story building, constructed between 1975 and 1985, underwent renovations in 2021/2022. Currently zoned O, rezoning to GC is underway. The property's multi-tenancy structure, classified as Class B with a modified lease type, offers flexibility. Across the street, new construction includes approximately 200 apartment bedrooms, further enhancing the area's appeal. This is an ideal property for redevelopment, value-add investors, or owner-users seeking a prime location in a thriving Blacksburg market. The asking price is $3,500,000. Seller financing is available. The property is located in an Opportunity Zone.

    Property Features for 2206 Main St

    General Information

    Property type
    Medical offices
    Class
    B
    Lot Size
    121,532 SF

    Building Details

    Year Built/Renovated
    1975/2021
    Buildings
    2
    Stories
    2

    HighLights

    • High‑visibility location on South Main Street, Blacksburg.
    • Seller financing offered.
    • 2.79‑acre site.
    • 20,023 SF building plus 2,000 SF garage.
    • 300 feet of frontage on South Main Street.
    • Convenient access to Route 460.
    Property Profile Location Intelligence

    Current Use by Public Records

    Game & Inland Fisheries Corporate Office Discovery Financial Services Financial Planner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Blacksburg
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.4004392
    Latitude
    37.2019501

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    FAQs

    What type of property is this?
    Medical office - Prime Blacksburg location, redevelopment opportunity.
    Where is this medical office located?
    The property is located at 2206 Main St Blacksburg, VA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: High-visibility location on South Main Street, Blacksburg.; Seller financing offered.; 2.79-acre site.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2206 Main St Blacksburg, VA 24060
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