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    1335 Roanoke St Christiansburg, VA 24073

    Sponsored
    For Sale
    $1,100,000

    High-traffic commercial lot, ideal for retail.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.42-acre commercial lot, located at 1335 Roanoke Street in Christiansburg, Virginia (zip code 24073), is offered at $1,100,000. Zoned B3 General Business, this property boasts a prime location on a major thoroughfare leading into Christiansburg from I-81 and the 460 Bypass, ensuring high visibility and traffic counts. The lot is situated near established businesses including O'Reilly Auto Parts, United Muffler, G&H Appliance, the Gateway Shopping Center, and Blue Ridge Church. Public utilities are readily accessible. The property also includes a leased billboard generating $600 per month in passive income. This offering presents a unique opportunity for development. Alternative purchase options exist: a 1-acre parcel for $500,000 or a 1.42-acre parcel (including the billboard) for $800,000. This versatile property is perfect for a variety of commercial ventures. Montgomery County location provides access to a thriving community.

    Property Features for 1335 Roanoke St

    General Information

    Property type
    Land
    Lot Size
    105,415 SF

    HighLights

    • 2.42‑acre commercial lot in Christiansburg, VA (24073) for $1,100,000.
    • B3 General Business zoning on a major thoroughfare with high visibility and traffic counts near established businesses.
    • Includes a leased billboard generating $600/month passive income.
    • Alternative purchase options: 1‑acre parcel for $500,000 or 1.42‑acre parcel (with billboard) for $800,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Christiansburg
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.3831
    Latitude
    37.1328

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    FAQs

    What type of property is this?
    Land - High-traffic commercial lot, ideal for retail.
    Where is this land located?
    The property is located at 1335 Roanoke St Christiansburg, VA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 2.42-acre commercial lot in Christiansburg, VA (24073) for $1,100,000.; B3 General Business zoning on a major thoroughfare with high visibility and traffic counts near established businesses.; Includes a leased billboard generating $600/month passive income.
    (540) 299-2616
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    1335 Roanoke St Christiansburg, VA 24073
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    Christiansburg, VA 24073
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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
    1335 Roanoke St Christiansburg, VA 24073
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