700 University City Blvd Blacksburg, VA 24060
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56,044 SF Office Building, Redevelopment Potential
Property size:
56,044 SFProperty Features for 700 University City Blvd
General Information
- Property type
- Medical offices
- Square Feet
- 56,044 SF
- Class
- A
- Lot Size
- 111,470 SF
Building Details
- Year Built
- 1985
- Buildings
- 1
- Stories
- 2
Listing Agency: Poe & Cronk Real Estate Listing Agent: Matt Huff
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 56,044 square foot Class A office building, situated on a 2.559-acre lot in Blacksburg, Virginia, presents a unique investment opportunity. Built in 1985, this two-story structure boasts modern architectural features and abundant natural light. Currently zoned GC - Commercial General, the property offers significant redevelopment potential, with its large floor plates easily adaptable to various uses. Its prime location adjacent to Virginia Tech and downtown Blacksburg ensures high visibility and accessibility, making it ideal for a mixed-use development incorporating residential, retail, and commercial spaces. The existing building features flexible interior layouts and ample on-site parking (90 spaces), further enhanced by its proximity to a Blacksburg Transit bus stop. The asking price is $7,850,000, translating to $140.07 per square foot. This property offers a potential short-term lease-back opportunity, allowing for immediate revenue generation for the new owner. The property's address is 700 University City Blvd, Blacksburg, VA 24060, with APN 225-10 A1. This is a rare opportunity to acquire a substantial property in a highly sought-after location with significant upside potential.
Property Profile
Insight Report
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
- -80.431629205314
- Latitude
- 37.232954731092
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FAQs
What type of property is this?
Medical office - 56,044 SF Office Building, Redevelopment Potential
Where is this medical office located?
The property is located at 700 University City Blvd 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: 56,044 SF Class A office building on a 2.56-acre lot in Blacksburg, VA.; Large floor plates adaptable to various uses.; Prime location near Virginia Tech and downtown Blacksburg.