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700 University City Blvd Blacksburg, VA 24060

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For Sale
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56,044 SF Office Building, Redevelopment Potential

Property size:
56,044 SF

Property 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

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Listing Contact
Matt Huff
Matt Huff

Listing Agency: Poe & Cronk Real Estate Listing Agent: Matt Huff

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

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

Suggested Use

Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Blacksburg
County
Montgomery
State
Virginia
Longitude
-80.431629205314
Latitude
37.232954731092

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.
(540) 855-3647 Call to check price and availability
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