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    2 Depot St Christiansburg, VA 24073

    Sponsored
    For Sale
    $170,000

    High-visibility corner lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional .63-acre commercial site in Christiansburg, Virginia, presents a remarkable investment opportunity. Located at the highly visible corner of Depot Street NE and Franklin Road, this property boasts an estimated 25,000+ vehicles passing daily, ensuring significant exposure for any business. The asking price is $170,000, and owner financing is available, making this an attractive option for developers and entrepreneurs. The property's prime location in Montgomery County, zip code 24073, offers easy access to major transportation routes and a thriving community. Concept plans are available showcasing potential uses, including a quick-service drive-through restaurant or a 3,000 square foot building with ample parking. This is a rare chance to acquire a high-traffic, strategically positioned commercial lot in a growing area. The property's address is 2 Depot St NE, Christiansburg, VA 24073. Don't miss this chance to secure a prime location for your next venture. Act quickly, as this opportunity is unlikely to last.

    Property Features for 2 Depot St

    General Information

    Property type
    Land

    HighLights

    • Exceptional .63‑acre commercial lot in Christiansburg, VA, priced at $170,000 with owner financing available.
    • High‑visibility corner location at Depot St NE & Franklin Rd, boasting over 25,000 vehicles daily.
    • Prime location in Montgomery County (zip code 24073), offering easy access to major transportation routes.
    • Concept plans available for uses such as a drive‑through restaurant or a 3,000 sq ft building.
    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 Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Christiansburg
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.412200922636
    Latitude
    37.132911745917

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    FAQs

    What type of property is this?
    Land - High-visibility corner lot, ideal for development.
    Where is this land located?
    The property is located at 2 Depot St Christiansburg, VA.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Exceptional .63-acre commercial lot in Christiansburg, VA, priced at $170,000 with owner financing available.; High-visibility corner location at Depot St NE & Franklin Rd, boasting over 25,000 vehicles daily.; Prime location in Montgomery County (zip code 24073), offering easy access to major transportation routes.
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    2 Depot 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
    2 Depot St Christiansburg, VA 24073
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