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    3730 Main St Blacksburg, VA 24060

    Sponsored
    For Sale
    $3,785,000

    8 Acres, Prime Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 8-acre property in Blacksburg, Virginia, presents a unique investment opportunity. Located at 3730 S. Main Street (US 460 Business), this land boasts a prime location adjacent to Lewis-Gale Montgomery Regional Hospital within a designated Montgomery County urban development area. The property's zoning permits commercial, residential, and multi-family development, offering considerable flexibility for diverse projects. With approximately 2.3 acres commercially zoned on S. Main Street, this site is ideal for a variety of commercial ventures. The expansive lot size, combined with its strategic location and versatile zoning, makes this an attractive proposition for developers seeking high-impact projects. The APN numbers associated with this property are: 107338 010219, 009666, 015066, 017339, 020312, 020313, 020314, 017340, 020315, 020316, 020317, 020318, 020319, 020320, 020321, 015065, 023167. The asking price for this significant development opportunity is $3,785,000. This property offers substantial potential for both commercial and residential development in a thriving area of Blacksburg, VA, zip code 24060.

    Property Features for 3730 Main St

    General Information

    Property type
    Land
    Lot Size
    348,480 SF

    HighLights

    • 2.3‑acre commercial‑zoned parcel on S. Main St. within a designated Urban Development Area (UDA).
    • High‑traffic location ideal for commercial and residential development.
    • Prime location offering significant development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store 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
    -80.41222262
    Latitude
    37.18580873

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    FAQs

    What type of property is this?
    Land - 8 Acres, Prime Location, High Potential
    Where is this land located?
    The property is located at 3730 Main St Blacksburg, VA.
    What is the asking price?
    The asking price for this property is $3,785,000.
    What are key features of this property?
    This property features: 2.3-acre commercial-zoned parcel on S. Main St. within a designated Urban Development Area (UDA).; High-traffic location ideal for commercial and residential development.; Prime location offering significant development potential.
    Request Owner's contact information
    3730 Main St Blacksburg, VA 24060
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    Blacksburg, VA 24060
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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
    3730 Main St Blacksburg, VA 24060
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