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    Triangle St Blacksburg, VA 24060

    Sponsored
    For Sale
    $2,200,000

    Prime Commercial/Residential Land, 10 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.03-acre parcel presents a unique investment opportunity in Montgomery County, Virginia. Conveniently located near Blacksburg, with a Triangle Street address, this property offers unparalleled potential for a variety of uses. Its strategic location directly adjoins an 8-acre parcel on Davis Street, placing it in close proximity to Lewis Gale Blacksburg Hospital. This advantageous positioning makes it ideal for multi-family residential development, student housing catering to Virginia Tech students, senior housing, assisted living facilities, medical school housing, or accommodations for Lewis Gale Hospital staff. The site's proximity to an established residential neighborhood also suggests the viability of townhome development. The asking price is $2,200,000. All necessary utilities are available on-site, simplifying the development process. The property is zoned for both commercial and residential uses, providing flexibility for a wide range of development plans. This is a rare opportunity to acquire a substantial land holding in a high-demand area with excellent access to major amenities and infrastructure. The property is not located within the Town of Blacksburg, but rather in Montgomery County, offering potential advantages in terms of zoning and development regulations. This location offers significant potential for substantial returns on investment.

    Property Features for 0 Triangle St

    General Information

    Property type
    Land
    Lot Size
    436,907 SF

    HighLights

    • $2,200,000 asking price.
    • 10.03‑acre land parcel.
    • Located in Montgomery County, Virginia, near Blacksburg (Triangle St, zip code 24060).
    • Suitable for multifamily, student housing, senior housing, or assisted living development.
    • Adjacent to 8 acres and Lewis Gale Blacksburg Hospital.
    • Utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Blacksburg
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.41198978
    Latitude
    37.18279158

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Residential Land, 10 Acres
    Where is this land located?
    The property is located at Triangle St Blacksburg, VA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price.; 10.03-acre land parcel.; Located in Montgomery County, Virginia, near Blacksburg (Triangle St, zip code 24060).
    (540) 299-2616
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    Triangle 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
    Triangle St Blacksburg, VA 24060
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