Property profile

1550 Roanoke St Christiansburg, VA 24073

OFF-MARKET
Land
10.23 ac lot
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Property summary

AI-generated overview

This exceptional 10.227-acre commercial land parcel presents a remarkable investment opportunity in Christiansburg, Virginia. Located at 1550 Roanoke St, this property boasts a highly desirable B3 General Business zoning, offering considerable flexibility for a wide range of commercial developments. The land is already graded and level, significantly reducing site preparation costs. Furthermore, a comprehensive stormwater management system is already in place, streamlining the development process and minimizing potential environmental concerns. Its strategic location provides excellent visibility from the 460 bypass, ensuring high traffic exposure and enhanced marketing potential for any future business. The asking price for this prime property is $2,500,000. The property's flat topography and existing infrastructure make it an ideal site for various commercial ventures, offering significant potential for substantial return on investment. This is a rare opportunity to acquire a large, well-situated parcel in a thriving Virginia community. The address is 1550 Roanoke St, Christiansburg, VA 24073, within Montgomery County. The property is zoned for general business use, presenting a multitude of development possibilities. This ready-to-develop site offers a unique blend of convenience, visibility, and infrastructure, making it an attractive proposition for discerning investors.

Property profile

Verified
Property type Land
Lot 10.23 ac (445,488 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center

Location

1550 Roanoke St Christiansburg, VA 24073
Christiansburg metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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