1801 Toms Creek Rd Blacksburg, VA 24060
This exceptional 135-acre agricultural property, located at 1801 Toms Creek Road in Blacksburg, Virginia (zip code 24060), presents a remarkable investment opportunity. Situated between Glade Road and Toms Creek Road, this expansive parcel offers unparalleled potential for various development projects, including multifamily, single-family, or mixed-use communities. Its strategic location provides convenient access to major thoroughfares, enhancing its appeal for developers seeking to create a thriving residential or mixed-use enclave. The property's versatility allows for the design of a neighborhood seamlessly blending modern amenities with the natural beauty of the surrounding area. Adjacent to The Village at Toms Creek, this land offers a unique chance to build a community that balances urban convenience with serene tranquility. The property will be resurveyed and subdivided upon contract ratification by the purchaser. Further details regarding subdivision parameters and the potential purchase of an even larger, 140+ acre tract are available upon request. The asking price for this significant landholding is $8,775,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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No recorded transactions found for this property.
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Risks
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