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    OFF-MARKET
    Retail properties & Spaces

    110 Professional Park Dr, Blacksburg, VA 24060

    1,632 SF Built 1984
    Property ID
    Property summary
    AI-generated overview

    This 1,632 square foot Class B medical office condo, located at 110 Professional Park Dr, Blacksburg, VA 24060, is available for $375,000 ($229.78/sq ft). The property, built in 1984 and renovated in 2020, is situated on a single story building within a professionally managed complex. Currently vacant, the space is ready for immediate occupancy on August 1, 2024. Zoned O, this single-unit property offers a versatile layout suitable for various medical or retail uses. Its prime location in Blacksburg, Montgomery County, offers convenient access to Virginia Tech and HCA Lewis Gale Hospital, ensuring high visibility and potential clientele. Ample parking is available for staff and clients. The property's impeccable condition and desirable location make it a unique investment opportunity in the thriving New River Valley. The building features attentive maintenance staff. This is a rare opportunity to acquire a well-maintained, renovated medical office condo in a high-demand area. The property is suitable for a solo practitioner or a group seeking expansion.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1984
    Total area 1,632 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Eye Care & Surgery, P.C. Eye Care Center Contact Lenses Supplier
    • Blue Ridge Optical Ophthalmologist (Bike/Boat/Book/etc) Store
    • Dr. David J. Hedges, MD Ophthalmologist
    • Precision Eyewear Inc Ophthalmologist (Bike/Boat/Book/etc) Store
    • Dr. Patrick Bradley Ophthalmologist
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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