Property profile

0 Country Club Dr Blacksburg, VA 24060

OFF-MARKET
Land
1.71 ac lot
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Property summary

AI-generated overview

This 1.711-acre commercial lot in Blacksburg, VA, is offered at $1,000,000. Located on Country Club Drive SW, it's zoned for commercial use and ideally suited for retail, hospitality, or mixed-use development. Its prime location boasts high visibility and accessibility, situated directly behind a major Kroger grocery store and adjacent to a newly constructed hotel. This ensures significant foot traffic from both the local community and the substantial student population of nearby Virginia Tech. The property benefits from its proximity to key amenities and is in a thriving market area with strong growth prospects. The existing zoning eliminates regulatory hurdles, allowing for immediate planning and development. Developers have the flexibility to create a variety of projects to cater to the needs of a growing and diverse population, making this a compelling investment opportunity with significant long-term potential for appreciation and income generation. The property's location near Virginia Tech provides substantial foot traffic and visibility, enhancing its appeal to a wide range of commercial ventures. This exceptional location offers a strategic advantage for attracting tenants and customers, making it an ideal investment for developers and investors seeking a high-demand area with strong growth potential. The 1.711 acres provide ample space for a variety of development options.

Property profile

Verified
Property type Land
Lot 1.71 ac (74,531 SF)

Cap rate & NOI

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

Location

Country Club Dr Blacksburg, VA 24060
Blacksburg 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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