Parcel 3 Tyler Rd, Christiansburg, VA 24073
This exceptional 3.676-acre commercial land parcel presents a unique investment opportunity in Christiansburg, Virginia. Located on Tyler Road and Barn Road, this property boasts convenient access to Interstate 81 (Exit 109) and enjoys a highly desirable location directly adjacent to the Carilion New River Valley-Radford Hospital. The site is already graded and utilities are on-site, significantly reducing development costs and timelines. A county-approved mixed-use site plan is in place, offering flexibility for a variety of commercial ventures. Its proximity to major roadways and the hospital makes it particularly well-suited for medical facilities, office buildings, or even a motel. The property's strategic location also benefits from its close proximity to Radford University (4.7 miles), Christiansburg (6.8 miles), and the New River Valley Mall (9.75 miles). With a General Business (GB) zoning designation, this property offers significant potential for a wide range of commercial uses. The asking price is $900,000. This is a rare opportunity to acquire a ready-to-develop site in a thriving area with excellent access and visibility. Don't miss this chance to secure a prime location for your next commercial project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.