Property profile

Parcel 3 Tyler Rd Christiansburg, VA 24073

OFF-MARKET
Land
3.68 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 3.68 ac (160,127 SF)

Cap rate & NOI

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

Location

Parcel 3 Tyler Rd Christiansburg, VA 24073
Christiansburg metro
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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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