Property summary
This exceptional .298-acre commercial land parcel presents a unique investment opportunity in Christiansburg, Virginia. Located on a busy Kroger outparcel at 567 N Franklin St, zip code 24073, this property boasts high visibility and significant foot traffic. Currently occupied by a car wash, the site offers flexible development potential. Investors can choose to enhance the existing car wash operation for immediate income generation or pursue a complete redevelopment to suit a variety of commercial uses permitted under the B3 zoning. The property's strategic location ensures easy access to major roadways, maximizing its reach and appeal to a wide range of businesses. This prime location, coupled with the consistent customer activity from the adjacent Kroger and other retailers, creates an ideal environment for retail, service-based businesses, or other commercial ventures. The asking price for this exceptional opportunity is $349,000. Montgomery County's thriving market and the property's high-traffic location make this a compelling investment prospect with strong potential for future growth and return. Seize this chance to acquire a highly visible and versatile commercial property in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Car Wash
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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