Property profile

567 Franklin St Christiansburg, VA 24073

OFF-MARKET
Land
0.3 ac lot
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Property summary

AI-generated overview

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

Verified
Property type Land
Lot 0.3 ac (12,981 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Car Wash

Location

567 Franklin St Christiansburg, VA 24073
Christiansburg 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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