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    OFF-MARKET
    Land

    115 Ponderosa Dr, Christiansburg, VA 24073

    0.99 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.991-acre commercial lot, located at 115 Ponderosa Dr NE in Christiansburg, VA (zip code 24073), presents a unique development opportunity. The property boasts a level, pad-ready site already improved with curb cuts and a substantial 34-space asphalt parking lot. Zoned B-3, this versatile parcel allows for a wide range of commercial uses, including medical facilities, retail spaces, offices, automotive businesses, and restaurants. Its strategic location near the New River Valley Mall places it within the heart of the region's retail hub, ensuring high visibility and accessibility. Convenient access to Highway 460, Blacksburg, and the Virginia Tech campus further enhances its appeal. The surrounding area is rich with amenities, including the Christiansburg Marketplace (home to Academy Sports, Earth Fare, and numerous restaurants), as well as Outback Steakhouse, Best Buy, Hobby Lobby, Lowe's Home Depot, and the NRV Mall, all within close proximity. The asking price is $495,000, representing a price per acre of $499,495. The APN is 406 8 21A. Ownership is held by NRV Market Square LLC. This is a truly exceptional opportunity for investors seeking a prime location and immediate development potential. Bring all offers!

    Property profile
    Verified
    Property type Land
    Lot 0.99 ac (43,168 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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