Property profile

0 Tyler St Christiansburg, VA 24073

OFF-MARKET
Land
35 ac lot
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Property summary

AI-generated overview

This exceptional 35-acre tract presents a prime commercial development opportunity in Christiansburg, Virginia. Strategically located at Exit 109 off I-81, directly across from Carilion New River Valley-Radford Hospital, this property boasts unparalleled visibility and accessibility. The land is comprised of 21.13 acres zoned General Business (GB) and 14.19 acres zoned R-3, offering flexibility for a variety of development projects. A proposed plan includes 44 lots, with convenient ingress/egress points also available from Baines Chapel Road. The property's commanding position overlooking I-81 makes it ideally suited to serve the growing needs of Radford, Radford University, Volvo, the Carilion Hospital, and surrounding residential communities in Snowville and Riner. The land features a level topography, ensuring ease of development, and essential utilities are readily available. Furthermore, the possibility of acquiring additional acreage exists, providing expansion potential for larger-scale projects. Detailed topography information is available. This is a rare opportunity to acquire a significant parcel of land in a high-growth area with exceptional visibility and access. The asking price is $1,900,000.

Property profile

Verified
Property type Land
Lot 35 ac (1,524,600 SF)

Cap rate & NOI

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

Location

Tyler 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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