1335 Roanoke St, Christiansburg, VA 24073
For Sale
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This exceptional 2.42-acre commercial lot, located at 1335 Roanoke Street in Christiansburg, Virginia (zip code 24073), is offered at $1,100,000. Zoned B3 General Business, this property boasts a prime location on a major thoroughfare leading into Christiansburg from I-81 and the 460 Bypass, ensuring high visibility and traffic counts. The lot is situated near established businesses including O'Reilly Auto Parts, United Muffler, G&H Appliance, the Gateway Shopping Center, and Blue Ridge Church. Public utilities are readily accessible. The property also includes a leased billboard generating $600 per month in passive income. This offering presents a unique opportunity for development. Alternative purchase options exist: a 1-acre parcel for $500,000 or a 1.42-acre parcel (including the billboard) for $800,000. This versatile property is perfect for a variety of commercial ventures. Montgomery County location provides access to a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B3 · Christiansburg, VAChristiansburg. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.