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    FOR SALE
    Commercial land

    1335 Roanoke St, Christiansburg, VA 24073

    2.21 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US87-1784741
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 2.21 ac (96,224 SF)
    Zoning code B3
    APN 529- A 9
    UPID US87-1784741
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    RWW 34 LLC
    RWW 34 LLC
    Zoning & alternative use
    B3 · Christiansburg, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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