2195 Franklin St Christiansburg, VA 24073
- Commercial land
- 1.34 lot acres
Current Use by Public Records
- Bojangles / Breakfast Restaurant / Chicken Restaurant
Property Details for 2195 Franklin St
- Lot size
- 1.34 lot acres
- Property type
- Commercial land
- APN
- 436- A 10A
- APU
- 436A10A
Description
This exceptional 15.5-acre commercial land parcel presents a unique investment opportunity in Christiansburg, Virginia. Located in the heart of the New River Valley's retail center, this B3 General Business zoned property boasts a prime location across from the New River Valley Mall and near major retailers including Walmart, Hobby Lobby, Lowe's, and Spradlin Farm Strip Mall. The property offers excellent visibility and accessibility with three convenient ingress/egress points: Farmview Road, a connection via Aldi's parking lot, and an easement adjacent to Hobby Lobby. The substantial lot size, priced at $300,000 per acre for a total asking price of $5,500,000, allows for significant development potential, including the possibility of a power center with valuable outparcels ideal for drive-through businesses. The property benefits from high traffic counts exceeding 25,000 vehicles daily on North Franklin Street and over 28,000 on the 460 bypass. Its strategic location within the trading area encompassing Virginia Tech, Radford University, Blacksburg, Christiansburg, Montgomery County, and surrounding areas ensures a robust customer base. Interstate 81 is conveniently located just 4.7 miles away. This is an unparalleled opportunity to acquire a significant commercial land holding in a thriving retail market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Christiansburg
- County
- Montgomery
- State
- Virginia
- Longitude
- -80.4189
- Latitude
- 37.1606
- CBSA code
- 13980
- CBSA name
- BLACKSBURG-CHRISTIANSBURG-RADFORD, VA METROPOLITAN STATISTICAL AREA
