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Property profile & analytics
FOR SALE
Commercial land

2602 Sheffield Dr Blacksburg, VA 24060

0.58 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US87-1392368
Property summary
AI-generated overview

This exceptional .584-acre commercial land parcel in Blacksburg, Virginia, presents a compelling investment opportunity. Located at 2602 Sheffield Drive, 24060, Montgomery County, this property boasts a prime location on a high-traffic road, ensuring excellent visibility and accessibility. Zoned PR (Planned Residential), the land offers versatile development potential, accommodating a range of projects from residential to mixed-use developments, or specialized commercial applications. A site plan sample and rendering of a potential office/retail project are available. The approximately 25,408 square foot lot provides ample space for a project tailored to individual needs, whether for business expansion, a new venture, or strategic investment. Its high visibility and significant daily traffic make it ideal for attracting attention and driving customer engagement. This is a rare opportunity to acquire a well-situated parcel in a thriving area, offering substantial potential for future growth and return. The asking price is $485,900.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.58 ac (25,439 SF)
Zoning code PR
APN 284- 10 4
UPID US87-1392368
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
M2 HOLDING LLC
M2 HOLDING LLC
Zoning & alternative use
PR · Blacksburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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