2602 Sheffield Dr Blacksburg, VA 24060
For Sale
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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.
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
PR · Blacksburg, VABlacksburg. 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.