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Property profile & analytics
OFF-MARKET
Commercial real estate

500 Bishop Rd Blacksburg, VA 24060

Property ID
US87-0875178
Property summary
AI-generated overview

This exceptional 6.045-acre industrial land parcel presents a unique investment opportunity in Blacksburg, Virginia. Located at 500 Bishop Road, this gently rolling property boasts over 800 feet of frontage on Bishop Road, offering excellent visibility and accessibility. Its prime location provides convenient access to the 460 bypass and Virginia Tech, making it ideal for a variety of uses. A significant advantage is the existing water and sewer availability from Blacksburg town services, already connected to the property. The seller is even covering the installation and connection costs of a STEP/STEG septic tank with pump. While currently zoned Rural Residential 1, preventing subdivision, this expansive site is perfect for a mini-farm, single residential estate, or other suitable industrial development. The property features water frontage on Tom's Creek, adding to its appeal and potential. Note that a new Montgomery County tax parcel number is pending assignment, and the land is not part of the Kinloch HOA. A plat is available for review. This is a rare opportunity to acquire a sizable, well-located industrial site in a thriving community. Priced at $369,000.

Property profile
Verified
Property type Commercial real estate
UPID US87-0875178
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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