2206 S Main St Blacksburg, VA 24060

18,000 SF | Office Building | $3,690,000 ($205/SF)

INVESTMENT HIGHLIGHTS

  • Offered for sale or lease. In the process of rezoning GC. 300' Main St frontage. 2.79 Acres. 18000 SqFt building.

EXECUTIVE SUMMARY

The property consists of 18,000 square feet of office space. The owner is willing to consider offers for the price of the land plus demolition costs.
Property w/ tremendous investment potential. Located in Blacksburg OPPORTUNITY ZONE & 1031 exchange potential. Major lessee (Approx 18,000 sq ft) currently on lease until December 31, 2021. Other lessees month-to-month. Potential income $320,000+ dollars annually. Approx 25,000 VEHICLES PER DAY. Divided highway with crossover access. Fiber-optic cable installed. Property for sale or lease. Will build to suit committed prospective lessee. 98 total marked parking spaces. Airport within 5 minutes... Va Tech Corporate Research Center within 5 minutes Across the street from new apartment construction: 200 Bedrooms


DIRECTIONS:
From 460 Bypass, enter South Main Street at Exit 5A and proceed to South Main Street. Property located at bottom of the hill on the left side of the street directly across from Speedway/Bojangles From Downtown Blacksburg, proceed south on Main Street, pass First & Main Shopping Mall, pass National Bank of Blacksburg and property on right directly across from Speedway/Bojangles.

PROPERTY FACTS

Sale Type: Investment

Property Type: Office

Building Size: 18,000 SF

Building Class: B

Year Built: 1990

Price: $3,690,000

Price Per SF: $205

Tenancy: Multi/Single

Building Height: 1.5 Story

Typical Floor Size: 18,000 SF

Building FAR: 0.15

Land Acres: 2.79 AC

Zoning: GC

Opportunity Zone: Yes

AMENITIES

  • 24 Hour Access

  • Bus Line

  • Kitchen

  • Storage Space

  • Bicycle Storage

  • Central Heating

  • Natural Light

  • Partitioned Offices

  • Recessed Lighting

  • Shower Facilities

  • Drop Ceiling

  • Wi-Fi

  • Air Conditioning

PROPERTY TAXES

Parcel Number 005379

Improvements Assessment $1,340,400

Land Assessment $727,900

Total Assessment $2,068,300

Contact Bill
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BILL ADEN, REALTOR

220 Professional Park Blacksburg VA United States 24060

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