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