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New River Valley Community Services Office Headquarters
Adaptable Property - Walking Distance to Virginia Tech / DT Blacksburg
Listing Contacts
License: VA VA 0225189906
License: VA 0225210868
Active
Asking Price: $7,850,000
Address
700 University City Blvd, Blacksburg, VA 24060
Show on MapDate Added
Jan 30, 2024
Days on Market
421 days
Time Since Last Update
19 days
Details
Property TypeOffice
SubtypeExecutive Office, Medical Office
ClassA
Square Footage56,044
Price/Sq Ft$140.07
Year Built1985
Buildings1
Stories2
ZoningGC - Commercial General
Lot Size (acres)2.559
APN225- 10 A1
Marketing Description
Presented for sale by Stephen Pendergrass and Matt Huff, CCIM, of Poe & Cronk Real Estate Group - the New River Valley Community Services property is a rare 2.56 acre parcel that includes a well maintained 2 story office building. The property is strategically located adjacent to Virgnia Tech and presents an exceptional opportunity for redevelopment into a premium mixed-use property. This property’s location is highly sought after. Its proximity to the university ensures a steady flow of traffic, making it ideal for a blend of residential, retail, and commercial spaces.
The existing structure offers modern architectural features, abundant natural light, and flexible interior layouts that make it adaptable for various uses. The flat 2.56 acre parcel provides room for expansion and new development, offering the potential to incorporate residential, retail, and commercial spaces in a mixed-use development. The property is further enhanced with 90 on-site parking spaces and near the Blacksburg Transit bus stop.
Contact the Poe & Cronk Team at 540 855-3655 for more information.
Investment Highlights
- Two-level office building including a 20,044 SF addition
- Adaptable Property - Large floor plates allow for transition to multiple types of new uses
- Conveniently located within short walking distance to the Virginia Tech campus and downtown Blacksburg
- Potential short-term lease-back opportunity allows future owner to generate revenue immediately
- 90 on-site parking spaces & adjacent Blacksburg Transit bus stop
Valuation Calculator
Valuation Calculator
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Property History
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Due Diligence
Listing Contacts
- License: VA VA 0225189906
- License: VA 0225210868
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Broker Information
Broker Information
Broker Name
Matt Huff
Broker License
VA VA 0225189906
Brokerage Name
Poe & Cronk Real Estate Group
Broker Title
Managing Broker
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