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Retail or Office On Main St. Blacksburg

Retail, office or medical, 460 S Main St. Blacksburg VA

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Asking Price: $1,650,000

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Address 

3645 S Main St, Blacksburg, VA 24060

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Date Added
Jun 17, 2024
Days on Market
311 days
Time Since Last Update
17 days

Details

Property TypeOffice, Retail
SubtypeMedical Office, Office, retail
Investment TypeOwner/User
Investment Sub TypeRedevelopment
ClassB
TenancyVacant
Number of Tenants1
Square Footage7,321
Price/Sq Ft$225.38
Cap Rate0.00%
OccupancyVacant
Occupancy Date09/01/2024
NOI$0
Year Built1991
Year Renovated2016
Buildings1
Stories2
ZoningGC
Lot Size (acres)0.57
Parking (spaces)28
Broker Co-OpYes
Ground LeaseNo

Marketing Description

Elliott Inc.​ proudly presents a Class B medical office property offering pristine office spaces and multi-tenant potential in the heart of Blacksburg, VA.​ Strategically located along bustling Main Street, this Medical Arts and Retail Center benefits from its vibrant surroundings, including the university and healthcare districts.​ The property is just five minutes from HCA LewisGale Health Care System and Virginia Tech, mere steps from the 460 Bypass to Roanoke, and two minutes from the Corporate Research Center, renowned for its world-class research and lab facilities.​

This exceptional property offers up to 9,487 square feet of space, including over 7,300 square feet of finished space on the main floor and 2,166 square feet of unfinished space on the second level.​ The additional space presents an excellent opportunity for office rentals, providing potential to enhance cash flow.​ A retail shop fronting Business 460 adds further income potential, making this property a versatile investment opportunity.​

Nestled within Blacksburg’s dynamic and rapidly expanding research and university-driven community, this property is ideally situated to attract a diverse mix of university staff, students, and residents.​

Investment Highlights

■ High ceilings and flexible floor plans offer bright and spacious multi-purpose spaces to realize your business's full potential.

■ Fully built-out specialty spaces with private restrooms catering to destination tenants as well as traditional retailers.

■ Opportunity for a mix of medical, general office and a retail storefront

■ Ample paved parking with covered ADA front door access

■ Ideal location next to the 460 Bypass ramp, directly across from HCA health system, and five minutes to Virginia Tech campus.

■ Solid brick construction with low-maintenance exterior

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