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1701 Kraft Drive

New Listing! Rare Opportunity to Own in Innovative Research Park

Listing Contacts

Active

Asking Price: $6,500,000
Address 

1701 Kraft Dr SW, Blacksburg, VA 24061

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Date Added
Oct 31, 2024
Days on Market
172 days
Time Since Last Update
32 days

Details

Property TypeOffice
SubtypeCreative Office, Executive Office, Traditional Office
Investment TypeOwner/User
ClassA
TenancyVacant
Square Footage32,000
OccupancyVacant
Year Built1997
Year Renovated2019-2020
Buildings1
Stories2
ZoningR&D
Lot Size (acres)4.48
Broker Co-OpYes
Ground LeaseYes
Ground Lease Expiration02/02/2096

Marketing Description

This recently renovated property located in the Virginia Tech Corporate Research Center in Blacksburg, VA blends cutting-edge design with flexible workspaces to create an ideal environment for innovation, collaboration, and productivity.​ With a comprehensive, top-to-bottom remodel, the space offers an open, adaptable layout that can easily accommodate the evolving needs of today’s workforce.​

The newly reimagined interiors feature bright, amenity-rich common areas, with large windows that maximize natural light and enhance the sense of openness.​ Flexible floor plans include a mix of open-plan workstations, private offices, and collaborative team areas, all designed to support dynamic workflows and team interactions.​ High-end finishes, modern fixtures, and state-of-the-art technology infrastructure seamlessly integrate to create an environment that supports both focused individual work and group collaboration.​

Key amenities include multiple conference rooms with smart technology, soundproof pods for private calls or focused work, and spacious lounge areas for informal meetings and social interactions.​ The building’s layout encourages communication, creativity, and flexibility, making it an ideal setting for companies seeking to foster a collaborative and forward-thinking culture.​

Whether you’re looking to accommodate a growing team, host dynamic brainstorming sessions, or simply create a more efficient, comfortable work environment, this office building offers the perfect blend of modern amenities and flexible design.​

Investment Highlights

LOCATED NEAR VIRGINIA TECH a leading research university with over 37,000 students in undergraduate and graduate programs

BUILDING AMENITIES • High-quality finishes • Conference rooms with views of the valley • Open offices and private offices with furniture program by Steelcase • Onsite parking • Professional management

INNOVATION ECOSYSTEM AT THE VIRGINIA TECH CORPORATE RESEARCH CENTER with access to VTCRC programs and amenities and business/research support services I

MODERN OFFICE SPACE WITH FLEXIBLE, COLLABORATIVE DESIGN This newly renovated office building combines sleek, modern design with a flexible layout to foster collaboration and productivity. The space features open workstations, private offices, and collaborative areas, all designed to adapt to your team’s needs. Bright, airy interiors with large windows maximize natural light, while high-end finishes and advanced tech amenities create a dynamic, efficient environment. With multiple conference rooms, soundproof pods, and informal lounge areas, this building is ideal for companies seeking a versatile and collaborative workspace.

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Due Diligence

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