275 STARLIGHT DR SE CHRISTIANSBURG VA 24073
4.15 Acres of B3 Land Multifamily or General Commercial Opportunity
Marketing description
4.15 Acres, 275 Starlight Drive presents a unique opportunity to acquire a former drive-in movie theater site with exceptional redevelopment potential. The property offers a large-scale land assemblage ideal for multifamily, townhome, build-to-rent, senior living, or mixed-use residential development, subject to municipal approvals.
Historically operated as the iconic Starlight Drive-In theater, the site combines nostalgic character with forward-looking development potential in an area benefiting from ongoing residential growth and increasing housing demand. The property’s size and configuration provide flexibility for a variety of site plans, including garden-style apartments, cottage communities, mixed-density housing, or amenity-rich residential projects.
Strategically positioned with convenient access to surrounding retail, dining, schools, and major transportation routes, 275 Starlight Drive is well suited for developers seeking an infill redevelopment opportunity in an established and expanding market.
This offering represents a rare chance to reposition a recognizable local landmark into a next-generation residential community. Buyers should independently verify zoning, density allowances, utility availability, and all redevelopment requirements with the appropriate governing authorities.
Investment highlights
- Rare Large-Scale Infill Redevelopment Site – Former Starlight Drive-In theater property with substantial land area suitable for transformative redevelopment.
- Ideal for Multifamily / Mixed-Use Development – Strong potential for apartments, townhomes, build-to-rent communities, senior housing, or mixed-use concepts (subject to zoning and approvals).
- Established Growth Corridor – Located within a mature trade area experiencing continued residential and commercial expansion.
- Flexible Site Configuration – Large contiguous parcel allows for phased development, creative site planning, and higher-density residential opportunities.
- Existing Utilities Nearby – Utility infrastructure available in the area supports redevelopment potential.
- Adaptive Reuse Potential – Opportunity to preserve or incorporate nostalgic drive-in theater elements into a modern residential or entertainment-focused concept.
- Strong Housing Demand Fundamentals – Positioned to capitalize on increasing demand for attainable and workforce housing in the market.
- Positive Census Tract for LIHTC projects
- Excellent Access to Employment & Amenities – Convenient proximity to retail, dining, schools, and major employment centers.
- Investment or Owner/User Opportunity – Suitable for developers, investors, or groups seeking a redevelopment project.
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