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118 S Main St

20,480 SF 100% Leased Flex Building Blacksburg, VA 24060 $5,618,720 CAD ($274 CAD/SF)

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Investment Highlights

Central Position in Downtown Blacksburg!

Executive Summary

Exceptional central position on Main Street, ensconced in the lively heart of downtown Blacksburg. A distinctive opportunity awaits to secure a parcel of approximately 0.92 acres, with frontage on three bustling thoroughfares. Capitalize on the advantage of Downtown Commercial zoning within an Opportunity Zone. This property is versatile, whether acquiring the existing building and parking or exploring its potential for development. Strategically positioned next to a public parking deck, it's just a stone's throw from the Virginia Tech campus, surrounded by an array of restaurants and vibrant nightlife—all within a few blocks' reach. Additionally, envision the potential for this space as an ideal location for a new bar or club.

Property Facts

Price	$5,618,720 CAD	Lot Size	0.92 AC
Price Per SF	$274 CAD	Rentable Building Area	20,480 SF
Sale Type	Investment or Owner User	No. Stories	1
Property Type	Flex	Year Built	1962
Property Subtype	Showroom	Parking Ratio	1.56/1,000 SF
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$5,618,720 CAD
Price Per SF	$274 CAD
Sale Type	Investment or Owner User
Property Type	Flex
Property Subtype	Showroom
Building Class	B
Lot Size	0.92 AC
Rentable Building Area	20,480 SF
No. Stories	1
Year Built	1962
Parking Ratio	1.56/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

PROPERTY TAXES

Parcel Numbers	Multiple 020777 020776 008874 008877	Improvements Assessment	$899,978 CAD
Land Assessment	$2,527,862 CAD	Total Assessment	$3,427,841 CAD

PROPERTY TAXES

Parcel Numbers

Multiple

020777
020776
008874
008877

Land Assessment

$2,527,862 CAD

Improvements Assessment

$899,978 CAD

Total Assessment

$3,427,841 CAD

zoning

Zoning Code	Downtown Commercial (Downtown Commercial. See Documents for permitted uses.)
Downtown Commercial (Downtown Commercial. See Documents for permitted uses.)