Property Type:
Commercial
Lot Size (sq. ft.):
26,572
Status:
Closed
Current Price:
$1,325,000
List Date:
2/14/2024
Last Modified:
5/15/2025
Description
ABSOLUTE AUCTION (Live & Online March 28, 11am) Valuable Real Estate Development Opportunity in a prime downtown Blacksburg, VA location. Approved Real Estate Redevelopment Plan for Restaurant & 7 townhouses along S. Main, Lee & Church St. on .61± Ac. Approved Certificate of Appropriateness/Redevelopment Plan, Rehabilitation of Kelsey House (for a restaurant) & construction of 7 townhomes all within walking distance to Virginia Tech Campus! The 3200±SF 1.5-Story historic home is approved for a restaurant located directly on S. Main St. Entry level has 2075± SF with walls & frame gable ends with half-timber decorative trim & exposed rafter ends. Upper level is 1130±SF space can be used as a private event room. See floor plan layout under Documents for more info. Rear of the property along
Supplements: Lee & Church Street has been approved for construction of 7 townhomes. See Site Plan & approved renderings & terms and conditions under docs. Property being sold AS-IS! List price is required by the MLS, but is tax assessment & does not reflect the sales price. Auction is March 28, 11am at the Inn at Virginia Tech Conference Center. Must register to bid live or online. Preview by appointment.
Directions: From I 81 in Christiansburg, VA take Exit 118 C-B-A, to ramp toward US-11/US460 toward Blacksburg/Christiansburg. Stay straight on US 460 W for 5 miles and take exit 5AB. Head right onto ramp for US-460 Bus East/Us 460 Bus West Toward Blacksburg, Continue on US460 West Bus/S Main St for approximately 3 miles property on right (201 S Main St Blacksburg, VA 24060)
Last Updated: May - 15 - 2025
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