360 Arbor DR NE, Christiansburg, VA 24073

$3,700,000

Aerial Photo with surrounding franchises

Property Type: Commercial Baths: 27 Lot Size (sq. ft.): 145,490 Status: Closed

Current Price: $3,700,000 List Date: 10/09/2018 Last Modified: 9/22/2024

Overview

Description

This 3.34 acre parcel is conveniently located minutes from Virginia Tech University, in the heart of the thriving commercial development at the intersection of Rt 460 and Peppers Ferry Road, the epicenter of commerce for the New River Valley. Surrounded by various uses including hotel, restaurants, entertainment, office space and shopping. All infrastructure in place including, electric, water, sewer, natural gas and storm water management.. Property is highly visible from 460 bypass. Currently used as retail investment property (20,000+ square feet) with cash flowing leases and an operating daycare (14,500 square feet) licensed for up to 200 children. Zoned B-3, General Business. Rear buildings are partially solar-powered. Highest and best uses, hotel site, restaurant, mixed use.

Listing Details MLS# 853125

Location, Tax & Legal

Area: 1000 - Montgomery County
Street Number: 360
Street Name: Arbor
Street Suffix: DR
Street Direction Sfx: NE
State/Province: VA
Zip Code: 24073
Municipality: Montgomery County

General Property Description

Construction Status: Completed
Year Built: 1995
Total Acreage: 3.34
Flood Area: No
On site Parking: Yes
Parking Spaces: 140
Gross Building SqFt: 35384
Retail SqFt: 20884
Office SqFt: 14500
Lease Available: Yes
Basement Y/N: Yes
Total Bths: 27
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2019-03-22
Sold Date: 2019-08-23

Business Type

Type of Business (Historical Field): Retail, Office

Miscellaneous Info

Ceiling Height: 20

More Information

Property Features

Limited Service: Not Limited Service Commercial Type: Office; Retail Sale Includes: Building & Land Construction: Block; Dryvit Type; Metal Siding; Wood Heating: Heat Pump Cooling: Heat Pump Floors: Carpet; Concrete; Tile Manufactured Homes: No HUD Tag Additional Features: Indust Refrigeration; Other - See Remarks Water Description: Public Sewer Description: Public Sewer Documents Available: Appraisal; Survey Topography: Level

Listing Office: LYONS TEAM, REALTORS®

Last Updated: September - 22 - 2024

All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.