360 Arbor DR NE, Christiansburg, VA 24073

$3,700,000
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
Major Area
10 - Montgomery County
Legal
ARBOR VIEW PLANT PH XII LOT 32-A
Tax ID
406- 8 32A
Annual Taxes
25511
Zoning Code
B3

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

Remarks & Misc

Public Remarks
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.
Directions
From Route 460 take Peppers Ferry Road exit. Turn R on Arbor Drive. Property on R.

Limited Service

Not Limited Service
Yes

Construction

Block
Yes
Dryvit Type
Yes
Metal Siding
Yes
Wood
Yes

Commercial Type

Office
Yes
Retail
Yes

Sale Includes

Building & Land
Yes

Heating

Heat Pump
Yes

Cooling

Heat Pump
Yes

Water Description

Public
Yes

Documents Available

Appraisal
Yes
Survey
Yes

Sewer Description

Public Sewer
Yes

Manufactured Homes

No HUD Tag
Yes

Floors

Carpet
Yes
Concrete
Yes
Tile
Yes

Additional Features

Indust Refrigeration
Yes
Other - See Remarks
Yes

Topography

Level
Yes

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
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