$1,325,000
Blacksburg, VA 24060
MLS# 904986
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Property 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
Details
Maps
General Property Description
Construction Status: Completed
Total Acreage: 0.61
Flood Area: No
On site Parking: Yes
Basement Y/N: Yes
Water Class: N/A
Gross Building SqFt: 3200
Lease Available: No
Year Built: 1945
Location, Tax & Legal
Major Area: 10 - Montgomery County
Legal: Corner Lee & Main St
Tax ID: 002612, 002611
Annual Taxes: 3293
Area: 1000 - Montgomery County
Street Number: 201
Street Name: South Main
Street Suffix: ST
State/Province: VA
Zip Code: 24060
Municipality: Montgomery County
Remarks & Misc
Directions: From I-81 in Christiansburg: Exit 118 C-B-A, to ramp to US11/US460 to B-burg/C-burg; Straight on US460 W for 5mi & use exit 5AB. Go R on ramp for US-460BusE/W to B-burg, & on US460W/S. Main 3mi. On R
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Stucco: 1
Wood: 1
Commercial Type
Investment: 1
Retail: 1
Business Type
Type of Business (Historical Field): Retail
Sale Includes
Building & Land: 1
Heating
None: 1
Cooling
None: 1
Water Description
Public: 1
Documents Available
Survey: 1
Tobacco Alotment: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Roof System
Shingle: 1
Internet Access
Other, See Remarks: 1
Floors
Wood: 1
Contract Information
Current Price: $1,325,000
Sold Price: $1,325,000
List Date: 2024-02-14
Status: Closed
Status Change Info
Ratified Contract Dt: 2024-03-29
Sold Date: 2024-05-07
Sold Price: $1,325,000
Property Features
Limited Service: Not Limited Service
Commercial Type: Investment; Retail
Sale Includes: Building & Land
Construction: Brick; Stucco; Wood
Roof System: Shingle
Heating: None
Cooling: None
Floors: Wood
Manufactured Homes: No HUD Tag
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Internet Access: Other, See Remarks
Documents Available: Survey; Tobacco Alotment
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)
Listing Office: WOLTZ & ASSOCIATES
Last Updated: May - 15 - 2025
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