201 South Main ST, Blacksburg, VA 24060

$1,325,000

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)

More Information MLS# 904986

Contract Information

Current Price: $1,325,000 Sold Price: $1,325,000 List Date: 2024-02-14 Status: Closed

General Property Description

Construction Status: Completed Year Built: 1945 Total Acreage: 0.61 Flood Area: No On site Parking: Yes Gross Building SqFt: 3200 Lease Available: No Basement Y/N: Yes Water Class: N/A

Location Legal Taxes

Area: 1000 - Montgomery County Street Number: 201 Street Name: South Main Street Suffix: ST State/Province: VA Zip Code: 24060 Municipality: Montgomery County

Status Change Info

Ratified Contract Dt: 2024-03-29 Sold Date: 2024-05-07 Sold Price: $1,325,000

Business Type

Type of Business (Historical Field): Retail

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

Listing Office: WOLTZ & ASSOCIATES

Last Updated: May - 15 - 2025

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201 South Main ST, Blacksburg, VA 24060 (MLS# 904986)