Commercial Development Opportunity in Blacksburg VA
You have the opportunity to purchase a large tract in an excellent location close to Virginia Tech! This property features 26.7 acres of open development land in the Town of Blacksburg VA. Within walking distance to downtown Blacksburg and Virginia Tech. Property has ideal topography for development, with 1,365 +/- feet of road frontage on Harding Road. Town water and sewer at site and readily available along with Natural Gas and Gigabit Internet Connectivity. Property is gently sloping and allows for potentially unblocked mountain views from every lot. Property is equally suited for Single or Multi-Family Development, Student Housing, 55+ Active Adult or Retirement Community and / or Private Estate.
There is extensive local and regional public transportation network (Blacksburg Transit) and Smart Way Commuter Bus with direct links to Airport, and Northern Virginia. Newly approved rail service and Amtrak Station scheduled for 2024.
Harding Rd, Blacksburg VA 24060
Online Only Auction Ending Thursday September 9th @ 4 PM
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Property located conveniently to Bus Stop within 100 feet of property.
Walkable Community to all convenient amenities.
Existing Bus Stop located within 100 ft of property.
Online Bidding – Online bidding opens August 26th and runs through 4 PM on Thursday September 9th. SOFT CLOSE.
Download Bidder Pack for Maps, Terms of Auction, Tax Card, Zoning, and Sample Purchase Contract. There is also a sample development plan located in Bidder Pack. Sample Development is not approved and is shown only for illustration purposes of what might possibly be accomplished. Bidder’s are expected to do their own research and due diligence for their own ideas for intended use approval and feasibility.
Directions from Blacksburg – North Main Street towards Prices Fork, Right on Jackson Street, Left on Progress Street, First Right on Harding Road, go 1 mile, property on right.
Bidding opens on August 26th. 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Buyer’s are expected to complete due diligence prior to bidding. Earnest Money Deposit of $150,000 required on day of sale (September 9th). Close on or before November 9th 2021. Subject to seller confirmation. Property sold as is where is any and all faults. Buyer is expected to complete their own due diligence. Auction starts ending at 4 PM on September 9th 2021. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes.