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$ 950,000
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495, 501 Piedmont ST Blacksburg, VA 24060
2.45 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type Commercial Lease
Municipality Clay St to right on to Piedmont, at the end of street.
MLS Listing ID 927710
Year Built 1940
Annual Tax Amount $18,450
Lot Size 2.450 Acres
Property Sub-Type Investment
Property Description
Unique Downtown Blacksburg development opportunity, within walking distance to VT, made possible by the NEW ZONING ORDINANCE 2053, By Rights development of SMALL LOTS in the R-4 districts. The properties include 2 cottage homes and 2 lots. The cottages are well maintained and offer a generous rental income; the assembling of these properties resulted in a total of 2.45 acres which exceeds the minimum 2 acres for the small lot subdivision zoning amendment approved in November 2024. Perfect opportunity to be a part of the plan to fill the gap between large-lot single family and dense apartment complex, providing more townhomes, duplexes, and cottage homes. For more information see zoning sec. 3043.
Location
State VA
County Montgomery County
Direction Clay St to right on to Piedmont, at the end of street.
Interior
Heating Heat Pump
Others
Acceptable Financing Month to Month
Listing Terms Month to Month
Listed by U/C BLUE RIDGE LAND & AUCTION CO INC- C'BURG