$5,950,000 USD
540-357-2084
205 S Main St
Blacksburg, VA 24060
Downtown Blacksburg
HIGHLIGHTS
- Prime Downtown Blacksburg Location--Middle of Main Street-downtown next door to Virginia Tech, restaurants, retail, and entertainment
- Repositioning Potential--Current layout supports conversion to retail + MF/Mixed use depending on strategy and approval
- Ideal Layout for Multifamily Conversion--Double-loaded corridor, uniform units, and stacked plumbing enable conversion into studios/one bedroom apts.
- Elevator-Served Asset--Rare for the market—appeals to a broader tenant base including professionals and long-term residents
- On-Site Parking + Additional Area--Existing rear covered dedicated parking-rare asset for this location
- Strong Rental Demand Drivers--Supported by Virginia Tech, healthcare, and regional employment growth
FOR SALE DETAILS
PRICE
$5,950,000 USD
PRICE/SF
$46 USD /SF
# OF ROOMS
34
PRICE/ROOM
$175,000 {currency}
CAP RATE
Request Cap Rate
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Main Street Inn
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2008
PARKING SPACES
80
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
GC
APN/PARCEL ID
017985
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540-357-2084
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540-357-2084
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