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 9^th @ 4 PM

Click Here for Interactive Map

Click Here for Property Video

Click Here for Bidder Pack

Click Here for Transcript of NPR Podcast about the Growth of Blacksburg VA

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.

• 1.0 Miles to Blacksburg Recreation Center, Aquatic Center, and popular Town Parks.

• 1.3 Miles to large shopping center with anchor grocery store and pharmacy 

• 1.3 Miles to Town Center and Farmers Market 

• 1.5 Miles to Newly Renovated Town Municipal Golf Course

• 1.6 Miles to Town Hall and Public Library 

• 1.65 Miles from local EMS Station (Blacksburg Rescue) 

• 1.25 Miles to Virginia Tech Campus 

• 2.25 Miles to Virginia Tech Airport

• 3.85 Miles to Lewis Gale Montgomery Hospital.

Online Bidding – Online bidding opens August 26th and runs through 4 PM on Thursday September 9^th. 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. 

General Terms and Conditions – Bidding opens on August 26^th. 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 9^th). Close on or before November 9^th 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 9^th 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.

Pre-Auction Sales: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform.  Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all of the auction terms and conditions, and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner.  Seller may accept or reject such offer at their sole and absolute discretion.  When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance.  A Buyer’s Broker Fee of (2%) is offered on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.