105 Lee Street, Blacksburg, VA 24060
- $4,995,000
- 3
- BD
- 3
- BA
- 1,900
- SqFt
- List Price
- $4,995,000
- Days on Market
- 7
- Status
- ACTIVE
- MLS#
- VAMV100046
- Bedrooms
- 3
- Bathrooms
- 3
- Full Baths
- 2
- Half Baths
- 1
- Living Area
- 1,900
- Style
- Contemporary
- Year Built
- 2021
- County
- Montgomery
- School District
- Montgomery County Public Schools
Property Description
Over the course of four years, Kelsey Row was carefully designed and created with input from the Blacksburg Historic or Design Review Board (HDRB). The design and finishes have been carefully selected to retain historical relevance, while modernizing and improving the property to become an integral part of the downtown atmosphere. These three bedroom, two and a half bath units won't be available for long. Purchase early and you could select your own options. Parking is at a premium downtown, especially during game days and other big campus events. Save yourself the time and headache of dealing with parking. Every unit in Kelsey Row has an attached two car garage; and don't forget about the bus stop next door in front of the Cabo Fish Taco. With the convenient location and easy access to transit, you can park your car and forget about it until you have to leave Blacksburg. Pre-sales beginning now! With only seven units to choose from, Kelsey Row will be sold out before you know it. Rarely offered Investment opportunity in downtown Blacksburg, VA. Located only 2 blocks from the Virginia Tech campus, this property could proforma at 5.35% CAP rate! Don't miss the optional adjacent parcel at 201 S Main, also available for sale at $1.3M: this historic property could provide a great location for a restaurant. This unique property has the potential to capture the demand from campus, the Main Street Inn next door, and the town house residences. The restaurant could drive an estimated cap rate of 6.65%. Take advantage of tax incentives as this entire property is also located within the Opportunity Zone. Sellers are licensed RE agents in Virginia.
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Additional Information
- Subdivision
- None Available
- Taxes
- $6500
- HOA Fee
- $60
- HOA Frequency
- Monthly
- School District
- Montgomery County Public Schools
- Elementary School
- Harding Avenue
- Middle School
- Blacksburg
- High School
- Blacksburg
- Garage
- Yes
- Garage Spaces
- 2
- Heating
- Central, Forced Air
- Heating Fuel
- Electric, Central
- Cooling
- Central A/C
- Water
- Public
- Sewer
- Public Septic
- Room Level
- Bedroom 1: Upper 1
Mortgage Calculator
Listing courtesy of Long & Foster Real Estate, Inc..
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