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TBD N Main Street, Blacksburg, VA 24060

$7,400,000

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Sold Price: $7,400,000
List Price: $8,700,000
Status: CLOSED
Days on Market: 56
Closing Date: Nov 17, 2025
MLS#: 424550
Acres: 58
MLS Area Major: Blacksburg (in town limits)

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Property Description

FOR SALE – DEVELOPMENT LAND WITH BY-RIGHT DENSITY GIVENS VILLAGE | BLACKSBURG, VA 58.04 Acres | Newly Zoned for Small-Lot Housing | $8,700,000 Premier 58-acre site in Blacksburg now zoned under Ordinance 2053 for small-lot development—enabling townhomes, duplexes, and cottages by right with no public hearings required. Located along North Main Street near Virginia Tech, the property allows 3,000 ft² lots, alley-loaded attached housing, and up to 2.5 stories. Rezoning supports walkable communities with 10–15% open space, sidewalks, and neighborhood-scale design. Ideal for phased development with strong demand for “missing middle” housing. Close to schools, parks, transit, and the university. Fully entitled and ready for immediate planning and buildout. Offered at $8.7M.

5403202770

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Additional Information

Taxes: $11,725
Zoning: Residential 4
School District: Montgomery County
Elementary School: Gilbert Linkous
Middle School: Blacksburg
High School: Blacksburg