Hotel Development Site Blacksburg
501 South Main Street, Blacksburg, VA 24060
$4,000,000.00
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Franchise
Room Count
Planned 144
Year Built
Lot Size
+/- 1.013 Acres
Key Highlights
Exclusive opportunity to acquire a shovel-ready, mixed-use hotel development site in Downtown Blacksburg, Virginia adjacent to Virginia Tech
A+ Location, less than a mile from Virginia Tech, a 38,000+ student university, the region’s largest employer and home to the Hokies’ Division I ACC football program at 65,000-seat Lane Stadium
Pad-ready site with mass grading currently underway and 175 structured parking spaces allocated, allowing a new investor or operator to expedite vertical construction while capitalizing on multiple revenue streams through retail leasing and parking income
Suggested brands include AC by Marriott, Graduate, Tempo, Embassy Suites by Hilton
Supply-constrained submarket, Blacksburg’s existing lodging inventory is undersized relative to its demand base, and new full-service upscale supply is rare given downtown land scarcity and strict zoning
Deep corporate & research demand from the Virginia Tech Corporate Research Center, home to 180+ companies and 3,100+ employees plus the Fralin Biomedical Research Institute and Rackspace Technology
Contact an Agent

Chase Dewese
Senior Director Investments
Charlotte, NC
1001 Sixth Ave., Ste 100 Huntington, WV 25701
NC-293623 WVS-240303513 VA-0225276010
Marcus & Millichap Real Estate Investment Services, Inc., a California corporation
Brian Hosey
Virginia Broker of Record
Bethesda, MD
7200 Wisconsin Ave., Suite 1101 Bethesda, MD 20814
VA-0225247494 - MD-5005538
Marcus & Millichap Real Estate Investment Services of North Carolina, Inc., a California corporation










