301 Givens LnBlacksburg, VA 24060

Property Details for 301 Givens Ln

Year built

1980

Lot size

14.91 AC

Property size (Sq ft)

1,740 SF

Zone code

PMH

Property type

Other commercial real estate

APN

196- 1 1

APU

19611

Description

This exceptional investment opportunity presents a four-park portfolio of mobile home communities in Blacksburg and Roanoke, Virginia. The portfolio encompasses a total of 395 sites, boasting an impressive average occupancy rate exceeding 90%, demonstrating strong market demand and consistent revenue generation. Strategically located, the Blacksburg parks are within a 10-minute radius of Virginia Tech, benefiting from the university's substantial local impact and providing a stable tenant base. Similarly, the Roanoke communities enjoy a prime location, just 10 minutes from the city's dynamic downtown core, offering convenient access to employment centers and amenities. Each park benefits from established on-site management teams, ensuring efficient daily operations and minimizing management overhead. Furthermore, the portfolio presents significant upside potential through the development of currently undeveloped land within the existing communities, allowing for future expansion and increased revenue streams. This turnkey investment offers a compelling blend of stable income, strong occupancy, and substantial growth opportunities in a desirable location. The properties are well-maintained and positioned for continued success in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $218,505

  Hospitality

  $200,150

  Educational

  $166,522

  Medical

  $172,249

  Retail

  $259,034

Location Insight

City

Blacksburg

County

Montgomery

State

Virginia

Latitude

37.2528

Longitude

-80.4174

CBSA code

13980

CBSA name

BLACKSBURG-CHRISTIANSBURG-RADFORD, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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