3% Commission available only if agent brings buyer directly to sellers (Eric Frith, Pat Frith and/or Dan Frith). If selling agent contacts sellers thru agent/firm that has limited listing agreement with sellers, then selling agent/firm splits 4% commission w/ listing agent/firm. In no event will sellers be required to pay more than a 4% commission to any combination of agents/firms.
This three (3) acre vacant lot is conveniently located at the intersection of Tom’s Creek Road (a major Blacksburg artery) and U. S. Route 460 Bypass, less than one (1) mile from the Virginia Tech campus. The property has great visibility, with over 500 feet of frontage along Route 460 on the northern boundary and approximately 280 feet of frontage along Tom's Creek Road on the eastern boundary. The property has public sewer hookup on site, public water available across Tom's Creek Road, and is recently cleared and hydro-seeded.
The Town of Blacksburg is located in the beautiful Blue Ridge Mountains in Southwest Virginia and is the home to Virginia Tech, a major research university with 23,421 undergraduate and 4,366 graduate students (Total = 27,787) enrolled at the Blacksburg campus for Fall 2008 semester. The Virginia Tech campus includes the Virginia-Maryland Regional College of Veterinary Medicine (VMRCVM) and The Edward Via Virginia School of Osteopathic Medicine (VCOM).
Route 460 Bypass in Blacksburg has been designated by Congress as the general corridor for Interstate 73 from Blacksburg to the West Virginia state line. Daily Traffic Counts demonstrate 13,000 pass the property on Route 460 Bypass, and 11,000 vehicles pass the property on Tom's Creek Road. The property is zoned RM-48, which allows residential development at a density of forty-eight (48) bedrooms per acre, the highest density allowed under any zoning district in Blacksburg.
The property is ideal for the development of apartments for student housing, or luxury apartments/condominiums for young professionals. With a special use permit, the property is perfect for a Hotel or other commercial uses.