Eleven acres along Christiansburg’s retail 460 corridor to be sold at auction

Published June 6, 2016 by Paula C. Squires

When Christiansburg's retail growth took off along U.S Route 460, about 11.3 acres remained undeveloped. Now, the owner is preparing to sell that land in a June 28 auction with Woltz & Associates marketing the land and managing the event.

According to Woltz & Associates, the land will sell in three tracts along Farmview Road, just south of the development that includes Home Depot, Target and Spradlin Farm Shopping Center. One tract is about three acres. The other two are about four acres in size. The tracts will sell subject to a combined minimum bid of $995,000.

Also being offered for sale in the auction will be two small signage tracts along Route 460 on Farmview Road and Spradlin Farm Drive.

“The location couldn't be better, with 23,000 vehicles passing by per day and easy access to Blacksburg and Interstate 81,” Jim Woltz, president of the auction company, said in a statement.  “The tracts are zoned B3. In addition to Home Depot and Target, the area has a Wal-Mart Supercenter. We believe it's time to put these tracts in the hands of someone with a vision to bring further development.”

Christiansburg recently adopted a comprehensive plan to promote a healthy business climate through coordinated land use, housing, transportation, public safety and other services.

Woltz personnel will be at the site from 1 to 3 p.m. on June 14 and June 21, or by appointment. The auction will begin at 4 p.m. ,Tuesday, June 28, at the Montgomery County Moose Lodge, 115 Farmview Road Northwest, Christiansburg.

Woltz & Associates, based in Roanoke, Virginia, is an auctioneer of land, commercial and residential properties and other high-value real estate throughout the United States, with an emphasis on the mid-Atlantic region.