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205 S Main StreetBlacksburg, VA 24060Price: $5,950,000

  • Price: $5,950,000
  • 2 Days on Market
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Federal 30-year interest rate: 6.69% last updated on Aug 6, 2026
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  • $5,950,000List Price
  • 0.34Acreage
  • 23,940Square Feet

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Listed by Jeremy Hart of Nest Realty SWVA
Rare opportunity to acquire a well-located, elevator-served hospitality asset in the heart of downtown Blacksburg and a primary commercial corridor. Originally designed as an inn, the property features 34 existing guest units across three floors, supported by a central corridor layout, dual stairwells, elevator access, and covered parking. The building is a solid physical structure with modernized common areas and operational infrastructure in place, but the true value lies in its repositioning potential. With consistent unit dimensions and stacked plumbing, the property is ideally suited for conversion to mixed-use or multifamily, pending approvals. A strategic reconfiguration can yield a mix of studio and one-bedroom units, capitalizing on strong demand from tenants seeking walkable, downtown living adjacent to Virginia Tech. Execute a phased or full conversion to multifamily or hybrid housing, with minimal structural modification required. This is a compelling reuse opportunity.

Property Details of 205 S Main Street

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 "Based on information submitted to New River Valley Association of REALTORS as of August 13, 2026 12:13 PM UTC. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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