Properties like this do not come up very often! Check out this +/- 0.788 acre commercial property zoned B3 General Business District within the Town of Christiansburg. Property features 2 commercial buildings with great visibility and excellent location. Both buildings have a past total rental income of $3,000 a month.
The first building has approximately 2,779 sq ft, with a main lobby, several office spaces and a large storage/garage area. There are 1.5 baths in this building, along with three-phase power. Building was formerly Parmer & Son’s Painting.
The second building is an approx. 30’ x 40’ metal building. There is an office space and a large garage door. Exterior steps at the rear of the building provide access to the lofted storage area. The lofted area makes a great place for storage. Building has three-phase power along with natural gas hookup.
Property has town water and sewer, and a paved parking lot. There is a gravel lot behind the metal building that could be cleared for more parking.
Property has excellent visibility from Franklin St. There is +/- 160 ft of frontage on N Franklin St and +/- 225 ft of frontage on Railroad Street. Franklin St has approximately 25,000 vehicles per day pass, according to the VDOT website.
Online Auction Ends Friday, October 16th, at 3 PM
690 N Franklin St. & 24 Railroad St., Christiansburg, VA 24073
CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or email [email protected]. You can also contact Realtor Kaitlyn Harman at 540-835-9085 or email [email protected]
DIRECTIONS: From Exit 114, take W Main St., to a left onto Depot St NW, to a left on N Franklin Street. Property is on the left, just past the Christiansburg Aquatic Center.
BIDDER PACKET: Download Bidder Packet for complete information. Bidder Packet has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Packet may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well.
SOFT CLOSE: If a bid is received within the last 2 minutes of the auction or after 3 PM, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants.
BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyer’s Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000). Buyer’s Premium is not due until closing.
PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all of the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance. A Referral Fee of 2% of the high bid is offered to a cooperating VA State Licensed Real Estate Salesperson/Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided. Download Bidder Pack for Online Bidder’s Agreement, maps, sample contracts, and property information.
TERMS AND CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000. Close on or before November 30th, 2026. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Seller or auctioneer on seller’s behalf, may bid up to but not beyond seller’s reserve price. Auction starts ending at 3 PM on October 16th, 2026. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Bidders are expected to download and review Bidder Information Pack for complete terms and conditions, purchase contract and maps at BidBlueRidge.com