SOURCE: Woltz & Associates

Woltz & Associates

October 07, 2010 10:25 ET

Office Buildings, Hotels, Retail Sites, Development Land to Sell in Virginia Real Estate Auction

BLACKSBURG, VA--(Marketwire - October 7, 2010) -  A large portfolio of development land and income producing commercial properties -- including a professional park with extended stay suites, a Microtel Inn & Suites and a Kmart -- will sell in a giant auction Thursday, Nov. 4, with Woltz & Associates managing the sale.

"This sale is probably the most desirable collection of properties we've ever sold in one event," said Jim Woltz, president of the auction company. "The principal owner has been assembling this portfolio of prime properties near Virginia Tech over a number of years and is preparing to retire, so this is an outstanding opportunity."

Properties to be sold include:

  • Oak Tree Professional Park & Oak Tree Extended Stay, 144 Oak Tree Boulevard, Christiansburg, Va.

  • Microtel Inn & Suites, 135 Ponderosa Drive, Christiansburg, Va.

  • Kmart Property, 1000 Laurel Street, Christiansburg, Va. as well as 38.9 acres of commercial development adjacent to the store (offered as a separate parcel).

  • 27 acres of prime residential development land in Blacksburg, selling in two parcels, each with frontage on the Huckleberry Trail.

  • Eight commercial lots on Central Avenue in Christiansburg, across from a residential neighborhood with 3,000 homes. The properties are suitable for retail locations or offices.

  • A waterfront home site on Smith Mountain Lake in Goodview, selling absolute, with no minimum or reserve.

  • Commercial development land adjoining major highways in Christiansburg (most within 5 miles of Virginia Tech), Radford, and Pearisburg.

Individuals seeking additional information about the auction may contact Woltz at 800-551-3588 or visit Woltz & Associates, based on Roanoke, Va., specializes in the sale of commercial properties, land, estates and other high-value real estate throughout the United States. More auction information.

Contact Information

  • For more information:
    Carl Carter

    Lindsay Fernandes