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Kent Square North 205 S Main St 34 Room Hotel Blacksburg, VA 24060 $5,950,000 ($175,000/Room)
Investment Highlights
- Prime Downtown Blacksburg Location--Middle of Main Street-downtown next door to Virginia Tech, restaurants, retail, and entertainment
- Ideal Layout for Multifamily Conversion--Double-loaded corridor, uniform units, and stacked plumbing enable conversion into studios/one bedroom apts.
- On-Site Parking + Additional Area--Existing rear covered dedicated parking-rare asset for this location
- Repositioning Potential--Current layout supports conversion to retail + MF/Mixed use depending on strategy and approval
- Elevator-Served Asset--Rare for the market—appeals to a broader tenant base including professionals and long-term residents
- Strong Rental Demand Drivers--Supported by Virginia Tech, healthcare, and regional employment growth
Executive Summary
Property Facts
| Price | $5,950,000 | Building Size | 130,000 SF |
| Price Per Room | $175,000 | No. Rooms | 34 |
| Sale Type | Investment | No. Stories | 3 |
| Sale Condition | Business Value Included | Year Built/Renovated | 2008/2020 |
| Property Type | Hospitality | Parking Ratio | 0.61/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 1.00 AC | ||
| Zoning | GC | ||
| Price | $5,950,000 |
| Price Per Room | $175,000 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 130,000 SF |
| No. Rooms | 34 |
| No. Stories | 3 |
| Year Built/Renovated | 2008/2020 |
| Parking Ratio | 0.61/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | GC |
Amenities
- Wheelchair Accessible
- Public Access Wifi
About 205 S MAIN ST , BLACKSBURG, VA 24060
The Main Street Inn presents a rare opportunity to acquire a well-located, elevator-served hospitality asset in the heart of downtown Blacksburg, Virginia—just steps from Virginia Tech, restaurants, retail, and the town’s primary commercial corridor. Originally designed as an inn, the property features approximately 34 existing guest units across three floors, supported by a central corridor layout, dual stairwells, elevator access, and on-site under facility, covered parking. The building has been maintained and updated, offering a solid physical structure with modernized common areas and operational infrastructure already in place. The true value lies in its repositioning potential. With consistent unit dimensions, stacked plumbing, and a highly efficient layout, the property is ideally suited for conversion to mixed-use or multifamily apartments pending approvals. A strategic reconfiguration can yield a mix of studio and one-bedroom units, capitalizing on strong demand from students, young professionals, and workforce tenants seeking walkable, downtown living near Virginia Tech. Investors have the opportunity to execute a phased or full conversion to multifamily, extended stay, or hybrid housing, with minimal structural modification required. The asset’s location, layout, and scale position it as one of the most compelling adaptive reuse opportunities currently available in the Blacksburg market.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 34 | $159.00 | - |
Property Taxes
| Parcel Number | 017985 | Improvements Assessment | $2,572,000 |
| Land Assessment | $728,000 | Total Assessment | $3,300,000 |
Property Taxes
Presented by
Kent Square North | 205 S Main St
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