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275 Starlight dr
Christiansburg, VA 24073

$595,000 USD

Land For Sale  •  4.15 AC

Property Details

  • Property Type Land
  • Lot Size 4.15 AC
  • Zoning B3
30 Transit Score
30 Walk Score

Description

275 Starlight Drive presents a unique opportunity to acquire a former drive-in movie theater site with exceptional redevelopment potential. The property offers a large-scale land assemblage ideal for multifamily, townhome, build-to-rent, senior living, or mixed-use residential development, subject to municipal approvals.

Historically operated as the iconic Starlight Drive-In theater, the site combines nostalgic character with forward-looking development potential in an area benefiting from ongoing residential growth and increasing housing demand. The property’s size and configuration provide flexibility for a variety of site plans, including garden-style apartments, cottage communities, mixed-density housing, or amenity-rich residential projects.
Strategically positioned with convenient access to surrounding retail, dining, schools, and major transportation routes, 275 Starlight Drive is well suited for developers seeking an infill redevelopment opportunity in an established and expanding market.
This offering represents a rare chance to reposition a recognizable local landmark into a next-generation residential community. Buyers should independently verify zoning, density allowances, utility availability, and all redevelopment requirements with the appropriate governing authorities.

Highlights

Investment or Owner/User Opportunity – Suitable for developers, investors, or groups seeking a landmark redevelopment project.
Existing Utilities Nearby – Utility infrastructure available in the area supports redevelopment potential.
Strong Housing Demand Fundamentals – Positioned to capitalize on increasing demand for attainable and workforce housing in the market.
Flexible Site Configuration – Large contiguous parcel allows for phased development, creative site planning, and higher-density residential opportunit
Ideal for Multifamily / Mixed-Use Development – Strong potential for apartments, townhomes, build-to-rent communities, senior housing, or mixed-use co

Public Transportation

AirportDriveWalkDistance
Roanoke/Blacksburg Regional (Woodrum Field) 45 min - 31.8 mi
Carmen Elliott 540-357-2084 Elliott Inc.
Carmen Elliott 540-357-2084 Elliott Inc.