Consider Karnes Creek for Opportunity Zone investment

Real estate and commercial property in designated opportunity zones provide interesting tax advantaged investment opportunities.  The 4.87 acre Karnes Creek site is just such a possible opportunity zone investment.  This undeveloped commercial site is situated along the east bound ramp at Exit 21 I-64 in Low Moor VA. It lies within the opportunity zone certified in Alleghany County.

The 4.87 acre Karnes Creek site warrants your consideration as an Opportunity Zone investment and the chance to defer, reduce, and eliminate taxes on capital gains.
The Karnes Creek investment opportunity is located diagonally across the interstate from the newly opened Love’s Travel Stop location. The site is cleared with approximately 556 feet of frontage on Virginia State Route 696, Selma-Low Moor Road and 339 feet on Route 1312, Karnes Road. Site is zoned B-1 for business.

Invest in Opportunity Zones

The federal Opportunity Zone program enacted as part of the Tax Cuts and Jobs Act of 2017 allows investors to create Opportunity Funds to direct tax-advantaged investments to one or more opportunity zones like that in Alleghany County.  Investments are required to be equity investments in business or real estate within an opportunity zone.

Enjoy material tax benefits. Reduce capital gains

Opportunity zone investment offers investors the chance to defer, reduce, and eliminate taxes on capital gains. To be eligible for the tax benefits, their capital gains have to be invested in low-income census tracts that have been designated as opportunity zones. More than 8,700 census tracts in the U.S., including 212 in Virginia, have been officially identified as opportunity zones.

Opportunity Zones offer tax advantaged investment opportunities in both business and real estate. Karnes Creek in Low Moor VA is just such an opportunity.

For information about Opportunity Zone investment in real estate and business contact :

Alleghany Highlands Economic Development Corporation
9212 Winterberry Avenue, Covington, VA 24426.
540-862-0936
info@ahedc.com

Opportunity Zones in the Roanoke Region of Virginia

Karnes Creek

  • Aerial view of Karnes Creek site looking west to east.
    Karnes Creek site on I64 at Exit 21 in Low Moor VA. Aerial view looking west to east.

The 4.87 acre Karnes Creek site warrants your consideration as an Opportunity Zone investment and the chance to defer, reduce, and eliminate taxes on capital gains. Come see the site with us.

Karnes Creek Investment Company, LLC
P. O. Box 635, Clifton Forge, VA  24422
Email:  karnescreekland4sale@gmail.com
Tel:  540-960-1135

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