A developer plans to build a 48-unit apartment complex in the Low Moor area of Alleghany County. The apartments will be constructed by Robert Fralin, a Roanoke developer. Fralin will purchase property for the complex from the YMCA.
Source: Virginian Review, Saturday, September 12, 2020
River Retreat Apartments now available for lease.
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One can be both a developer and builder. Still, they are different tasks. “Development” means taking the raw land and preparing it for new construction (such as installing utilities — water, sewer, and electric). “Building” is erecting the structure.
Which are you? Developer or Builder?
Whether you lean one way or the other, or see yourself as both, Karnes Creek Investment Company LLC has a 4.87 acre site at Exit 21 that’s ready for development.
The Karnes Creek site is situated diagonally across from the Love’s Travel Stop on the same side of the I64 interstate as LewisGale Hospital — Alleghany. The property qualifies as a tax advantaged opportunity zone investment with the chance to defer, reduce, and eliminate taxes on capital gains.
The acreage is plenty big enough for an office building, hotel/motel, or medical center. B-1 zoning in Alleghany County VA lists nearly 30 different acceptable uses. Any one of which could be a fit.
So, then it comes down to what you can envision? Come talk to us. Take a look around our website and then let’s walk over the site and kick some dirt together. Call 540-960-1135.