The Montvale Center for Commerce is made up of two distinct business parks in close proximity to one another. The commercial center is an 18.98 acre site that is commercially zoned. It is positioned on U.S. 460 in front of a county recreation park and next to the Montvale Elementary School.
Across from the commercially zoned property is a 45-acre park designed for non- commercial business and industry. This property is bordered on the north by Norfolk-Southern Railroad, which allows for the possibility of rail siding. A graded lot is still available, as well as two prime, flat lots. Several lots have been sold and are active.
On 460 in Western Bedford County, midway between Bedford & Roanoke. Distance to retail: Town of Bedford 10 miles. Blue Ridge 9 miles & Roanoke 18 miles. Traffic count is 18,000 cars per day.
Served by 6″ water line and 8″ sewer lines. Electricity and fiber available. Propane available.
- Real estate – $.52 per $100 assessed value
- Business personal property – $1.70 per $100 original purchase price
- Machinery and Tool – $1.20 per $100 original purchase price
- Merchants Capital – NONE (eliminated in 2011)
The 19+/- acres commercial shopping center can be laid out to suit a developer’s plans. This prime location offers an excellent site for a potential retail development in an area that has been under-served as the county’s growth has been developed over the past two decades.
Lots in the 45+/- acre business park vary in size from 5 acres up to a potential 20 acres. Lot lines represented on the design layout can be revised to accomodate ultimate users.