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Land to be used for commercial development
Sydney Lake //July 16, 2020//
Land to be used for commercial development
Sydney Lake// July 16, 2020//
The Roanoke Regional Airport Commission, which owns the Roanoke-Blacksburg Regional Airport, has purchased 17 acres of undeveloped land surrounding the airport for $2.25 million, Roanoke-based Poe & Cronk Real Estate Group announced Tuesday.
The sale includes 3.7 acres at the intersection of Municipal and Aviation Drive, 4.6 acres at the intersection of Thirlane and Tom Andrews Road and 8.7 acres at Precision Circle. The airport is located at 5202 Aviation Drive in Roanoke.
The sellers were not disclosed, but the land was sold by multiple property owners, says Poe & Cronk Chairman and CEO Dennis R. Cronk, who represented the sellers in the sale.
“The undeveloped land is prime for future commercial development as the airport continues to expand services,” Cronk said in a statement. Cronk declined to further comment on what the commercial developments could include.
