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.
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.
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
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