Opportunity Zone Real Estate investing in Karnes Creek

Real estate and commercial property in designated opportunity zones provide interesting tax advantaged investment opportunities.

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.

Karnes Creek is a ready Opportunity Zone investment

The 4.87 acre Karnes Creek property for sale in Low Moor VA qualifies as an Opportunity Zone real estate investment and warrants your consideration.  The site lies within an opportunity zone certified in Alleghany County and thus allows an investor to take full advantage of the federal opportunity zone legislation encouraging the reinvestment of capital gains and offering significant tax benefits.

Enjoy material tax benefits. Reduce
capital gains

Investors can defer, reduce, and eliminate taxes on capital gains through investment in opportunity zone real estate or in a business located or doing the majority of its business in an opportunity zone.

Opportunity zones were created as a result of the federal Tax Cuts and Jobs Act of 2017.  They are intended to galvanize and spur investment by allowing taxes on capital gains to be deferred until the end of 2026 if the gains earned are invested in a business or real estate in a designated opportunity zone within 180 days.

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

Choose to invest in an Opportunity Zone
and you can:

  • Re-invest any form of capital gains.
  • Defer your taxes on your original capital gain until the end of 2026.
  • Reduce your taxes by up to 15% when you invest in a Qualified Opportunity Fund for at least 7 years.
  • Completely eliminate the tax on new capital gains from your Qualified Opportunity Fund investment after the 10-year mark.

To be eligible for the tax benefits, 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

Karnes Creek
Invest in an Opportunity Zone

Karnes Creek on I64 at Exit 21 in Low Moor VA

Commercial property For Sale
in Low Moor VA

The Karnes Creek site 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 of which could be a fit.

What you can envision?

This 4.87 acre undeveloped commercial property is situated along the east bound ramp at Exit 21 I64 in Low Moor VA and lies within the opportunity zone certified in Alleghany County.

A Tax Advantaged investment

Real estate and commercial property in designated opportunity zones provide interesting tax advantaged investment opportunities for investors.  Investors can defer, reduce, and eliminate taxes on capital gains.

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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