I-64 Exit 21 Archives - Karnes Creek

Karnes Creek Commercial/Hotel Development Opportunity

This 4.87 acre undeveloped commercial property is situated along Interstate 64 with frontage along the interstate. The site is cleared and zoned for business. With significant new development planned and underway, this interstate interchange represents a significant opportunity for commercial and hotel development. In addition to the hospital and government complex located at the interchange, a major new industrial/commerce park is under development and a housing development with over 95 units is nearing completion. All of the new growth at this location, in addition to the abundant tourist attractions and organized events demand additional hotel and commercial support.

» 4.87 acre cleared, undeveloped
commercial property is situated
on an interchange fronting
Interstate 64 in Virginia.
» Visible from Interstate 64
» Zoned B-1
» Located in an Opportunity Zone
offering a tax advantaged
investment opportunity
» Located within an Enterprise
Zone offering diverse
development incentives
» Located adjacent to the entrance of
LewisGale Hospital–Alleghany,
a regional hospital
» Adjacent property, a former
restaurant, potentially available

Site sheet available click here.

Consider Karnes Creek for Opportunity Zone investment

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.

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. — 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.

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.

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

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

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

www.facebook.com/karnescreekllc/

Williams Fabrication JENFAB is Business of the Year

Exit 21 Low Moor VA business recognized

Williams Fabrication JENFAB is Business of the Year. The company was recognized by the Alleghany Highlands Chamber of Commerce and Tourism at its 40^th annual dinner meeting and dance held March 30, 2019 at The Greenbrier Resort.

Known for skilled craftsmanship and tradesmanship

Williams Fabrication, Inc (dba Jenfab) has been in operation in the Alleghany Highlands for 25 years. The business prides itself on skilled craftsmanship and tradesmanship. It employs 31 full-time employees and numerous part-time employees. The company serves major corporations, small and medium size businesses, individuals and non-profits. Williams Fabrication JENFAB offers machining, fabrication, welding, Hammerhead calypso waterjet and a paint booth. Estimation and CAD design services are also available.

Need a Launch Site for your Business?

Karnes Creek and Cat & Owl properties offer a launch site for your business at Exit 21 I64 in Low Moor VA — Is one, or both, of these properties a launch site for your business?

The 4.87 acre Karnes Creek site offers the perfect launch site for your business. This is a prime commercial location in the center of the Alleghany Highlands. The site is diagonally across I64 from the newly opened Love’s Travel Stop at Exit 21. We invite your calls and emails and encourage you to contact us with any questions.

Email karnescreekland4sale@gmail.com or call 540-960-1135.
Visit us on facebook at#karnescreekllc

Spurrier Consulting recommends 62-room Sleep Inn

A feasibility study by Spurrier Consulting recommends a 62-room Sleep Inn & Suites (a Choice Hotels franchise) at the Exit 21 I64 interchange in the Alleghany Highlands.

“We have reviewed the lodging market in Low Moor which included the nearby communities of Covington and Clifton Forge. There is a lack of franchised hotels along this stretch of I64.”

The need for new lodging accommodations in the Alleghany Highlands is further confirmed by a 2017 assessment by VTKnowledgeWorks. This assessment concludes that there is currently a need for an additional 230 rooms of above average or better quality in the region.

The Spurrier Consulting study dates back to 2008-2009.

Karnes Creek site in Low Moor VA and major cities

Karnes Creek 4.87 acre site in Low Moor VA

Cleared site with approximately 556 feet of frontage on Virginia State Route 696, Selma-Low Moor Road and 339 feet on Route 1312, Karnes Road. The Karnes Creek site in Low Moor VA is at east bound ramp at the Exit 21 I64 interchange across the highway from the new Loves Travel Center now under construction. Site is zoned for business.

In Alleghany County between Clifton Forge and Covington, VA

Lewisburg, WV; Lexington and Roanoke, VA are 35 minutes to under an hour away. Interstates 64 and 81, Virginia State Routes 60 and 220 offer corridors in and out of the area.

The site is in an Enterprise Zone and Foreign Trade Zone. Details.

New signs on the perimeter of the Karnes Creek site at Exit 21 I-64 Low Moor VA direct potential buyers to the website and detailed information.

Karnes Creek Land for Sale
For More Information Contact:

Karnes Creek Investment Company, LLC
P. O. Box 635, Clifton Forge, VA 24422
Email: karnescreekland4sale@gmail.com
Tel: (540) 960-1135

Is it big enough?

Is it big enough? It comes down to what you are building.

Four acres 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.

So, then it comes down to what you are building…and what you can envision?

174,240 square feet of land. That’s 4 acres. Take 10 percent of that total for setbacks, easements, storm water control, and other factors and that brings the area down to 156,816 square feet of buildable area. Assign 30 percent of that area to access lanes and parking for customers, guests, or employees and the square footage drops to 109,771 or just a bit more than 2 1/2 acres – about the size of your average city block. That’s a good size piece of ground for buildings and green space.

The 4.87 acre Karnes Creek site in Low Moor VA…is it big enough? It comes down to what your are building and what you can envision.

Karnes Creek site at Exit 21 I64 in Low Moor VA

Karnes Creek Land For Sale
For More Information Contact:

Karnes Creek Investment Company, LLC
P. O. Box 635, Clifton Forge, VA 24422
Email: karnescreekland4sale@gmail.com
Tel: 540-960-1135

www.facebook.com/karnescreekllc/

Viability of extending natural gas service to Low Moor, VA

A newly completed feasibility study confirms that costs driven by mountainous terrain and distance from existing natural gas service remain the principle challenges to the viability of extending natural gas service to Low Moor, VA. The natural gas line would have to be extended from the Pitzer Ridge area of Covington, VA.

Heath and Associates, a Shelby, N.C.-based engineering firm that conducted the feasibility study for Alleghany County, places the estimated cost for constructing a natural gas system to the Alleghany Regional Commerce Center in Low Moor at $15.6 million. Columbia Gas of Virginia’s latest estimate is $26.5 million.

Due to the limited number of customers in the Low Moor area, the study projects that county would have to provide a subsidy of up to $975,403 per year to offset operating deficits.

The county also evaluated an option that would involve trucking compressed natural gas to the commerce center but the delivered cost exceeds propane and fuel-oil prices.

For more information read the front page story in the October 5, 2017 Virginian Review.

Need for 230 new rooms identified in the Alleghany Highlands region

More rooms and better rooms needed

A new study prepared by VT KnowledgeWorks for the economic development support organizations in the Alleghany Highlands found that the Alleghany Highlands region’s activities could support over 400 hotel and B&B rooms. Further there are no accommodations along the 50+ mile stretch of Interstate 64 in the Alleghany Highlands region other than in the Covington – Clifton Forge area.

Visitors agree with findings

After an assessment of five lodging accommodations market segments the study has identified a need for additional 230 rooms at the ABOVE AVERAGE or better quality standard. Visitor comments support the conclusion.

The Strategic Services Division of VT KnowledgeWorks (VTKW) provides one-on-one consulting to business, government agencies and their privately funded support organizations, and entrepreneurs throughout Virginia needing confidential strategic planning and business development assistance.

To access and read the executive summary Click here

For more information contact:

Alleghany Highlands Economic Development Corporation
1000 Dabney Drive, Suite 658
Clifton Forge, VA 24422
info@ahedc.com
tel: (540) 862-0936
www.ahedc.com

Alleghany Highlands Chamber of Commerce & Tourism
110 Mall Road
Covington, VA 24426
info@ahchamber.com
tel: (540) 962-2178
www.ahchamber.com

New location and hungry for talent?

Seeking a new location and hungry for talent?

Talent shouldn’t be hard to find nor should opportunities for work force training and continuing education. There are 20 colleges inclusive of two and four-year schools, both public and private, within 50 miles of Low Moor VA…and that’s just the Virginia schools.

Mountain Gateway Community College, the nearest college, is just under a mile and a half away “as the drone flies” and only minutes by car from Low Moor’s center.

The West Virginia School of Osteopathic Medicine in Lewisburg is just across the state line and there are community and technical colleges across the line as well.

The 4.87 acre Karnes Creek site at Exit 21 I-64 in Low Moor is in a prime location. The property is visible from the interstate and ideally situated for that business looking for a new location and hungry for talent.

For list of nearby Virginia schools Click here