Work on the site for a 48-unit apartment complex in the Low Moor area of Alleghany County VA has begun. The apartments are being constructed on property near the YMCA by Robert Fralin, a Roanoke developer.
River Retreat Apartments now available for lease.
For more information click here.
Karnes Creek in Low Moor, Virginia is an undeveloped commercial property. The site is situated along the east bound ramp at Exit 21 I64. The property 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. Karnes Creek is zoned for business. It is listed on page 35 in the Alleghany Highlands Investor Prospectus. Downloaded the full prospectus here.
The newly released prospectus highlights potential projects positioned to provide investors with an understanding of the development opportunities in the Alleghany Highlands. These projects have been identified by engaging critical partners and stakeholders to activate these opportunities. The projects align well with the Opportunity Zone incentive. Download or Click here to access the prospectus.
A developer plans to build a 48-unit apartment complex in the Low Moor area of Alleghany County. The apartments will be constructed by Robert Fralin, a Roanoke developer. Fralin will purchase property for the complex from the YMCA.
Source: Virginian Review, Saturday, September 12, 2020
River Retreat Apartments now available for lease.
For more information click here.
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 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.
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.
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
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
The Virginia Economic Development Partnership (VEDP) accepts Balchem Corporation with a location in Low Moor VA into its two-year Virginia Leader’s in Export Trade (VALET) program.
The program provides companies with export planning services and assistance putting companies on the fast track for international business growth.
For more information on the VALET Program, visit http://exportvirginia.org/services/programs-grants/.
Source: Virginian Review. Saturday, July 13, 2019
Just 1 ½ miles up the road from Exit 21 in Low Moor VA, The Jackson River Technical Center helps students hone winning hands-on skills.
JRTC students have won state championships in welding and in cabinetmaking.
JRTC’s 2019 state welding champion went on to win GOLD in the SkillsUSA National Championship.
Programs at JRTC include:
Automotive Technology, Carpentry, Computer Systems Technology, Culinary Arts, Early Childhood Education, Electricity, Marketing, Nurse Aide/Health Assistant, and Welding
Jackson River Technical Center is the career and technical education facility for Alleghany County VA.
Looking for people with hands-on skills? Find winners at JRTC.
Williams Fabrication JENFAB is Business of the Year. The company was recognized by the Alleghany Highlands Chamber of Commerce and Tourism at its 40th annual dinner meeting and dance held March 30, 2019 at The Greenbrier Resort.
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.
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
The robust spring on the 4.87 acre Karnes Creek site was once part of the Lipsey & Meade Water System serving Low Moor VA and the surrounding area.
The Lipsey & Meade Water System was sold to Alleghany County VA in September 1974 by Virginia Meade and Martha B. Lipsey for $5,000 cash in hand. Reference Deed Book 211 page 612 and Plat Book 24 Page 290 in the Alleghany County VA Courthouse.
The sellers did grant and convey any franchise or exclusive right to serve any water customer located in what is commonly known at the Low Moor (Lowmoor) area in Alleghany County. By this conveyance it was intended that the sellers, their heirs, personal representatives and assigns would not engage in the sale of water for residential purposes within a radius of five miles from the then existing Central School located within the village of Low Moor. The sellers, however, did reserve the right to sell water to any individual or corporation where said water would be used for non-residential purposes.
The parties to the sale further agreed that the spring and spring house situated on what is today the 4.87 acre Karnes Creek property were expressly excluded from the sale of the water system.
The robust spring on the Karnes Creek property in Low Moor VA runs cold and clear. The spring (actually 3 springs) forms a pool approximately 30 feet wide by 100 feet long which overflows as a perennial stream to join Karnes Creek. The abandoned brick pump house may still be found on the eastern side of the spring pond.
The Karnes Creek site consists of 4.87 acres and has approximately 556 feet of frontage on the Selma-Low Moor Road (State Route 696) and 339 feet on Karnes Road (State Route 1312). The site is situated at Exit 21 on I-64 in Low Moor VA and is visible from the interstate. This commercial site is zoned B-1.
Karnes Creek Investment Company, LLC
P. O. Box 635, Clifton Forge, VA 24422
Email: karnescreekland4sale@gmail.com
Tel: 540-960-1135
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.
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.
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