Summit View Area

  1. Character: Along US 220 a major north-south four-lane divided highway between Roanoke, Virginia, and Greensboro, North Carolina. Part of a commercial corridor of retail and service businesses.  Includes Summit View Business Park a 550-acre business park and recreational area.  Part of the Tobacco Region of Virginia and eligible for related incentives. 
  2. Key Assets: High-traffic frontage property for commercial and retail as well as large, prepared sites for office and industrial development.
  3. Opportunity Zone Census Tract #: 51067020500
  4. 30-Minute Drive Quick Facts (2019):
    • Total Population: 150,269
    • Population Growth 2010-2019: 3.53%
  5. Population Per Square Mile: 315.5
  6. Median Age: 42.7
  7. Median Household Income: $51,035
  8. Average Household Income: $72,282
  9. HS Diploma or Higher: 88.6%
  10. Bachelor’s or Higher: 29.7%
  11. Total (NAICS11-19) Businesses: 6,724
  12. Total Housing Units: 71,284
  13. Owner Occupied Housing Units: 39,042
  14. Median Home Value: $191,138
  15. Average Home Value: $257,026
  16. Infrastructure:
    • Water and wastewater: Western Virginia Water Authority
    • Natural gas: Roanoke Gas Co.
    • Electricity: Appalachian Power
    • Fiber: MBC/CenturyLink/Shentel
    • Transportation: US 220, commercial airport, Amtrak
  17. Master Plan: Find it here
  18. Federal, State, Local Incentives Available: Tobacco Region Opportunity Fund, Franklin County Business Grant
  19. Nearby businesses: ValleyStar Credit Union HQ, Stik-Pak Solutions, Virginia Furniture Market, Dollar General, Tractor Supply, Sheetz, Connor-Bowman Funeral Home, Windy Gap Power Equipment, Dairy Queen
  20. Recent investments: Franklin County has invested $36,000,000 in roads, utilities, graded pads, and amenities in Summit View Business Park. New facilities by Sheetz, Dollar General, Stik-Pak Solutions, and ValleyStar Credit Union headquarters.


Franklin County Economic Development