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Commercial Land Near Walmart
For Sale
$399,900

1001 E Lynchburg Salem Tpke, Bedford, VA 24523

Commercially zoned land suitable for office or restaurant development.

Property SizeContact for details
Lot Size1.00 Acre
Days on Market191

Property Features for 1001 E Lynchburg Salem Tpke

General Information

Standard status Active
Lot size 1.00 Acre
Listing Agency: Watts Auction Realty Appraisals Inc
Listed By: Charlie Watts · License #0225086405
Source: Exprealty
Added: Jan 26 Changed: Jul 6 Last Checked: Jul 31 at 3:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Watts Auction Realty Appraisals Inc

Investment Insights

Based on property information with market context.

This commercially zoned property is situated in a favorable location along 460, directly across from Walmart. The site offers frontage on both 460 and the road behind it, providing convenient access. The property is suitable for a variety of businesses. Potential uses include converting the existing house into an office space or developing a restaurant.

Key Highlights

  • Zoned commercial, offering diverse business opportunities.
  • Prime location on 460, across from Walmart.
  • Frontage on two roads (460 and road behind) for easy access.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Electrical Service Building Supply Kitchen & Bath Showroom Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

174
Businesses Nearby

Demographics for 24523, VA

18,992
Population
9,729
Households
2
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
229.9 sq mi
ZIP Area
83
Density / Sq Mi
$70,074
Median Household Income
$42,500
Median Earnings
$839
Median Rent
$227,600
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Commercially zoned land suitable for office or restaurant development.
Where is this commercial land located?
The property is located at 1001 E Lynchburg Salem Tpke Bedford, VA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Zoned commercial, offering diverse business opportunities.; Prime location on 460, across from Walmart.; Frontage on two roads (460 and road behind) for easy access.
More about this property
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