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    Property profile

    1001 E Lynchburg Salem Tpke Bedford, VA 24523

    FOR SALE
    Commercial real estate
    Property ID
    US87-1583768
    1,500 SF 1.63 ac lot Built 1963
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    1001 E Lynchburg Salem Tpke, Bedford, VA 24523 For Sale 1 / 87
    $399,900 1,500 SF
    1001 E Lynchburg Salem Tpke, Bedford, VA 24523
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    Property summary

    AI-generated overview

    Investors, take note! This exceptional 1.500 square foot property, situated on a 1.63-acre lot at 1001 E Lynchburg Salem Turnpike in Bedford, VA, presents a remarkable commercial opportunity. Its strategic location directly on Route 460, opposite a Walmart, ensures unparalleled visibility and accessibility for a diverse range of businesses. The property's commercial zoning allows for a multitude of uses, making it ideal for entrepreneurs seeking a high-traffic location. The existing structure offers potential for conversion into office space, while the ample land provides flexibility for new construction, such as a restaurant. The dual road frontage on Route 460 and a secondary road offers convenient access for customers and employees. This property's prime location and versatile zoning make it a truly exceptional investment opportunity in a thriving area. Don't miss the chance to secure this highly visible and strategically positioned commercial property. The asking price is $795,000. Serious inquiries only.

    Property profile

    Verified
    Property type Commercial real estate
    Year built 1963
    Total area 1,500 SF
    Lot 1.63 ac (71,003 SF)
    UPID US87-1583768

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Location

    1001 E Lynchburg Salem Tpke Bedford, VA 24523
    Bedford metro
    Google Maps

    Value estimations

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    Owner & transaction history

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • $329,900
      4.54 Acres
      Commercial Land Development Site
      A 4.54-acre commercial land parcel with public water and public sewer near US Route 460.
      0 C E Lynchburg Salem, Bedford, VA 24523
      View Details
    • $179,000
      16.11 Acres
      Secluded Land Near Peaks of Otter
      Private 16.11-acre lot near Peaks of Otter.
      Tract 1 Foxfire Ln, Bedford, VA 24523
      View Details
    • $159,000
      11.74 Acres
      Secluded Land Near Peaks of Otter
      Private 11.74-acre lot near Peaks of Otter.
      Tract 3 Foxfire Ln, Bedford, VA 24523
      View Details
    • $279,900
      22.01 Acres
      Recreational Hunting Land with Mountain Views
      22.01 acres of mostly rolling hillside land offering recreational potential and mountain views.
      Meadors Mill Rd lot: 3, Bedford, VA 24523
      View Details
    • New
      $975,000
      2,600 SF
      Office Building With Additional Structures
      Three-building commercial property with on-site parking and a layout suited to professional office use.
      706 Burks Hill Road, Bedford, VA 24523
      View Details
    • New
      $1,500,000
      2.00 Acres
      Commercial Land at Signalized Intersection
      Two-acre commercial site with Route 460 frontage across from Lowe’s.
      1683 E Lynchburg Salem Turnpike, Bedford, VA 24523
      View Details

    Similar Nearby for Sale

    • $329,900
      4.54 Acres
      Commercial Land Development Site
      A 4.54-acre commercial land parcel with public water and public sewer near US Route 460.
      0 C E Lynchburg Salem, Bedford, VA 24523
      View Details
    • $179,000
      16.11 Acres
      Secluded Land Near Peaks of Otter
      Private 16.11-acre lot near Peaks of Otter.
      Tract 1 Foxfire Ln, Bedford, VA 24523
      View Details
    • $159,000
      11.74 Acres
      Secluded Land Near Peaks of Otter
      Private 11.74-acre lot near Peaks of Otter.
      Tract 3 Foxfire Ln, Bedford, VA 24523
      View Details
    • $279,900
      22.01 Acres
      Recreational Hunting Land with Mountain Views
      22.01 acres of mostly rolling hillside land offering recreational potential and mountain views.
      Meadors Mill Rd lot: 3, Bedford, VA 24523
      View Details
    • New
      $975,000
      2,600 SF
      Office Building With Additional Structures
      Three-building commercial property with on-site parking and a layout suited to professional office use.
      706 Burks Hill Road, Bedford, VA 24523
      View Details
    • New
      $1,500,000
      2.00 Acres
      Commercial Land at Signalized Intersection
      Two-acre commercial site with Route 460 frontage across from Lowe’s.
      1683 E Lynchburg Salem Turnpike, Bedford, VA 24523
      View Details

    Similar Nearby for Lease

    • New
      Contact for pricing
      10,986 sqft
      Multi-Suite Office Building
      Multiple office suites are available for rent at 212 E Washington St in Bedford, offering flexible space sizes.
      212 E Washington St, Bedford, VA 24523
      View Details
    • Contact for pricing
      1,400 sqft
      Retail Space in Peaksview Center
      Retail suite available in a highly trafficked shopping center.
      1525 Longwood Avenue, Bedford, VA 24523
      View Details
    Recent comparable sales
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