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Office Property With Additional Structures
For Sale
$975,000

706 Burks Hill Rd, Bedford, VA 24523

Commercial Sale, Bedford, VA

Property SizeContact for details
Lot Size4.79 Acres
Days on Market48

Property Features for 706 Burks Hill Rd

General Information

Property type Commercial Sale
Property subtype Other
Directions From Bedford 122: S Crenshaw St, Burks Hill Rd on R.
Subdivision 0600 - Bedford County
Standard status Active
APN 233-A-1-T
Lot size 4.79 Acres

Taxes and HOA fees

Tax Description BURKS HILL RD
Tax Annual Amount 3150
Legal Description BURKS HILL RD

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Heat Pump
Water source Public

Building Details

Year built 1901
Flooring type Wood
Building materials Vinyl Siding
Roof type Shingle, Metal
Listing Agency: LYONS TEAM, REALTORS(R)
Listed By: RONALD LEE GROSS · License #0225180171
Added: Aug 3 Changed: Sep 5 Last Checked: Sep 19 at 5:06PM
MLS# 930048

Copyright © 2026 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This office property includes a primary building and two additional structures on a 4.79-acre parcel. The main building was previously used as an insurance office and offers a professional-services layout, while the secondary buildings provide flexible space for storage, workspace, or other supported uses. Construction features vinyl siding, wood flooring, heat-pump heating and cooling, and a combination metal and shingle roof. The property was built in 1901 and is served by public water and public sewer.

Located at 706 Burks Hill Rd in Bedford, the property is two minutes from the Bedford welcome center and offers access to nearby shops, restaurants, and community amenities. On-site parking is available for visitors and staff.

Key Highlights

  • 4.79‑acre office property with three total structures
  • Main building previously operated as an insurance office
  • Two additional structures provide separate space for storage or workspace

Property Analytics

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Current Use

Croft Insurance Services: ... Insurance Agency Amanda Kidd, Licensed ... Insurance Agency Croft Insurance Marketing Insurance Agency

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Pharmacy Kitchen & Bath Showroom Real Estate Agency HVAC Service

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

533
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
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Frequently Asked Questions

What type of property is this?
Office building - Main office building is accompanied by two separate structures and on-site parking.
Where is this office building located?
The property is located at 706 Burks Hill Rd Bedford, VA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 4.79‑acre office property with three total structures; Main building previously operated as an insurance office; Two additional structures provide separate space for storage or workspace
More about this property
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