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Office Property With Additional Structures
For Sale
$975,000

706 Burks Hill Road, Bedford, VA 24523

Commercial/Indust, Bedford, VA

Property Size2,600 SF
Lot Size4.79 Acres
Price / SF$375
Days on Market48

Property Features for 706 Burks Hill Road

General Information

Property type Commercial Sale
Property subtype Other
Directions From Bedford 122: S Crenshaw St, Burks Hill Rd on R.
Subdivision Bedford
Standard status Active
Size 2,600 SF
Lot size 4.79 Acres

Taxes and HOA fees

Tax Description BURKS HILL RD
Legal Description BURKS HILL RD

Building Details

Year built 1901
Listing Agency: Lyons Team Realtors
Listed By: Laila Odat · License #0225275697
Added: Aug 3 Changed: Sep 5 Last Checked: Sep 19 at 5:06PM
MLS# 368405

Copyright © 2026 Lynchburg Virginia MLS. 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 2,600-square-foot main building along with two additional structures on 4.79 acres. The principal building was previously used as an insurance office and provides an established professional-services layout. The separate structures add functional space for storage, workspace, or other business-related needs, subject to applicable requirements.

Located at 706 Burks Hill Road in Bedford, Virginia, the property is approximately two minutes from the Bedford welcome center. The site offers on-site parking and access to nearby shops, restaurants, and community amenities. Built in 1901, the property combines an existing office building with multiple supporting structures and a substantial land component.

Key Highlights

  • 2,600‑square‑foot main office building
  • Two additional structures included with the property
  • 4.79‑acre site at 706 Burks Hill Road

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
View Realmo Analytics

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 - The main building is complemented by two ancillary structures and on-site parking.
Where is this office building located?
The property is located at 706 Burks Hill Road 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: 2,600‑square‑foot main office building; Two additional structures included with the property; 4.79‑acre site at 706 Burks Hill Road
More about this property
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