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    1334 Lynchburg Salem Tpke Bedford, VA 24523

    For Sale
    $1,350,765

    Prime 46.89-acre commercial lot in Bedford, VA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 46.89-acre commercial land parcel presents a unique development opportunity in Bedford, Virginia. Strategically located along Highway 460, the property boasts approximately 1,278 feet of road frontage, situated between two traffic signals for optimal visibility and accessibility. Its prime location neighbors established national retailers including Walmart, Tractor Supply Company, and Lowe's, ensuring high traffic volume and strong consumer presence. Public water and sewer services are readily available, simplifying infrastructure development. The property is zoned B-2 General Business, allowing for a wide array of commercial uses as defined by the Town of Bedford Zoning Code. For enhanced flexibility, the land is subdivided into three parcels: Parcel A encompasses approximately 36.11 acres, featuring a signal light and an ingress/egress easement between Walmart and Tractor Supply Company, priced at $541,665

    Property Features for 1334 Lynchburg Salem Tpke

    General Information

    Property type
    Land
    Lot Size
    2,042,528 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Bedford
    State
    Virginia
    Longitude
    -79.4935303
    Latitude
    37.3226142

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    FAQs

    What type of property is this?
    Land - Prime 46.89-acre commercial lot in Bedford, VA
    Where is this land located?
    The property is located at 1334 Lynchburg Salem Tpke Bedford, VA.
    What is the asking price?
    The asking price for this property is $1,350,765.
    (540) 982-0011
    Request Owner's contact information
    1334 Lynchburg Salem Tpke Bedford, VA 24523
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    Bedford, VA 24523
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1334 Lynchburg Salem Tpke Bedford, VA 24523
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