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    800 Blue Ridge Ave Bedford, VA 24523

    For Sale
    $799,500

    7,516 SF, 8-unit shopping center, VA

    Property size:
    7,516 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This Bedford, VA shopping center presents a compelling investment opportunity. Two buildings totaling 7,516 square feet, situated on a 5.96-acre lot, house eight tenant spaces. Currently at 75% occupancy, the property boasts 562 feet of road frontage, paved parking, and public water and sewer. Built in 2007 and 1988, the single-story buildings are zoned B-2 commercial and benefit from a location within a State and Town Enterprise Zone, offering potential incentives. A rear pad lot allows for future expansion. Conveniently located less than a tenth of a mile from Route 460 (Lynchburg-Salem Turnpike), this net-lease property offers strong potential for income and growth. The property includes two buildings, and the address is 800 & 810 Blue Ridge Ave, Bedford, VA 24523. The asking price is $799,500. APN: 80500471.

    Property Features for 800 Blue Ridge Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    7,516 SF
    Lot Size
    259,618 SF

    Building Details

    Year Built
    2007
    Buildings
    2
    Stories
    1
    Units
    8

    HighLights

    • $799,500 asking price for this mixed‑use, net‑lease shopping center.
    • 7,516 square feet across two buildings on a 5.96‑acre lot in Bedford, VA.
    • Eight tenant spaces with 75% occupancy.
    • Located in a State & Town Enterprise Zone, offering potential tax incentives.
    • Features 562 feet of road frontage and paved parking; public water and sewer available.
    • Conveniently located near Route 460.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lincare Oxygen Equipment Supplier Tobacco & Vape World Tobacco Shop Hart Mary Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Bedford
    State
    Virginia
    Longitude
    -79.541098543571
    Latitude
    37.335952607328

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    FAQs

    What type of property is this?
    Lifestyle center - 7,516 SF, 8-unit shopping center, VA
    Where is this lifestyle center located?
    The property is located at 800 Blue Ridge Ave Bedford, VA.
    What is the asking price?
    The asking price for this property is $799,500.
    What are key features of this property?
    This property features: $799,500 asking price for this mixed-use, net-lease shopping center.; 7,516 square feet across two buildings on a 5.96-acre lot in Bedford, VA.; Eight tenant spaces with 75% occupancy.
    Request Owner's contact information
    800 Blue Ridge Ave 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
    800 Blue Ridge Ave Bedford, VA 24523
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