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    Little Otter Dr Bedford, VA 24523

    For Sale
    $1,120,000

    50 Acres, $1.12M, Rail Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 50-acre industrial land parcel is situated in Bedford, Virginia's Little Otter Business Park, offering unparalleled access to Route 221 (Forest Road) and Little Otter Drive. The property boasts excellent topography and is ready for development, featuring existing infrastructure including a 10-inch water line along Little Otter Drive and readily available power from the Town of Bedford. Septic systems are in place. The potential for a Norfolk Southern Railroad rail siding adds significant logistical advantages. This prime location presents a unique opportunity for industrial development, with the asking price of $1,120,000 reflecting the significant value and potential of this substantial land holding. Please note that any rollback taxes are the responsibility of the buyer. The property's strategic location and existing infrastructure make it an ideal site for a variety of industrial uses. The acreage offers ample space for large-scale projects, while the proximity to major roadways ensures convenient transportation and accessibility. This is a rare opportunity to acquire a significant industrial land parcel in a thriving location.

    Property Features for 0 Little Otter Dr

    General Information

    Property type
    Land
    Lot Size
    2,178,000 SF

    HighLights

    • $1,120,000 asking price.
    • 50‑acre industrial land parcel.
    • Located in Bedford, VA, at the intersection of Route 221 and Little Otter Drive in Little Otter Business Park.
    • Potential rail siding access via Norfolk Southern Railroad.
    • Utilities include Town of Bedford power, 10‑inch water line, and septic; buyer responsible for rollback taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bedford
    County
    Bedford
    State
    Virginia
    Longitude
    -79.75454
    Latitude
    37.35501

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    FAQs

    What type of property is this?
    Land - 50 Acres, $1.12M, Rail Access
    Where is this land located?
    The property is located at Little Otter Dr Bedford, VA.
    What is the asking price?
    The asking price for this property is $1,120,000.
    What are key features of this property?
    This property features: $1,120,000 asking price.; 50-acre industrial land parcel.; Located in Bedford, VA, at the intersection of Route 221 and Little Otter Drive in Little Otter Business Park.
    Request Owner's contact information
    Little Otter Dr 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
    Little Otter Dr Bedford, VA 24523
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