114-122 Bridge St Bedford, VA 24523
- Commercial real estate
- 18,588 SF
- 0.30 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 114-122 Bridge St
- Year built
- 1900
- Lot size
- 0.30 lot acres
- Property size
- 18,588 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located in the heart of Downtown Bedford, VA, presents a rare investment opportunity. Encompassing a half-block of prime real estate at 114-122 N Bridge Street and 208-210 East Depot Street, this portfolio consists of five separate tax parcels totaling 18,588 square feet on a 0.3-acre lot. Previously occupied by Peoples Furniture, the property boasts significant potential for diverse uses, including retail storefronts, office spaces, apartments, warehousing, and restaurant establishments. Its highly visible location on the town's standard parade route ensures excellent exposure. The property features a convenient loading zone for the warehouse component. While all buildings are currently connected, they can be easily separated to suit individual needs. Multiple points of ingress and egress serve both upper and lower levels, enhancing accessibility and functionality. Off-street parking is available in the rear of the property. The property is zoned B1 and benefits from updated breaker boxes and some newer HVAC systems. Original hardwood floors and recently installed windows on the building's front add character and appeal. The combination of commercial and residential potential offers significant rental income prospects. This is a truly unique opportunity to acquire a substantial and historically significant commercial property in a thriving downtown area. The asking price is $875,000.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bedford
- County
- Bedford
- State
- Virginia
- Longitude
- -79.5231
- Latitude
- 37.3349
