501 Jeter St Bedford, VA 24523

Property Details for 501 Jeter St

Year built

1930

Lot size

15.86 lot acres

Property size

1,531 SF

Property type

Commercial real estate

Description

This unique 15.86-acre property in Bedford, VA, presents a compelling investment opportunity for developers, builders, and investors. The existing one-story home features 1,531 square feet of living space, including two bedrooms, two bathrooms, and a bonus room in the attic currently used as a third bedroom. The property is zoned PRD, offering significant flexibility for redevelopment. A key advantage is that the property is already subdivided into ten lots according to tax records, streamlining the approval process for various projects. The Town of Bedford Planning Committee is open to proposals for diverse developments, including mini-subdivisions, assisted living facilities, and townhomes. This presents a rare chance to capitalize on the growing demand for housing and specialized facilities in the Bedford area. The existing home provides immediate income potential or serves as temporary office space during the development phase. The substantial acreage allows for a variety of development scenarios, catering to a wide range of project scales and scopes. This property offers a blend of immediate usability and long-term development potential, making it an exceptional investment prospect. Serious inquiries are encouraged to explore the possibilities this unique Bedford property offers.