Off-Market Property Archive

This property is no longer actively listed. Off market since March 5, 2026. Interior photos, property details, and location data are preserved for neighborhood research and comparable analysis.

Last listed at 655,000.00

123 S Bridge St, Bedford, VA 24523, USA

$655,000

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Photos of the property

🔥 $545K+ Equity | 15K SF Downtown Bedford Commercial Corner-Zoned PC-4 Unlock a rare commercial value-add opportunity in the heart of historic downtown Bedford, VA. This 15,430 SF, 3-story brick building (plus 1,000 SF mezzanine) sits on a high-visibility corner lot with dual paved frontage on Bridge & Washington Streets. Zoned PC-4, it's ideal for retail, office, Church, event venue, or mixed-use redevelopment. 📍 PROPERTY HIGHLIGHTS: -- 15,430 SF + 1,000 SF mezzanine -- Corner lot with dual frontage -- Zoned PC-4 (Commercial/Industrial) -- Structurally sound with fire-resistant frame -- Duro-Last roof, central HVAC, and windows installed new in 2004 -- 2 bathrooms + kitchenette (cosmetic refresh only) -- Vacant and ready for repositioning -- Minimal rehab (~$5k-$7K) 📊 COMPS (within 3 miles, sold in last 12 months): 1) 124 W. Main St --> 13,800 SF --> $1.15M ($83/SF) 2) 112 N. Bridge St --> 9,500 SF --> $750K ($79/SF) 3) 400 E. Main St --> 12,200 SF --> $915K ($75/SF) 4) 302 E. Main St --> 14,100 SF --> $1.025M ($73/SF) 5) 215 Depot St --> 16,000 SF --> $1.2M ($75/SF) *Average: $77/SF | Estimated ARV: ~$1.1M+ **Comps were pulled using Mr. Jamil Damji's comping rules - tight radius, similar square footage, recent sales, and matching use types. 💰 DEAL TERMS: -- Purchase Price: $655,000 (~$42.45/SF) -- ARV: ~$1.1M -- Built-In Equity: ~$545K -- EMD: $6,550 (refundable at closing) -- Close on or before December 1, 2025 INVESTOR NOTES: Perfect for commercial flippers, buy-and-hold investors, or developers seeking a high-visibility, low-barrier entry into a growing downtown corridor.