π₯ $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.
π 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)
π 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.
π° 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.