For Sale
$545,000

501 Jeter StBedford, VA 24523

15-Acre Tract, 1,531 sq ft Home

Overview

Added:
Feb 3
Days on market:
62
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.

Property Details for 501 Jeter St

Property type
Square Feet
1,531 SF
Year Built
1930
Lot Size (sq. ft)
690,862 SF

Location Insight

City
Bedford
County
Bedford
State
Virginia
Latitude
37.33294
Longitude
-79.52918
501 Jeter St, Bedford, Virginia

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501 Jeter St
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