For Sale
$1,200,000

1129 Thomas Jefferson RdForest, VA 24551

Two buildings, high income potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This Forest, VA commercial property offers a compelling investment opportunity. The property consists of two buildings situated on a 0.7-acre lot, zoned C-2, allowing for a variety of commercial uses. The main building, a 6,400 square foot, Class A creative office space constructed in 2007, features energy-efficient ICF poured concrete construction. This building boasts a 5,076 square foot main level with an open floor plan, plus an additional 1,600 square feet of adjacent office space. Amenities include five private offices, a conference room, kitchen area, laundry room with washer and dryer, and one full and two half baths. A 1,600 square foot unfinished mezzanine area with a private entrance is also available. The property includes 37 paved parking spaces, county water and sewer, and is currently 90% occupied. The second building is a renovated two-story Victorian cottage totaling 1,830 square feet, featuring five offices and one full bath, with central heat and air. This building offers excellent visibility from Burnbridge Road and easy access to Route 811. The entire property offers ample road frontage on Thomas Jefferson and Burnbridge Roads, providing excellent visibility and accessibility. The asking price is $1,200,000, with a price per square foot of $187.50. This property is being sold fee simple and is currently multi-tenant with a modified lease type.

Highlights

  • Investment opportunity: Two buildings on a 0.7-acre lot in Forest, VA, zoned C-2.
  • Main building: 6,400 SF Class A creative office space (2007 construction), ICF construction, 5,076 SF main level, 1,600 SF adjacent office space, mezzanine, 37 parking spaces.
  • Amenities: Five private offices, conference room, kitchen, laundry, 3.5 baths.
  • Second building: 1,830 SF renovated Victorian cottage, five offices, one bath, central HVAC.
  • Location: Excellent visibility from Burnbridge Road, easy Route 811 access, ample road frontage.
  • Financial details: $1,200,000 asking price ($187.50/SF), fee simple sale, 90% occupied, multi-tenant with modified leases.

Property Details for 1129 Thomas Jefferson Rd

Property type
Office properties, Office space
Square Feet
6,400 SF
Class
A
Year Built
2007
Buildings
2
Stories
2
Lot Size (sq. ft)
30,492 SF

Location Insight

City
Forest
County
Bedford
State
Virginia
Latitude
37.362799613087
Longitude
-79.286568699569
1129 Thomas Jefferson Rd, Forest, Virginia

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1129 Thomas Jefferson Rd
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