Multi-Family Development Opportunity
Possible Historic Tax Credits
Marketing description
Opportunity to rehabilitate a historic building in a walkable downtown district with the ability to take advantage of tax credits, enterprise zone credits and a property tax abatement.
Bedford has the distinct charm of small-town America. An elegant place full of cultural and historic landmarks, Bedford boasts many classical buildings in its historical district. Centertown of Bedford is in the National Register of Historic Places in the United States, and rightfully so. Check out the local city museum, antique shops, the unique farmers market, or Centerfest, a popular festival in the historic district each September.
Natural beauty abounds; there are two peaks rising from the Blue Ridge Mountains, giving Bedford a fantastic backdrop. The Flat Top and Sharp Top, along with Harkening Hill, shouldn’t be missed. Peaks of Otter offers dozens of wildflower walks, hiking trails, picnic areas, campgrounds and lodges. The National D-Day Memorial, The Avenel Plantation, and Thomas Jefferson`s Poplar Forest are among other popular attractions.
Investment highlights
Strategically located between Lynchburg and Roanoke via Routs 221 & 360
Walkable to restaurants and businesses
Potential future enterprise zone
Excellent opportunity to blend historic and affordable housing tax credits
Rare opportunity for a large-scale multi-family redevelopment project
Seven (7) parcels total included in the sale
550 Grove Street + 6 lots
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