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Vinton & Roanoke, Virginia
ABSOLUTE AUCTION
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Multi-Family, Commercial & Single Family
Properties/Vinton
17.9± Acre Undeveloped Tract - Feather Road - Vinton,
2 Unimproved Lots - Syracuse Avenue - Roanoke
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Sold
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PROPERTY 1 - 130 N. POLLARD STREET
This property is a one story masonry building leased to Designing
Women and containing 1,053± square feet. Parking is along the
side and to the rear. Tenant pays all utilities. There is electric
forced air heat and A/C. This property is zoned GB, General Business
and is part of Roanoke County Tax Map Parcel 60.12-2-1, which is assessed
at $178,400.00.
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PROPERTY 2 - 120, 122, 124 N. POLLARD STREET - These three, contiguous buildings are one story and of masonry construction.
120 and 122 are leased to Southern Property Management and each contains
985± square feet. 120 has no heat or A/C. 122 has forced air
gas heat and no A/C. Both share Town water and sewer with 118 N. Pollard
(owned by another party). 124 houses Michelle’s Salon and contains
615± square feet. Tenants pay all utilities. Parking is at
the rear. These properties are being offered jointly and as a group,
not individually. They are zoned GB, General Business and likewise,
are part of Roanoke County Tax Map Parcel 60.12-2-1, which is assessed
at $178,400.00.
Errata: 120
N. Pollard has gas heat but no A/C
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PROPERTY 3 - 120 S. POLLARD STREET AND
100 E. LEE AVENUE - This property is a 2-story masonry building.
The 1st floor is leased to the Vinton Appliance Center and is accessed
from Lee Street. The 2nd floor entrance is at 120 S. Pollard. The
second floor is divided into 7 offices and 2 bathrooms, all leased
to one tenant. Each floor contains 3,168± square feet. Heat
for both floors is gas. Vinton Appliance and Lessor split gas expense
evenly. Second floor gas is paid by owner. Electricity is paid by
each tenant, including window A/C. Town water and sewer is provided
to both by owner. This property is zoned CB, Central Business, and
is part of Roanoke County Tax Map Parcels 60.16-2-1 and 2.
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PROPERTY 4 - 106 E. LEE AVENUE - This property includes two one-story masonry buildings. Buildings
are currently occupied by the Dogwood Restaurant and DeLong’s
Department Store. The restaurant involves 1,427± square feet
and DeLong’s, 1,730± square feet. The Dogwood Restaurant
pays for all utilities, including oil forced air heat, electricity
(including window A/C) and water and sewer. DeLong’s has oil
forced air heat and a wall mounted A/C unit. Tenant pays all utilities,
including electricity, water and sewer. These two buildings are being
combined and sold as one entity. Zoning is CB, Central Business. These
buildings are part of Roanoke County Tax Map Parcel 60.16-2-1, which
is assessed at $187,900.00.
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PROPERTY 5 - 109 E. LEE AVENUE - This property involves a single story masonry brick structure containing
2,400± square feet. It is divided into 14 individual offices
(plus bathrooms) leased to Federated Insurance Companies and other
tenants. Utilities include central A/C and gas forced air heat. Town
water and sewer are provided. All utilities provided by the Lessor.
Zoning is CB, Central Business, and the Roanoke County Tax Map Number
is 60.16-2-18. Assessment is $88,500.00.
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PROPERTY 6 - 103, 107 E. LEE AVENUE - 103 E. Lee is a 2-story building containing 3,024± square
feet. Edward Jones Investments occupies the ground floor. They pay
electric, including forced air heat and A/C. Lessor pays water and
sewer. 103B is a 4 bedroom apartment above Edward Jones. Lessee pays
electric and Lessor pays for forced air gas heat, water and sewer.
107 E. Lee is a 1-story, 1,227± square foot building occupied
by Old Town Jewelers. Tenant pays all utilities, including electric
forced air heat and A/C. Zoning is CB, Central Business. These properties
are part of Roanoke County Tax Map Parcel 60.16-2-17, which is assessed
at $172,900.00.
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PROPERTY 7 - 208 S. POLLARD STREET - This property is a 2-story masonry building containing 6,436±
square feet. The ground floor is leased on one side to Campbell’s
Barber Shop and on the other side to Anita’s Alterations. The
second floor over the barber shop is a 5 room apartment which is vacant.
Over Anita’s Alterations is another 5 room apartment which is
in need of renovation. Tenants pay utilities. The property is zoned
CB, Central Business. It is part of Roanoke County Tax Map Parcel
60.16-2-17, which is assessed at $172,900.00.
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PROPERTY 8 - 215, 217 JEFFERSON AVENUE
This 1,410± square foot duplex includes two two-bedroom units.
The Lessee pays for electricity, including ceiling heat and window
A/C units. Lessor provides Town water and sewer. Zoning is R-2, Residential
District. Assessed value is $84,400.00 and the Roanoke County Tax
Map Number is 60.16-10-8.
Errata: Lessee
pays for town water and sewer
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PROPERTY 9 - 223, 225, 227 and 229
JEFFERSON AVENUE - This 2,352± square foot building
is divided into four one-bedroom apartments, two on the lower level
and two on the upper level. Each tenant pays for their central air
and gas heat as well as for their electricity which includes central
air. The owner pays for Town water and sewer. Zoning is R-2, Residential
District. The property is assessed at $112,000.00 and the Roanoke
County Tax Map Number is 60.16-10-9.
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PROPERTY 10 - 410 JEFFERSON AVENUE
This 1,600± square foot facility is divided into four one-bedroom
apartments. Parking is at the rear of the building. Tenants pay for
electricity, including heat and window A/C units. Windows, window
A/C units and gutters have recently been replaced. Lessor is responsible
for Town water and sewer. Zoning is R-2, Residential District. The
property has an assessed value of $103,600.00 and is Roanoke County
Tax Map Parcel 60.16-9-37.
Errata:
Building contains 2,600 square feet inlieu of 1,600 square feet |
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Property 11 - 220, 222 and 224 Craig Avenue
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This tri-plex contains three, 2-bedroom units and has a total of 2,640±
square feet. The tenants pay for electricity, including heat pump
and air conditioning, and the owner provides Town water and sewer.
Zoning is R-2, Residential District. The property is assessed at $122,000.00
and the Roanoke County Tax Map Number is 60.19-4-20.
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PROPERTY 12 - 123, 125 AUGUSTA AVENUE - This duplex, which boasts 1,764± square feet, has two, 2-bedroom
units. The lessee pays for gas heat and electricity, including window
A/C units. Town water and sewer is provided by Lessor. Zoning is R-B,
Residential Business. The assessed value is $71,200.00 and the Roanoke
County Tax Map Number is 60.19-2-11.
Errata: Tenant
in 123 Augusta Avenue pays town water and sewer. Lessor pays town
water and sewer for 125 Augusta Avenue. |
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PROPERTY 13 DUPLEX AT 323, 325
CEDAR AVENUE AND TRIPLEX AT 508, 510 and 512 4th STREET -
Both buildings are offered as one parcel and have the same tax map
number. The duplex contains 1,572± square feet and is split
into two, two-bedroom units each with an unfinished basement. Tenant
pays
electricity, including baseboard heat and window A/C units. Owner
provides Town water and sewer. The assessed value is $93,300.00
The triplex involves 2,592± square feet and has three, two-bedroom
apartments, two with two level living and one with all living area
on the same floor. Tenants pay electricity, including central air
and heat pump. Lessor pays Town water and sewer. Assessment is $94,400.00
Combined assessment for both properties is $187,700.00 and they
are zoned R-2, Residential District. Both buildings are on Roanoke
County Tax Map Parcel 60.15-4-22.
Errata: 323-325
Cedar Avenue Lessee is responsible for town water and sewer
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PROPERTY 14 - 857 WASHINGTON AVENUE
This 11/2 story single family residence has 2,035± square feet
of living space plus an unfinished basement. Lessee pays for oil radiator
heat and for electricity, including window A/C units. This home has
4 bedrooms, 2 baths, hardwood floors plus a fireplace. Parking for
a single vehicle is at the rear. Zoning is R-B, Residential Business
and the property is assessed at $88,100.00. It is described as Roanoke
County Tax Map Number 60.16-7-6.
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PROPERTY 15 - This property is
a .71± acre lot located in Dillon Woods to the rear of lots
located along Dillon and Mason Roads. It is landlocked, having no
access from either road. It is zoned R-1, Residential District and
assessed for $1,700.00. Roanoke County Tax Map Number is 71.06-1-76.
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PROPERTY 16 - This property consists
of two contiguous, unimproved parcels of land containing combined
acreage of 17.9± acres located in Roanoke County, just north
of Vinton. Combined, the tracts have approximately 900± feet
of frontage on Feather Road (State Route 654) which runs between State
Route 24 (Stewartsville Road) and Hardy Road (State Route 634). Both
tracts are wooded and topography is rolling to steep. Mineral rights
to approximately 13.5± acres in the western portion of the
land have been severed. Zoning is R-1, Residential District. The combined
assessed values for these tracts is $134,200.00. Roanoke County Tax
Map Parcels 61.18-2-26 and 61.19-9-1 are involved. |
PROPERTY 17 - This property is
an unimproved lot on Syracuse Avenue, near its intersection with 10th
Street in Northwest Roanoke City. It is adjacent to Property 18. Zoning
is RM-1 Residential, Multifamily District Low Density. Assessed value
is $2,900.00. City of Roanoke Tax Map Number is 2130611.
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PROPERTY 18 - This property is
an unimproved lot located on Syracuse Avenue, near its intersection
with 10th Street in Northwest Roanoke City. It is adjacent to Property
17. Zoning is RM-1, Residential Multifamily District-Low Density.
It is assessed at $2,900.00. City of Roanoke Tax Map Number is 2130612. |
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5% Buyers Premium
Added to High Bid on Real Estate
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Errata Sheet:
Property 2 – 120 N. Pollard has gas heat but
no A/C
Property 8 – Lessee pays for town water and
sewer
Property 10 – Building contains 2,600 square
feet inlieu of 1,600 square feet
Property 12 – Tenant in 123 Augusta Avenue
pays town water and sewer. Lessor pays town water and sewer for 125
Augusta Avenue.
Property 13 – 323-325 Cedar Avenue Lessee
is responsible for town water and sewer |
Aerial Photos:
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Directions to Auction Site at Vinton
War Memorial:
From I-581 take Elm/Bullitt Avenue East to Vinton (Exit
6). Take left at Pollard Street off Virginia 24 to right on Washington
Avenue. Auction site is .5 miles on left.
From US 460 East take Gus Nicks Blvd./Washington
Avenue 1.3 miles to auction site on left.
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Basic Terms & Conditions:
- Bids accepted only from registered bidders. Come early for registration
at 2:00 PM.
- All information provided by the Auction Company is deemed reliable,
but is not warranted. Bidders should perform such independent investigation
with respect to the property as they deem necessary or appropriate.
- All property is sold “AS IS, WHERE IS.” Please
inspect before bidding. ALL SALES FINAL.
- Announcements day of sale take precedence over all prior releases,
verbal and written, concerning this sale.
- Auction Company and its representatives represent the Sellers,
W. E. Cundiff Co., Inc. and Diversified Interest-L, LLC.
- All properties are being sold at ABSOLUTE AUCTION
to the highest bidder.
- Detailed terms and conditions provided sale day.
- A five percent (5%) buyer’s premium will
be charged on real estate. The buyer’s premium is added to
the high bid on real estate to determine the contract sale price.
- A ten percent (10%) deposit (based upon the
high bid plus the buyer’s premium) shall be due on day of
sale immediately following the sale. The ten percent (10%) deposit
is payable by cashier’s check, cash, or a pre-approved personal
check. In order to have a check pre-approved, the bidder must present
at registration a letter from its bank stating that the bidder has
an account in good standing. The balance of the purchase price of
the real estate is due at settlement on or before December 12, 2004,
payable by cashier’s check.
- Real estate to be conveyed by general warranty deed free and clear
of liens, subject however, to any rights of way, easements and restrictions
of record.
- Lead-Based Paint: Any structures used for residential
purposes which were built prior to 1978 may contain lead-based paint.
Inspection may be performed by
bidders prior to sale date. Applicable lead paint
documents are available from the Auction Company. Bidders will be
provided with a lead-based paint disclosure in the Bidders Packet
and agree to waive the ten (10) day right to inspection after the
sale. Property is being sold “as is, where is.”
- All properties will be offered separately and then may be combined
in any combination, including all as a whole.
- Properties are sold subject to existing leases.
- Property Numbers 1, 2, 3, 4, 6, 7 Sold Subject to final subdivision
approval by the Town of Vinton.
- None of the businesses in the Real Estate being offered are for
sale.
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Contact:
Quinn Thomas (VA# 1815) 540-342-3560 or 800-551-3588. |
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