City of Roanoke, Virginia

Foreclosure Auction
Former Auto Repair Shop
4,235± SF Building on 0.3667± Acre

Sold

211 24th Street, NW, Roanoke, VA 24017

This auction features a 4,235± sq. ft. building on 0.3667± acres. The pre-fabricated metal building, constructed in 2003, has been utilized as an auto repair shop. It is divided into 360± sq. ft. of office space and a 3,875± shop area. The office portion of the building includes a reception area, open office space and restrooms. It has electric baseboard heat and wall unit air conditioning. The shop area is heated by gas-fired space heaters. The building has a concrete slab foundation and three overhead doors. The parking lot is paved and there is a chain link security fence along the rear of the building. The building is served by public water and sewer.

The property is identified as Roanoke City Tax Map Parcels 2310602 and 2310603. It has a current tax assessed value of $198,800, $57,400 attributed to the land and $141,400 to improvements. Zoning is CG, Commercial-General District, which permits a wide variety of commercial uses including general retail, offices, service establishments, motor vehicle related sales and service, eating establishments and entertainment uses.

211 24th Street, NW, Roanoke, VA 24017 Aerial Photo

Aerial Photography

Boundaries shown on aerial photographs and topographical maps, which are provided by Auction Company as a courtesy to bidders, are approximate. Bidders should refer to the surveys provided in the Bidder Packet for boundary locations.

Directions to Property & Sale Site

From I-581 South: Take Exit 5, Downtown exit (South Rt. 11/South Business Rt. 220), stay in left lane and merge onto Williamson Road. Go 0.2 mi. and turn right onto Salem Ave. at the Taubman Museum. Follow Salem Ave. for 0.6 mi. and turn right onto 5th Street. Go 0.1 mi. and turn left onto Shenandoah Avenue. Follow Shenandoan Ave. for 1.6 mi. and turn right onto 24th Street. Property is on the right at 201 and 211 24th Street, NW, Roanoke, VA 24017.

From I-581 North: Take Exit 6 (Elm Ave./Rt. 24 Vinton). At end of ramp, turn left on Elm Avenue toward Downtown. Go 0.2 mi. and turn right on Jefferson Street. Go 0.3 mi. and turn left on Salem Avenue. Follow Salem Ave. for 0.4 mi. and turn right onto 5th Street. Go 0.1 mi. and turn left onto Shenandoah Avenue. Follow Shenandoan Ave. for 1.6 mi. and turn right onto 24th Street. Property is on the right at 201 and 211 24th Street, NW, Roanoke, VA 24017.

Documents

Tax Map Parcel 2310602
Tax Map Parcel 2310603
Memorandum of Sale
Notice of Substitue Trustee's Sale
Zoning Information

Terms & Conditions

AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER, RICHARD E. BIEMILLER, SUBSTITUTE TRUSTEE. A copy of the Notice of Substitute Trustee’s Sale is available for review at www.woltz.com and states the terms of the sale which are controlling if there is any conflict with this summary of basic terms.
REGISTRATION: Bids will be accepted only from registered bidders. Registration begins on site at 1:00 PM. Please bring a driver’s license for identification.
TERMS OF SALE: The real estate is being offered for sale, transfer and conveyance “AS IS, WHERE IS.” All information provided by the Auction Company is obtained from sources it believes are reliable; however, it is not warranted. Potential bidders are responsible for conducting their own independent inspections, investigations, inquires and due diligence regarding the property. Inspection of the property is at the potential bidder’s risk. ALL SALES ARE FINAL.
ANNOUNCEMENTS: Announcements day of sale take precedence over all prior communications, verbal and written, concerning this sale. The Trustee may amend or supplement the terms of sale by verbal or written announcements before bidding commences.
BIDDING: The auctioneer will determine bid increments. The secured creditor may bid to protect its interest.
BUYER’S PREMIUM: A Buyer’s Premium will be charged. The Buyer’s Premium on real estate is five percent (5%) of the high bid amount. The Buyer’s Premium is added to the high bid amount to determine the sale price.
DEPOSIT: A deposit in the amount of ten percent (10%) of the sale price (high bid plus Buyer’s Premium) will be required on day sale. The deposit is payable by cash, certified check or cashier’s check. The certified check or cashier’s check should be made payable to the bidder who will endorse it over to Richard E. Biemiller, Substitute Trustee.
CLOSING DATE FOR REAL ESTATE: The balance of the purchase price is due at settlement on or before April 15, 2010.
TRANSFER OF TITLE TO REAL ESTATE: The real estate will be conveyed by special warranty deed subject to all prior liens and to any covenants, conditions, restrictions, easements, defects, encumbrances, adverse claims, matters of survey and leases, if any.
FINANCING: The sale of the real estate is a cash transaction and is not conditioned upon the bidder obtaining financing. Bidders should arrange any necessary financing prior to registering to bid.
BIDDER PACKET: A Bidder Packet with information regarding the real estate will be available from the Auction Company and posted at www.woltz.com.
BROCHURE: This brochure is for information purposes and is not a legal ad or notice. The information contained herein is subject to independent verification by prospective bidders. Neither the Auction Company nor the Seller assumes any liability for its accuracy or any errors or omissions. Boundaries shown on aerial photographs are approximate.

Contact

For more information, please contact Jonna McGraw (VA# 2434).
Phone Number: (540) 342-3560 or 800-551-3588
Email: Jonna