SOLD – Thistle Foundry Bankruptcy Auction

 

Real Estate Offered in 3 Tracts

Tract Property Address Tax Map Number Acreage (±) Building SF (±) Assessed Value
1 101 Thistle Street 024A2A 0057   7,399 $143,900
2 108 Thistle Street 024A2A 0059 0.80 17,404 $293,400
3 124 Mill Street 024A2A 0060 1.128 6,760 $156,000
Information taken from Virginia Mass Appraisal Network

Thistle Foundry & Machine Company, founded in 1898 and located in Bluefield, Virginia was one of the ten oldest steel companies in the U.S. This Foundry has supplied steel and metal castings to customers all across the country. The time has come for this longtime business to seek new ownership. Real Estate, foundry equipment, casting patterns, and tools all offered for sale. Take this fully functioning Foundry and make it your own.

 

Additional features in full screen mode

Equipment Sale

• 1988 International S1700 Dump Truck, 142,288 Miles on Odometer
• 1999 GMC Flatbed Truck, Gas, 162,005 Miles on Odometer (Has Not Been Started)
• Daewoo G30S Forklift
• Daewoo G25S Forklift
• Bobcat Skid Steer Model 751
• Carry Safe Company Metal Safe
• Craftsman Bandsaw
• Brickford Drill Press
• Magnaflux Testing Machine Model H-600
• Summit Bandsaw 250M
• Heavy Duty Metal Storage Racks
• Summit Lathe
• Metal Filing Cabinets (Multiple)
• Baird Spectrometer
• Jet JRD 700 Drill Press
• Oster Pipe Threader Model 792A
• 5 Foot Bucket Attachment for Bobcat
• Hammer Attachment for Bobcat
• Kloster Sand Machine
• Misc Hand Tools and Drill Bits
• And much more

Directions

From I-77 Exit 1: Take US-52 N toward Bluefield and go 2.0 miles, using right lane to merge onto US-460 E (Ramp to Princeton) Turn left onto US-19 S. Travel 6 miles and turn right onto Graham Avenue for 0.1 mile. Continue onto Trial of Lonesome Pine/Virginia Avenue for 1.1 miles and turn left onto Thistle Street. Turn right to stay on Thistle Street and property is on right.

Distance

Princeton, WV – 15 miles
Blacksburg, VA – 40 miles
Christiansburg, VA – 40 miles
Wytheville, VA – 40 miles
Beckley, WV – 55 miles
Bristol, VA – 88 miles
Charleston, WV – 111 miles
Roanoke, VA – 113 miles

5% Buyer’s Premium on Real Estate • 10% Buyer’s Premium on Personal Property

Personal Property Pickup Following Sale and February 28 from 8 AM to 4 PM

REAL ESTATE TERMS AND CONDITIONS OF AUCTION

  1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 8:30 AM EST.  Please bring a driver’s license for identification. The personal property auction will immediately follow the real estate auction.
  2. AUCTION SALE: This is a Trustee’s Bankruptcy Auction and the property is being sold ABSOLUTE, subject only to final approval of the U.S. Bankruptcy Court, which we will obtain promptly after the sale. ALL SALES ARE FINAL.  All Property is auctioned “AS IS, WHERE IS” with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise.  Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate.
  3. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER, ANDREW S. GOLDSTEIN, CHAPTER 7 TRUSTEE, FOR THISTLE FOUNDRY & MACHINE COMPANY, INC.
  4. FINANCING: Your bidding and purchase of the property is NOT CONDITIONAL UPON FINANCING. Be sure you have arranged financing, if needed, and are capable of paying cash at closing.
  5. LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
  6. BIDDING: Qualified bidders may bid on the property. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
  7. ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  8. BUYER’S PREMIUM: The Buyer’s Premium on the real estate is five percent (5%) of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sales price.
  9. REAL ESTATE DEPOSIT: A Deposit in the amount of ten percent (10%) of the contract sales price will be required on day of sale. The Deposit is payable by cash, cashier’s check, or certified funds payable to the Trustee, Andrew S. Goldstein.
  10. REAL ESTATE DEED:  The real estate will be conveyed by special warranty deed free and clear of liens, subject, however, to any rights of way, easements and restrictions of record.  The balance of the purchase price is due at settlement which shall be within fifteen (15) days of U. S. Bankruptcy Court approval.  Tracts will be deeded in the manner purchased at the auction.
  11. BOUNDARY LINES:  Boundaries on aerial photos are approximate. Refer to the Title Commitment, Schedule A, Legal Description for each tract’s description.
  12. ELECTRICITY: The properties are served by one meter box located on 101 Thistle Street.  If the properties are sold individually, it is the buyer’s responsibility to install a new meter box within thirty (30) days of settlement.
  13. GENERAL: The information contained in this brochure is subject to verification by all parties relying on it.  No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.
  14. TRUSTEE DOCUMENTS:  Copies of the memorandum of sale and other trustee documents will be available online at woltz.com.

PERSONAL PROPERTY TERMS AND CONDITIONS OF AUCTION

    1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins on site at 8:30 AM EST. Please bring your driver’s license for identification.  This auction will immediately follow the real estate auction.
    2. TERMS OF SALE: This is a Trustee’s Bankruptcy Auction and the personal property will be sold ABSOLUTE to the highest bidder. All property is sold “AS IS, WHERE IS” on the date of sale without any warranty of merchantability or fitness for a particular purpose. Bidders are responsible for performing such independent investigation with respect to the property as they deem necessary or appropriate. ALL SALES ARE FINAL.
    3. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER, ANDREW S. GOLDSTEIN, CHAPTER 7 TRUSTEE, FOR THISTLE FOUNDRY & MACHINE COMPANY, INC.
    4. ANNOUNCEMENTS: Announcements day of sale take precedence over all prior releases, verbal and written, concerning this sale.
    5. BIDDING: The auctioneer will determine bid increments.
    6. LIABILITY: Bidders inspecting the property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
    7. BUYER’S PREMIUM: A Buyer’s Premium will be charged. The Buyer’s Premium on personal property is ten percent (10%) of the high bid amount. The Buyer’s Premium is added to the high bid amount to determine the sales price.
    8. PAYMENT: All personal property must be paid for in full on sale day by cash, cashier’s check or pre-approved personal or business check made payable to Woltz & Associates, Inc. Buyers will be provided a receipt which must be provided when picking up your items purchased. KEYS & TITLES TO VEHICLES:  Titles and keys to vehicles will be provided upon receipt of payment by cash, cashier’s check or wire transfer.  If a personal or business check is used for the payment of a vehicle, the title and keys will not be provided to the bidder until the check has cleared.
    9. REMOVAL OF PERSONAL PROPERTY: Paid in full receipt must be shown at pickup.  All personal property becomes the responsibility of the buyer at the time of the sale. Neither the Auction Company nor the Seller provides equipment or labor to remove items purchased.  All personal property (with the exception of vehicles for which payment is not made by cash, cashier’s check or wire transfer) must be removed from the property by 4:00 PM EST, Sunday, February 28, 2021, unless prior arrangements are made with the Auction Company.  Lot #34-Forklift and Lot #54-Bobcat skid steer will be used Saturday and Sunday to move equipment.  These two items can be picked up Sunday, February 28, after 2:00 PM EST. Removal Times:  Day of sale and Sunday February 28, 8:00 AM to 4:00 PM EST. 
    1. MACHINERY DISCONNECTS: All electrical, mechanical and plumbing disconnects must be made in a professional and workman-like manner by a licensed contractor. Electrical, mechanical and plumbing terminators shall be made at the nearest junction box or union to the equipment. Any building penetrations removed (g., piping) shall be re-sealed in a professional and workman-like manner at the expense of the machinery purchaser.
    2. GENERAL: The information provided by Seller and Auction Company is deemed accurate but is subject to verification by all parties relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or Auction Company.
    3. INVENTORY OF PERSONAL PROPERTY: An inventory of personal property being sold will be available at the previews, at woltz.com or upon request to the Auction Company.

SOLD – Real Estate Auction: Presbyterian Homes and Family Services now HumanKind – Zuni Campus

 

This property was the former Presbyterian Homes and Family Services facility located in Zuni, Virginia. It is comprised of 50,000± SF of building space in a campus style setting and is situated on 119± acres of land. The improvements include seven brick buildings, one vinyl sided building used as apartments and a swimming pool with attached metal building. Additional improvements include an all metal construction shop and warehouse storage building, an all metal agricultural maintenance shop and wood barn.

This property was once a group home for adults with intellectual disabilities as well as supervised independent living apartments. This campus at its peak housed 48 residents. In addition to the group housing, this property was the processing and distribution site for the “Zuni Gourmet Peanuts.” Currently most of the tillable land is being leased. The State Natural Area Preserve joins the property.

One vinyl sided and four brick apartment buildings were used for adult housing. There are brick and block buildings used as the cafeteria, a recreational hall and administration. The pond and swimming pool offered a recreational outlet for residents. Paved roads and parking are found throughout the campus. There is potential for more bed capacity under Virginia Law than was previously used by the Presbyterian Homes and Family Services and plenty of room for expansion on the 119± acres.

TRACT 1: 75± acres and campus buildings
TRACT 2: 23± acres of agricultural land with metal shop and wooden barn
TRACT 3: 21± acres of agricultural land
ALL TRACTS ARE ZONED RAC – RURAL AGRICULTURAL CONSERVATION

Directions: From Hwy 460 12 miles SE of Wakefield and 3.7 miles NW of Windsor take Yellow Hammer Road West for 1 mile. At stop sign continue straight on Thomas Woods Trail and proceed 0.6 of a mile to property on right. Address: 5279 Homegrown Lane, Zuni, VA 23898

Zuni, Virginia is only 44 miles from Norfolk International Airport and 50 miles from Virginia Beach.

Unlimited possibilities such as rehab/health care facility, substance abuse, halfway house, school, church, camp or retreat.

Improvements alone are assessed for $2,383,000. Come bid your price on this prime property!

Zoning

Isle of Wright County Zoning RAC (Rural Agricultural Conservation)

Broker Participation

Any broker actively licensed in the Commonwealth of Virginia whose agent properly registers the successful high bidder will be paid a two percent (2%) commission at settlement by the Seller. Registration must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address and signature of agent and prospect as well as a Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. by 12:00 noon on September 5, 2018. If prospect attends preview, agent must attend with prospect. Additionally, agent must attend sale and co-register with prospect on auction day. Only the first broker to register the high bidder will be paid a commission. Agents acting as principals, on behalf of licensed real estate agents, on behalf of family members, on behalf of entities in which they hold an ownership interest or who represent prospects who have had prior contact with seller or auction company are not eligible. Only one registered bidder per agent.

Terms and Conditions

  1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 1:00 PM. Please bring a driver’s license for identification.
  2. AUCTION SALE: Auction Tracts 1-3 will be sold subject to Seller confirmation. ALL CONFIRMED SALES ARE FINAL: All property is auctioned “AS IS, WHERE IS” with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise. Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate.
  3. FINANCING: Your bidding and purchase of the property is NOT CONDITIONAL UPON FINANCING. Be sure you have arranged financing, if needed, and are capable of paying cash at closing.
  4. LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
  5. BIDDING: Qualified bidders may bid on individual tracts, any grouping of tracts or the Property in its entirety. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
  6. ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  7. BUYER’S PREMIUM: The Buyer’s Premium on the real estate is seven percent (7%) of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sales price.
  8. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
  9. LEAD-BASED PAINT: Some of the buildings in this auction were built prior to 1978 and may contain lead-based paint. A lead-based paint inspection may be performed by bidders prior to the auction sale date. Applicable lead paint disclosures and information are available from Auction Company. Bidders will be provided a lead-based paint disclosure prior to signing a real estate purchase agreement and agree to waive the ten (10) day right to inspection after the auction sale.
  10. REAL ESTATE DEPOSIT: A deposit in the amount of ten percent (10%) of the contract sales price will be required on day of sale. The deposit is payable by cash, cashier’s check, or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the checking account is in good standing.
  11. REAL ESTATE DEED: The real estate will be conveyed by general warranty deed free and clear of liens and encumbrances, except for (i) easements of record not materially and adversely affecting the value or use of the Property, (ii) real estate taxes not yet due and payable (which will be prorated at settlement), (iii) any items agreed to be paid or released at settlement by Seller and the buyer, and (iv) customary easements, rights-of-way and restrictions required by public utilities and/or the local governmental authorities not materially and adversely affecting the value or use of the Property. The balance of the purchase price is due at settlement on or before October 23, 2018. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction.
  12. BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations.
  13. GENERAL: The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.

SOLD – Real Estate Auction: Historic National Landmark-The Natural Bridge of Virginia

Natural Bridge, Virginia
Real Estate Auction
Historic National Landmark-The Natural Bridge of Virginia

For Immediate Release
Contact: Jim Woltz / 540.342.3560

Natural Bridge of Virginia Has a Bright Future
Owner generously gifts the Bridge and 188 acres—valued at $21 million—
to Virginia Conservation Legacy Fund

Natural Bridge, Va. (Feb. 6, 2014)—Woltz & Associates, Inc. today announced the sale of Virginia’s historic Natural Bridge and 1,500 surrounding acres to the Virginia Conservation Legacy Fund (VCLF).   In the coming years, as part of the terms of the agreement, VCLF will deed Natural Bridge and its surrounding properties to the Commonwealth of Virginia to become a Virginia State Park.  This arrangement was made possible because the Bridge’s owner, Angelo Puglisi, generously gifted the Bridge and 188 acres of the property—valued at $21 million—to VCLF.    

Since 1988, the Natural Bridge, the hotel, attractions and more have been owned and operated by Washington, DC area real estate developer Angelo Puglisi.  He purchased it all with the intent of keeping it accessible to visitors forever.    

Commenting on the new ownership, Puglisi said, “This incredible property is filled with inspiring splendor and history.  I am pleased that this national landmark—once owned by Thomas Jefferson and surveyed by George Washington—now has a path into the Virginia State Park system that will allow upcoming generations to enjoy it just as I have enjoyed it.” 

Jim Woltz, President of Woltz & Associates, said, “This agreement has been months in the making and we’re very pleased with the result.  It’s a great accomplishment to put the last piece of a complicated puzzle together.  The result is a tremendous benefit to the region and the state.  It would not have happened without such a wonderful owner and seller, Angelo Puglisi.”

Multiple parties—including the Virginia Department of Conservation and Recreation (DCR), the Department of Environmental Quality and numerous conservation groups and organizations—worked together to find a solution that was true to Mr. Puglisi’s vision to preserve Natural Bridge and its surroundings for visitors for years to come.

“I admire Mr. Angelo Puglisi and his efforts to conserve Thomas Jefferson’s Natural Bridge for the benefit of future generations. Virginians, indeed all Americans, should be grateful. One of our nation’s most iconic natural landscapes is now protected in perpetuity,” said Joe Elton, Interim Director, Virginia Department of Conservation and Recreation.

VCLF will purchase the balance of the conservation land assets of 1,300 acres with a loan from the Virginia Clean Water Revolving Loan Fund administered by the Virginia Department of Environmental Quality and the Virginia Resources Authority.  Repayment of the loan will be funded through donations and operations of the Bridge.  Upon repayment of the loan, the property and operations will be conveyed to DCR—managers of the Virginia State Park system.

The Natural Bridge itself is designated as a Virginia Historic Landmark as well as a National Historic Landmark.  Known as one of the world’s natural wonders, the Natural Bridge of Virginia has attracted visitors from around the globe since the time of Thomas Jefferson’s ownership.  It is a significant local, regional and national attraction.

Woltz added, “Through the work of many people, Natural Bridge will remain one of the top scenic destinations not only in Virginia but across the U.S.”

###

About Woltz & Associates:
Woltz & Associates, Inc. is one of the Mid-Atlantic’s largest real estate auction/brokerage companies and specializes in estates, farms, ranches, commercial, industrial and investment properties, residential developments, office buildings, and timber, hunting and recreational land.

About Virginia Conservation Legacy Fund:
Virginia Conservation Legacy Fund, Inc. (“VCLF”) is a nonprofit organization which seeks to conserve an appropriate portion of Virginia’s natural resources for public access and enjoyment. Their work in preserving and restoring wildlife habitat is also designed to create economic activity through the recreational and mixed use of Virginia’s vast forests and open spaces. VCLF is a member of the 25 year old Roanoke, Va.- based Kissito Healthcare, Inc. (“Kissito”) a nonprofit charity working both domestically and internationally in health, aging, nutrition, and human development. The relationship between health, nutrition, and our natural environment is well documented. VCLF and Kissito seek to blend these three disciplines to improve the quality of life for the people of Virginia while sustaining our natural resources.

About the Natural Bridge:
The Natural Bridge is a portal to U.S. history.  Easy to get to and hard to forget, it is just off­ Interstate 81 in Virginia’s Shenandoah Valley.   Over five million years old, standing 215 feet at its highest reach, surveyed by George Washington and once owned by Thomas Jefferson, the Natural Bridge is in the esteemed list of being one of the most notable natural wonders of the New World.

To Be Sold at Auction: The Natural Bridge • The Natural Bridge Hotel • The Natural Bridge Gift Shop • The Caverns Of Natural Bridge • The Natural Bridge Wax Museum • 1600± Contiguous Acres Offered in 35 Individual Tracts.

The Natural Bridge of Virginia sits in the southern end of Rockbridge County, flanked by the Blue Ridge Mountains. Forged by nature millions of years ago, the solid limestone bridge stands 20 stories high with a span of 90 feet.

Known as one of the world’s natural wonders, the beauty and spectacle of The Natural Bridge of Virginia has attracted visitors from around the globe since the time of Thomas Jefferson’s ownership and continues today to be a significant local, regional and national attraction. During colonial times and into the early Republic, the Natural Bridge was considered one of the most notable natural wonders of the New World. Today the bridge itself is designated as a National Historic Landmark as well as a Virginia Historic Landmark.

It is doubtful that many properties exist today that are still privately owned which offer so much legacy and history. At the age of 18, George Washington is said to have surveyed the property for Lord Fairfax in 1750. Washington, as the story is told, is said to have scaled some twenty-three feet up the southeast wall of the Bridge and chiseled “G.W” into the stone wall. Thomas Jefferson first saw the Natural Bridge in August of 1767. On July 5, 1774, King George III granted 157 acres of land, including the Natural Bridge to Thomas Jefferson for 20 shillings. The history of the Natural Bridge is rich and deep and offers an incredible opportunity to private investment funds/individuals, hotel operators/investors, conservation groups, developers, land investors and individuals looking for a beautiful Virginia parcel of land to construct their own estate or dwelling.

The Bridge is a stone arch spanning a distance of 90 feet and towering 215 feet above Cedar Creek. Rockbridge County is named for the Bridge. U. S. Route 11 passes directly over the Natural Bridge and was the primary north-south corridor for travel and transportation through the Shenandoah Valley. Visitors can either walk down to the trail head on Cedar Creek or take a short bus ride. The trail under the Bridge and along Cedar Creek begins at the Summer House. At the Summer House visitors can enjoy beverages and food in the open dining area. The trail then leads to the Natural Bridge where visitors linger and take in the massiveness of this stone arch. From the Bridge, the Cedar Creek Nature trail continues through the Cedar Creek Gorge passing the Monacan Indian Village complete with interpreters and ending at Lace Falls. Visitors then return each evening to the Bridge to witness the Drama of Creation light show.

Hotel

The second most significant feature of The Natural Bridge of Virginia is the famous Natural Bridge Hotel and Conference Center. The Hotels is a three story brick structure constructed in 1964 replacing the historic frame hotel. The Hotel is 71,640 square feet and boasts 92 guest rooms. The main floor includes lobbies, gift shop, offices, and restrooms, Jefferson Ballroom (5,600 square feet), Colonial Dining Room (Seats 200) and Kitchen. The Red Fox Lounge adjoins the Colonial Dining Room and seats 50. Adjacent to the main hotel is the Annex. This is a three story brick structure built in 1952 with 9,720 square feet and 30 guest rooms. In addition to the Annex there are eight brick cottages in close proximity to the Hotel which have an additional 36 guest rooms. The Natural Bridge Gift Shop is a 50,990 square foot brick building built in 1954 having slate roof and full two story columns on the front. On the first floor it houses the gift shop, restaurant, ticket sales, offices, restrooms and candy counter. On the lower level one will find restrooms, game room, butter fly exhibit and entrance to bus and Bridge pathway. The Natural Bridge Caverns are located a short distance north of the Hotel and have been opened to the public since 1977. Visitors enjoying the Natural Bridge Caverns tour descend more than 34 stories deep into the earth. The tour is highlighted by Mirror Lake, the Waterfall Room, the Canyon Room, the Colossal Dome Room, and the Wishing Well Room. The Cavern building was built in 1980 and houses the gift shop and entrance to the Caverns. Another major attraction at the Bridge is the Natural Bridge Wax Museum. The Wax Museum building is a two story brick structure built in 1957 with 14,052 square feet of space and also part of gift shop tract. For many years it has been leased to Dorfaman Museums who run the exhibit and have their workshop located here.

Directions

From I-81 Southbound take exit 180 and then Route 11 south. From I-81 Northbound take exit 175 and then north on Route 11.

Distances to Natural Bridge:
Blacksburg, VA – 69 miles
Charlottesville, VA – 80 miles
Fredericksburg, VA – 150 miles
Harrisonburg, VA – 70 miles
Lexington, VA – 16 miles
Lynchburg, VA – 35 miles
Norfolk, VA – 195 miles
Richmond, VA – 35 miles
Baltimore, MD – 226 miles
Charleston, WV – 195 miles
Charlotte, NC – 225 miles
Washington, DC – 180 miles
Asheville, NC – 270 miles