Smith Mountain Lake Lot Auction

The Smith Mountain Lake real estate market has been very active, and now is your chance to buy some incredible waterfront lots and get started building your dream!

Premium Waterfront Lots in Franklin County, Virginia. The three lots are incredibly beautiful, gradually sloping, with wide water views and within sight distance of Halesford Bridge. Auction Tract 3 has one of the most amazing natural sandy beaches on Smith Mountain Lake.

ALL THREE LOTS ARE AMAZING; YOU WILL NOT BE DISAPPOINTED

Directions: Put Oak Point Drive, Moneta, VA in your phone and go to the end of the road. Watch for auction signs. From Hwy 122 at LakeWatch Plantation, turn on to Merriman Way. Go 1.6 miles and turn left down private drive to end of road. Or you can continue past the private drive and turn left on River Bay, then left on Oak Point to the end of the road.

Additional features in full screen mode

Auction Tract Survey Lot Acreage ±
1 2B 2.032
2 3B 1.097
3 4B 1.182

 

Bedford County, Virginia waterfront lots in Lakes Edge. These Goodview lots are close to Hwy 24 and an easy commute to Roanoke. Dock permits are in place and transferable!

Directions: Put Lakes Edge Drive, Goodview, VA, in your phone and watch for signs. From Roanoke, take Hwy 24 east and turn right on Goodview Road, then turn right into Lakes Edge.

Another three fabulous side by side lots. Buy one or buy all three! Roanoke is only 14 miles away and 26 minutes. That’s right, waterfront lots only 14 miles from Roanoke! We have the dock permits in hand and available for review on our website. These lots are ready for you to imagine your dream home.

Additional features in full screen mode

Auction Tract Survey Lot Acreage ±
4 11 2.405
5 12 1.801
6 13 2.215

 

5 acres on Smith Mountain Lake across from the 4-H Camp and channel marker B37!

That’s right, 5.148 acres nestled in the pine and hardwood forest that’s home to a bonanza of wildlife! The Seller is clearing it now. Rare hard to find acreage on the lake! Quiet and secluded, a rare gem to find.

Directions: Put Blue Lake Road, Union Hall in your phone, and the lot is on your left, watch for signs. From Hwy 40 in Glade Hill, turn north on Timber Ridge Road. At the end, turn left on Brooks Mill, right on Long Horne and at the Y in the road, stay right and turn left on Blue Lake, the property is on the left.

Additional features in full screen mode


 

LakeWatch Plantation prime waterfront lot in a great subdivision with restaurants, banking, and the YMCA.

Directions: Put LakeWatch Circle, Moneta, VA, in your phone. Turn Right, and the lot is on your left. From Hwy 122 at LakeWatch Plantation, turn on First Watch. At the end, turn right on Lakewatch Drive to lot on the left.

Auction Tract 8 is LakeWatch survey lot 34 containing .59 acres. County water and sewer! Agent Owned

Additional features in full screen mode

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 a Broker’s license number and Federal Tax ID number.  The form must be received in the office of Woltz & Associates, Inc. by noon on October 29, 2020. 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 & Conditions of Auction

  1. REGISTRATION:  Bids will only be accepted from registered bidders.  Registration begins at 1 PM.  Please bring a driver’s license for identification.
  2. AUCTION SALE:  All properties are being sold subject to Seller confirmation of the high bid.   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 are 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 or any grouping of tracts.  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 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.
  8. AGENCYThe Auction Company and its representatives represent the Sellers.
  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 pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. 
  10. REAL ESTATE DEED:  The real estate will be conveyed by general 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 on or before December 14, 2020. There will be no assigning of tracts or deeds between bidders.  Tracts will be deeded in the manner purchased at the auction.
  11. BOUNDARY LINES:  Boundaries on aerial photos and topo maps are approximate. Refer to the surveys for exact boundary locations.
  12. 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.

Online Real Estate Auction: Commercial Opportunity

Property: 1
“Linric” – 2067 Magnolia Ave.
Suggested Opening Bid: $175,000
SF (±): 8,950
Historic Tax Credit Eligible: Yes
New Market Tax Credit Eligible: Yes
Tax Assessed: $247,200
Notes: Remodeled upstairs 4-bedroom 1,850 SF apartment $800 per month and a 500 SF studio $400 per month, downstairs space ready for rehab

Property: 2
“Ramsey” – 2076 Magnolia Ave.
Suggested Opening Bid: $150,000
SF (±): 6,750
Historic Tax Credit Eligible: Yes
New Market Tax Credit Eligible: Yes
Tax Assessed: $310,500
Notes: One professional office $350 per month, lower level is rehab ready

Property: 3 – UNDER CONTRACT
“Salon And Parking Lot” – 2002 Magnolia Ave. and parking lot
Suggested Opening Bid: $85,000
SF (±): 2,440
Historic Tax Credit Eligible: Yes
New Market Tax Credit Eligible: Yes
Tax Assessed: $123,100
Notes: Monthly income salon $600, Vacant rear office available to rent, Vacant land 10,000± SF

Property: 4
“Magnolia Parking Lot” – Corner of Magnolia Avenue and 20th St.
Suggested Opening Bid: $90,000
SF (±): Vacant Land 12,500
Historic Tax Credit Eligible: No
New Market Tax Credit Eligible: Yes
Tax Assessed: $47,500
Notes: 12,500± SF gravel parking lot. Access from Magnolia Ave and 20th street

Property: 5
“Arts Council” – 2037 Magnolia Ave.
Suggested Opening Bid: $175,000
SF (±): 10,250 – 2 Stories
Historic Tax Credit Eligible: Yes
New Market Tax Credit Eligible: Yes
Tax Assessed: $219,500
Notes: Vacant land 1,125± SF

Property: 6
“Annex” – 2043 Magnolia Ave.
Suggested Opening Bid: $50,000
SF (±): 625
Historic Tax Credit Eligible: Yes
New Market Tax Credit Eligible: Yes
Tax Assessed: $49,200
Notes: Large storefront window. Ready for rehab. 

Property: 7
“Camelot” – 2047 Magnolia Ave.
Suggested Opening Bid: $150,000
SF (±): 5,220
Historic Tax Credit Eligible: Yes
New Market Tax Credit Eligible: Yes
Tax Assessed: $258,000
Notes: Large first floor commercial space, Second story has 4-bedroom apartment $1,000 per month

Property: 8 – UNDER CONTRACT
“McCormick” – 2045 Forest Ave.
Suggested Opening Bid: $95,000
SF (±): 5,000
Historic Tax Credit Eligible: Yes
New Market Tax Credit Eligible: Yes
Tax Assessed: $140,400
Notes: Vacant land 1,250± SF

Property:9
“Town Square” – 2117 Magnolia Ave.
Suggested Opening Bid: $65,000
SF (±): 13,204
Historic Tax Credit Eligible: No
New Market Tax Credit Eligible: No
Tax Assessed: $110,000
Notes: Grass lot in the heart of downtown.

Property: 10 – UNDER CONTRACT
“Dollar Value Trio” – 2159, 2161-2163, 2175 Magnolia Ave.
Suggested Opening Bid:
SF (±):
Historic Tax Credit Eligible: 2159 – Yes, 2161-2163 No, 2175 No
New Market Tax Credit Eligible: 2159 – Yes, 2161-2163 No, 2175 – Yes
Tax Assessed (2159 Magnolia. Ave.): $80,500
Tax Assessed (2175 Magnolia. Ave.): $139,100
Notes: 2159: 2,000 SF bldg and 1,125 SF vacant land.
           2161-2163: 4,812 SF vacant land.
           2175: 2,880 SF bldg and 1,682 SF vacant land.

 

  • Investment Opportunity
  • 1.5 miles to I-81
  • 7.4 Miles from Lexington
  • 20% more affordable to live than average in US
  • Near 3 colleges
  • Maury River
  • Mixed use zoning

Tax Credit Information

Virginia: Introduction to Historic Rehabilitation Tax Credits

https://www.dhr.virginia.gov/tax-credits/

Federal: Tax Incentives for Preserving Historic Properties

https://www.nps.gov/tps/tax-incentives.htm

Terms and Conditions of 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 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 November 16, 2020. 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 & Conditions of Auction for Online Bidding
City of Buena Vista, Rockbridge County, Virginia

Bidding Opens: November 1, 2020
Bidding Closes: 1 PM, Tuesday, November 17

  1. AUCTION SALE:  The Property will sell subject to seller confirmation.  The 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. Bidding signifies you have read and are in agreement with the terms and conditions of the auction. If you do not agree with the terms and conditions of this auction Do Not Bid!
  2. REAL ESTATE DEPOSIT: The Buyer is required to pay a deposit in the amount of ten percent (10%) of the contract sales price and sign an Auction Real Estate Purchase Agreement within twenty-four hours (24) of sale day executed and delivered via email. Buyer may wire funds or overnight a cashier’s check for the earnest money deposit. The Deposit shall be placed in Auction Company’s escrow account until final settlement. 
  3. FINANCING:  Your bidding and purchase of the property are 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. ANNOUNCEMENTS:  Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  6. 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 contract sales price.
  7. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
  8. REAL ESTATE DEED AND POSSESSION:  The real estate will be conveyed by general warranty deed to be prepared at the expense of the Seller and the cost of Virginia Grantor’s tax shall be borne by the Seller. It is agreed the Property is being conveyed 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 on or before December 30, 2020.  The contract to purchase is not assignable.  Possession of the Property shall be given to the buyer at closing.
  9. BIDDING AND SOFT CLOSE: The Soft close will allow extended bidding until no bids are placed for five minutes. If a bid is placed within last five minutes an additional five minutes will be added to ensure everyone gets time to place their bid.
  10. WITHDRAWAL OF PROPERTY: Seller reserves the right to withdraw any property or properties from the sale prior to the opening of the auction. Properties withdrawn from sale are: 3, 8 & 10.
  11. DEFAULT: If the successful bidder fails to remit the deposit in guaranteed funds, or if the successful bidder fails to remit the balance due by the closing deadline in guaranteed funds, the bidder will be in default, and will be liable for all losses suffered by, and costs incurred by, the seller, including collection costs, reasonable attorney’s fees and any reduction in funds received from a subsequent sale of the property.
  12. GENERAL: The information contained online, in the brochure, and the Bidder’s Information Packet 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.

 

Advance Auction Notice: Carroll County 25 Acre Mini-Farm

This is one of the most beautiful small farms to come on the market.

This brick home is by far the best built home anywhere constructed and maintained by a perfectionist. Separate garage/office gives added space and flexibility.

1 1/2 story brick house with a brick detached garage/workshop, potting shed,  2 barns.  Also included is 25 acres of open hay/pasture land.

Outstanding views of the Buffalo in Floyd County and other well know mountains to the East.

The house has 2,479SF,  3 bedroom, 3 bath, living room, dining room, large kitchen, den, 2-car garage. Easily accessed on the ground level.

The house built in 1969  Has been perfectly maintained. The quality of construction  far exceeds that of many new homes today.

Ideally located along Rt 100 which allows for easy access to I-77 or I-81.

Real Estate Auction: Crouch Farm – 72± Acres

  • Combination of pasture, hay/cropland, and nice wooded land.
  • Crab Orchard Creek winds through this picturesque farm
  • Short drive to Bedford and Lynchburg

Haywood and Sharon moved back to Huddleston after Haywood’s service in the United States Navy. His dream was to return home, farm the land, raise a family, and retire on his beloved farm. He purchased this land from his grandfather, razed the original house, and raised his family in the home he built. Haywood lived this dream to the fullest. Now their grandson will be keeping the home in the family, and Sharon is offering the remaining 72± acres for someone else to live out their dream.

Interactive Map

Additional features in full screen mode

Directions

Located just off Highway 24/43. Turn south off Highway 24/43 onto Crab Orchard Road. Turn left on Mentow Drive. Property on left where you cross the creek!

Financing

Manuela “Manny” Schabel – Loan Officer| Farm Credit of the Virginias
1356-B American Way Court | P.O. Box 1083 | Bedford, VA 24523
Office: 540.586.2188 Ext. 5812 | Mobile: 540.229.1550 | Fax: 540.586.2189
NMLS # 607336 | MSchabel@FCVirginias.com | FarmCreditofVirginias.com [farmcreditofvirginias.com] | FarmCreditKnowledgeCenter.com [farmcreditknowledgecenter.com]

 

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 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 October 22, 2020. 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 & Conditions of the Auction

  1. REGISTRATION:  Bids will be accepted only from registered bidders.  Registration begins at 10:00 AM.  Please bring a driver’s license for identification.
  2. AUCTION SALE:  The property is being sold subject to Seller confirmation of the high bid.  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 before bidding.
  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:    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 contract sales price.
  8. AGENCYThe Auction Company and its representatives represent the Seller.
  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, business or personal check payable to Woltz & Associates, Inc. Escrow Account. 
  10. REAL ESTATE DEED AND CLOSING: The real estate will be conveyed by general 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 on or before December 14, 2020.
  11. LAND USE ASSESSMENT:  In the event, the Property is taxed under land use assessment, and this sale results in disqualification from land use eligibility, Seller shall pay any rollback taxes assessed.  If the Property continues to be eligible for land use assessment, Buyer agrees to make application, at Buyer’s expense, for continuation under land use and to pay any rollback taxes resulting from failure to file or to qualify.  Notwithstanding anything herein to the contrary, the provisions of this paragraph shall survive settlement and the delivery of the deed of bargain and sale.
  12. TRANSFER OF TITLE TO REAL ESTATE: The real estate will be conveyed by general warranty deed, free and clear of liens, and subject to all rights, reservations, covenants, conditions, easements, rights-of-way, and restrictions of record, as the same may lawfully apply to the Property, and to all matters which would be disclosed by a survey and inspection of the Property.
  13. BOUNDARY LINES:  Boundaries on aerial photos and topo maps are approximate.
  14. GENERAL: The information contained in the brochure, on the internet or otherwise, 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.  The mobile home on the property conveys as is.  Seller does not have any paper work or documents on this mobile home.    
  15.  

Sealed Bid Auction: 361± Acres of Development Land Prime Opportunity

The 361.68 acres of prime undeveloped property consists of 11 separate tracts located in the heart of Prince Edward County, Virginia.  The property is only a few miles from historic downtown Farmville and is located just off US Highway 15 (Farmville Road) and only a mile south of US Highway 460. Additionally, the property is only an hour or less drive to Lynchburg, Charlottesville and Richmond. 

Manor Master Plan – Residential Sections

 

Major cities near Farmville, VA

  • 48 miles to Lynchburg, VA
  • 65 miles to Richmond, VA
  • 95 miles to Durham, NC
  • 100 miles to Roanoke, VA
  • 107 miles to Raleigh, NC.
  • 115 miles to Greensboro, NC.
  • 120 miles to Norfolk, VA.
  • 133 miles to Washington, DC.
  • 136 miles to Virginia Beach, VA.
  • 169 miles to Baltimore, MD

History

The current 361.68 acres represents a portion of what was once known as the historic Poplar Hill Farm. Originally an 1,100-acre estate once owned by tobacco tycoon Walter Grey Dunnington, who reconstructed and expanded the original farmhouse into what became known as The Poplar Manor in 1897. The now vacant 8,500 SF Victorian style Manor Home still stands on the property today and is located at the southern portion of the property boundary.  Unfortunately, following several decades of neglect, the manor house has fallen into disrepair.  

Water & Sewer Available

Water and sewer are available for the development.  There is a water tower adjacent to the subject property.  A lateral water line currently runs through a portion of this property serving another development known as Fairfield Estates.  Additionally, sewer is available and currently has a sewer line that runs through the same area as the water, lateral to a pump station.  

The Championship Manor Golf Course adjoins this property’s southern boundary.  The Manor Golf Club features a semi-private 18-hole golf course in a spectacular setting and magnificent course layout and come complete with clubhouse.

RPC Zoning and County Requirements

The property resides within the only Residential Planned Community (RPC) zoning in all of Prince Edward County, Virginia creating a unique opportunity for development in the area.  RPC zoning offers flexibility in design and development with many options for residential, commercial, civic and office type uses within the property.  The guidelines and requirements that govern this zoning type are broad in nature and specifics to the development are ultimately determined by a master plan for development.  The original master plan for this property, was designed as a mixed-use development (residential and commercial use).  A copy of the RPC zoning is available under “Documents” at the bottom of the page.

Poplar Hill CDA (Community Development Authority) & Annual Amenities Fee Agreement

Property is subject to the Amenities Fee Agreement

Directions

FOR GPS DIRECTION USE THE MANOR GOLF COURSE ADDRESS:
872 Manor House Drive, Farmville, VA 23901

FROM NORTHERN VIRGINIA & RICHMOND: Take I-95 South to Powhite Parkway (Exit 79). Take Powhite Parkway to Route 288 (Chesterfield/Amelia), follow Route 288, exit onto US 360 West for approximately 35 miles to State Route 307 and continue 9 miles to US 460 West. Exit 460 at the second Farmville exit (Business US 15 North) Use the right lane to take the US-15 BUS N/US-15 S ramp to Farmville/Keysville. Turn left onto US-15 BUS S/Farmville Rd and go approximately 1 mile to entrance on left.

FROM LYNCHBURG/ROANOKE: Take US 460 E to Farmville. Use the right lane to take the US-15 BUS N/US-15 S ramp to Farmville/Keysville. Turn right onto US-15 S/Farmville Rd go approximately 1 mile to entrance on left.

Title and Title Commitment is provided below for review.

Bidder’s Information Packet with Bid Documents is available by calling 800-551-3588 or David Boush at 540-871-5810. Bidder’s Information Packet MUST be obtained from Auction Company and documents filled out with a deposit included to place a bid on the property. Sealed Bids due Wednesday, October 7, 2020 by 3 PM EDT.

Terms & Conditions of the Auction

  1. This Auction is being conducted subject to the Terms and Conditions of Sale and the Sealed Bid Auction Real Estate Purchase Agreement.
  2. BIDDER’S INFORMATION PACKET: Detailed Bidder’s Information Packets containing the Sealed Bid Auction Real Estate Purchase Agreement, title commitment, tax cards, and bidding instructions are available from our office via email, fax or mail order. A Bid Packet MUST be obtained and documents filled out with a deposit to submit a bid.
  3. AUCTION SALE AND BIDDING: The property is hereby offered by sealed bid auction subject to Seller confirmation. To participate and bid in the auction, your fully executed Sealed Bid Auction Real Estate Purchase Agreement (contained in the Bidder’s Information Packet) must be received by the Auction Company on or before 3:00 PM EDT, October 7, 2020.
  4. BID BASIS: Bidding is by lump sum bid, not per acre. Your bid will be for the entire property containing 361± acres.
  5. BUYER’S PREMIUM: A five percent (5%) buyer’s premium must be added to the high bid to determine the total Purchase Price.
  6. FINANCING: Your bidding and purchase of the real estate are NOT CONDITIONAL UPON FINANCING. Be sure you have arranged financing, if needed, and are capable of paying cash at closing.
  7. EARNEST MONEY DEPOSIT: A Deposit of ten percent (10%) of the total Purchase Price must accompany the bid either by cashier’s check or wire transfer. Deposit checks must be made payable to “Woltz & Associates, Inc. Escrow Account.” Cashier’s checks will be held uncashed during the bid consideration period. All Deposits on offers not accepted will be returned by mail on or before October 9, 2020. The Deposit for the accepted winning bid will be deposited into the Woltz & Associates, Inc. Escrow Account and held per the terms of the Sealed Bid Auction Real Estate Purchase Agreement.
  8. BID OPENING: Bids will be opened at the offices of Woltz & Associates, Inc., 23 Franklin Road, SW, Roanoke, Virginia, at 3:00 PM EDT on ­­October 7, 2020. Only the high bid will be announced.
  9. NOTIFICATION OF ACCEPTED BIDS: The successful Bidder will be notified on or before 5:00 PM EDT on October 7, 2020.
  10. TIE BIDS: In the event of any tie bids, Seller may accept the bid of Seller’s choice, or Seller may elect to allow the tie bidders to make their best and final offer with five (5) business days’ notice.
  11. REAL ESTATE DEED AND SETTLEMENT: The balance of the purchase price is due at settlement on or before November 20, 2020. The real estate will be conveyed by special warranty deed free and clear of liens, subject, however, to any rights of way, easements, agreements, and restrictions of record.
  12. ALL SALES ARE FINAL: The 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.
  13. AGENCYThe Auction Company and its representatives represent the Seller.
  14. LIABILITY: Bidders inspecting the property enter at their own risk.  Auction Company assumes no risk for bodily injury or damage to personal property.
  15. BROKER PARTICIPATION: Broker Participation is offered for this sale.  Call for more information.
  16. BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate.
  17. DISCLOSURES: Any disclosures known by the Auction Company can be found in the Bidder’s Information Packet. Bidders are encouraged to perform their own due diligence before submitting a bid for the property.
  18. GENERAL: The information contained in this brochure and otherwise provided by Seller and Auction Company 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.

 

Documents with numbers are part of the Title Search

Online Auction: Prime Retail Store – 76,348 SF Free Standing Building With 4.476 Acres

• 76,348± Sf
• 4.476± Acres
• Potential for 2 Tenants
• Construction is Block / Brick & Membrane / Asphalt Roofing
• 3 Loading Docks
• 3 Phase Power
• Ceiling Height 12-14 ft
• Electric Heat / AC
• Public Water and Sewer
• PUD Zoning

Assessed Value $688,410

Largest retail building space in Oceana Square shopping center
Previous retailer Magic Mart’s #2 location in revenue out of multiple stores

Gross Revenues for the Former Oceana Magic Mart
2017 – $4,477,000 and 2016 – $4,387,000

Directions To 539 Valley Drive, Oceana, WV 24870

DIRECTIONS FROM BECKLEY, WV: Take WV-16 south to WV-54/WV-97W turn right onto WV-305 north then turn left onto WV-3 west and continue on WV-99 west for appx. 14 miles. Then turn left WV-85 south for appx 10 miles. Turn right onto Cook Pkwy and left onto Valley Drive for 0.7 mile to property on left.

Bidding Opens September 23 at 11 AM EDT

 

Also available: 49,500± SF, 2.6± Acres, B-1 Zoning. Address: 1809 3rd Street, Richlands, VA 24641 (Tazewell County, VA) – Click for details on this property

Terms & Conditions of Auction for Online Bidding

Property 1: 1809 3rd Street, Richlands, Virginia 24641
Property 2: 539 Valley Drive, Oceana, West Virginia 24870
Bidding Starts: Wednesday, September 23
Bidding Ends: 4 PM Wednesday, October 14

  1. AUCTION SALE:  The Property will sell subject to seller confirmation.  The 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. Bidding signifies you have read and are in agreement with the terms and conditions of the auction. If you do not agree with the terms and conditions of this auction Do Not Bid!
  2. REAL ESTATE DEPOSIT: The Buyer is required to pay a deposit in the amount of ten percent (10%) of the contract sales price and sign an Auction Real Estate Purchase Agreement within twenty-four hours (24) of sale day executed and delivered via email. Buyer may wire funds or overnight a cashier’s check for the earnest money deposit.
  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. ANNOUNCEMENTS:  Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  6. 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 contract sales price.
  7. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
  8. REAL ESTATE DEED AND POSSESSION:  Property 1: The real estate will be conveyed by general warranty deed to be prepared at the expense of the Seller and the cost of Virginia Grantor’s tax shall be borne by the Seller. Property 2: The real estate will be conveyed by general warranty deed to be prepared at the expense of the Seller and the cost of West Virginia Grantor’s tax shall be borne by the Seller.  It is agreed the Property is being conveyed 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 on or before December 2, 2020.  The contract to purchase is not assignable.  Possession of the Property shall be given to the buyer at closing.
  9. BOUNDARY LINES:  Boundaries on aerial photos are approximate. Please refer to the survey(s) of the property provided by Seller and Auction Company.
  10. DISCLOSURE: These Properties requires flood insurance.
  11. BIDDING AND SOFT CLOSE: The Soft close will allow extended bidding until no bids are placed for five minutes. If a bid is placed within last five minutes an additional five minutes will be added to ensure everyone gets time to place their bid.
  12. GENERAL: The information contained in the brochure and the Bidder’s Information Packet 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.

Online Auction: 49,500± SF Free Standing Retail Building with 2.6 Acres

This 49,500± SF free standing retail building is situated on 2.20± acres in a great location across from the baseball field and Municipal Building in Richlands, Virginia. The construction consists of block/brick and roof is ballasted roof on block/brick portion and metal roof on metal addition portion of the building. Other features include 3 dock doors, 1 loading dock, electric heat/ac, sprinkler system, alarm system and large asphalt parking lot. Public water and sewer. Fiber optic services are available.

A great location for the former Magic Mart Retailer’s gross revenues for its last two full years in Richlands: 2017 – $2,779,000 and 2016 – $2,769,000

Directions

FROM BLUEFIELD, Take US-460 W to Big Creek/Railroad Ave in Richlands for 35 miles and take the Coal Heritage Trail/US-460 W and continue for 4 miles and then take Exit 2 toward Richlands/Jewel Ridge from US-460 W. Turn left onto Big Creek Rd/Railroad Ave and continue for .5 mile and turn Right on VA-67 then next right at the first cross street at Allegheny St. Then take next right onto 3rd Street and property on Left.

Also available: 76,348± SF, 4.476± Acres, PUD Zoning. Address: 539 Valley Drive, Oceana, WV 24870 (Wyoming County, WV) – Click for details on this property

 

Terms & Conditions of Auction for Online Bidding

Property 1: 1809 3rd Street, Richlands, Virginia 24641
Property 2: 539 Valley Drive, Oceana, West Virginia 24870
Bidding Starts: Wednesday, September 23
Bidding Ends: 4 PM Wednesday, October 14

  1. AUCTION SALE:  The Property will sell subject to seller confirmation.  The 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. Bidding signifies you have read and are in agreement with the terms and conditions of the auction. If you do not agree with the terms and conditions of this auction Do Not Bid!
  2. REAL ESTATE DEPOSIT: The Buyer is required to pay a deposit in the amount of ten percent (10%) of the contract sales price and sign an Auction Real Estate Purchase Agreement within twenty-four hours (24) of sale day executed and delivered via email. Buyer may wire funds or overnight a cashier’s check for the earnest money deposit.
  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. ANNOUNCEMENTS:  Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  6. 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 contract sales price.
  7. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
  8. REAL ESTATE DEED AND POSSESSION:  Property 1: The real estate will be conveyed by general warranty deed to be prepared at the expense of the Seller and the cost of Virginia Grantor’s tax shall be borne by the Seller. Property 2: The real estate will be conveyed by general warranty deed to be prepared at the expense of the Seller and the cost of West Virginia Grantor’s tax shall be borne by the Seller.  It is agreed the Property is being conveyed 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 on or before December 2, 2020.  The contract to purchase is not assignable.  Possession of the Property shall be given to the buyer at closing.
  9. BOUNDARY LINES:  Boundaries on aerial photos are approximate. Please refer to the survey(s) of the property provided by Seller and Auction Company.
  10. DISCLOSURE: These Properties requires flood insurance.
  11. BIDDING AND SOFT CLOSE: The Soft close will allow extended bidding until no bids are placed for five minutes. If a bid is placed within last five minutes an additional five minutes will be added to ensure everyone gets time to place their bid.
  12. GENERAL: The information contained in the brochure and the Bidder’s Information Packet 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.

Real Estate & Personal Property Auction: The Thistle Foundry

More information coming soon!

Rifle Colorado Land Offering: 1,115± Acres

Rifle Airpark

Located in the Rifle and Garfield County this premier property contains 1,115 acres surrounding the Rifle Airport. 

This prime parcel is ripe for development and looking for a visionary to complete a great start.

Real Estate Auction: Prime Development Opportunity

1,100± Acres of undeveloped land located in the city of North Augusta, South Carolina just off the Palmetto Parkway (I-520) near Belvedere and less than five miles to downtown. The property is also only 8 miles to Augusta, Georgia, which is the second fastest growing city in Georgia. The land tract was previously marketed as a development that would include up to 1,500 homes, two schools, several commercial centers and 200 acres of greenspace.

The property consists of four tax parcels and is currently zoned as a Planned Development. The property has road frontage on multiple state roads and I-520 runs along most of the 1,100-acre parcel western boundary. The largest privately held land tract in the Town of North Augusta, South Carolina. The 21-acre and 93-acre tracts also front along I-520 on its eastern boundary. The Planned Development Zoning is a perfect zoning for this property as it allows Residential, Retail, Commercial and Industrial with a plan. This is the perfect blank canvas for a developer with vision. Its all with direct access to Palmetto Parkway I-520. Minutes to downtown and a short commute to the Cyber Command, one of Augusta top sites.

North Augusta, South Carolina, located directly across the Savannah River from Augusta, is an integral part of Augusta’s urban core and the Urban Area Master Plan. North Augusta and Augusta are each critical to the other’s economic health and current revitalization. This is the regions fastest growing sector.