DATE: Friday, April 26, 2019
TIME: 12:00 PM
LOCATION OF PROPERTY AND SALE SITE: S. Amherst Hwy, Madison Heights, VA (near the intersection of Rt. 130 and Rt. 29 Business)
5.848 acres of vacant land that is ideally suited for commercial, business, or light industrial uses. The property could be used for a pharmacy, restaurant, fast food, banking, or retail. Has 448’ of road frontage on S. Amherst Hwy (Rt. 29 Business) in addition to frontage on Elon Rd (Rt. 130) and Clearview Rd. There is a stoplight at the intersection of S. Amherst Hwy and Clearview Rd. Fiber Optic lines are located along the S. Amherst Hwy edge of the property. Served by public water and sewer. Tax maps #148-A-40 and 148G-8-1-3,9,10.
The highest bid over $339,000 will be confirmed. The tax assessment is $866,300.
DIRECTIONS: This property is located on the west side of S. Amherst Hwy (Rt. 29 Business) just to the north of the intersection with Elon Rd (Rt. 130). The property is across S. Amherst Hwy from the Amelon Square Shopping Center.
PREVIEW DATES: Wednesday 4/10 (12:00 – 1:00) and Wednesday 4/17 (12:00 – 1:00) or by appointment. The property is also open for self-guided inspection tours at any time.
TERMS: 10% deposit on due on the day of the auction, balance due at closing within 30 days. Possession at closing. 10% Buyer’s Premium added to the high bids to determine final contract sales price.
SALES MANAGER: Pete Ramsey (434) 258-6611