ABSOLUTE TRUSTEE AUCTION: 2 Tracts of Real Estate and Commercial Kitchen Equipment (Troutville, VA)
DATE: Friday, November 15, 2019
TIME: 12:00 PM
AUCTION SALE SITE: 4919 and 4935 Catawba Rd, Troutville, VA 24175
Tract 1) 4935 Catawba Rd
- 936 sq ft, 3 BR, 1 BA house on 0.21+/- acres.
- Eat in kitchen, living room, and unfinished basement
- Heat pump supplies heat and air conditioning
Tax assessment = $72,300
Tax Map #86-14
Tract 2) 4919 Catawba Rd
- 1,400 sq ft building on 1.66 acres, formerly used as Nannies Market convenience store
- Long road frontage on Catawba Rd
- Building has 2 bathrooms and a commercial kitchen area
- Large parking area (gravel and pavement)
- Three underground storage tanks on property (two, 6,000 gallon steel tanks and one 4,000 gallon steel tank)
- Phase 1 study was completed January, 2019. Contact Pete Ramsey for additional details.
- The property is great for a store, shop or office
Tax assessment $ 218,400
Tax Map #86-11B & #86-14A
Commercial Grade Kitchen Equipment - Refrigerator, stove, exhaust hood plus many more items. All commercial grade.
Both tracts share a common septic system and well. There will be an easement in place prior to closing should there be different buyers of the tracts.
AUCTION SITE DIRECTIONS: From the intersection of I-81 and Rt. 220 (exit 150), go north on Rt. 220 for 1.6 miles. Turn left onto Catawba Rd. (Sheetz is on the corner) and go 4.8 miles. The property is on the left.
PREVIEW DATES: Thursday 10/31 and Thursday 11/7; 12PM to 2 PM or by appointment.
SALE MANAGER: Pete Ramsey (434) 258-6611
Terms and Conditions
Equipment Terms: 10% Buyers Premium added to high bid with payment by cash or good check. MUST be paid in full on auction day. All sales are final, and everything is being sold as is, where is, without representation or warranty of any kind.
Real Estate Terms: 10% Buyer’s Premium added to high bid. A deposit in the amount of $10,000 in certified funds for each tract is due on the auction day with the balance of the purchase price due in 30 days. A 2% Brokers Participation is offered. The real estate is being sold as is, where is, without representations or warranties of any kind.