Details
***Absolute Auction *** Live & online bidding!
2.81 acres located near the intersection of Leesville Road & Waterlick Road in Lynchburg, VA.
AUCTION DATE: online bidding begins now with simultaneous live bidding Friday, June 5, 2026 @ 12:00 noon
PROPERTY LOCATION:
19320 Leesville Road, Lynchburg, VA 24502
Live in person bidding onsite.
PREVIEW DATES: Saturday May 16th & May 30th from 9:00 am - 11:00 am
Property Overview:
What's selling:
Prime Location, 2.81 acres located near the intersection of Leesville Road & Waterlick Road in Lynchburg, VA. Zoned Residential – Multi Family this property has over 340’ of road frontage along Leesville Road. New survey recorded. The property has several outbuildings as well as the original home built in 1915. Public Water is already at the location.
Parcel ID: 21E-1-8 Legal Description: PT Lot 8 Schmitt
Link to the map
https://id.land/maps/f344d2f701a7c61318a4b0f267b592b8/share
Link to directions
https://maps.app.goo.gl/HiDrVsgDazqPUpsM9
SALES MANAGER: George McDaniel 434-546-9235 gmcdaniel@countsauction.com
Buyer's Premium: 10%
Terms: A deposit of 10% will be due on the day of the auction if bidding in person and will be held by the Counts Realty & Auction Group.
If bidding online, a deposit of $10,000.00 in the form of a wire transfer or certified funds will be due no later than Wednesday, June 3, 2026. For wire transfers include $15.00 for incoming wire fee. Online bidders will send their deposits to The Counts Realty & Auction Group.
Instructions on how to register are under the map under downloads.
Terms and Conditions
A 10% buyer's premium will be added to the final high bid to determine contract price. A deposit of 10% will be due on the day of the auction if bidding in person and will be held by the Counts Realty & Auction Group.
If bidding online, a deposit of $10,000.00 in the form of a wire transfer or certified funds will be due no later than Wednesday, June 3, 2026. For wire transfers include $15.00 for incoming wire fee. Online bidders will send their deposits to The Counts Realty & Auction Group. The high bidder will be required to increase the deposit to an amount equal to 10% of the high bid within 3 business days of the sale date. This additional deposit will be wired directly to The Counts Realty & Auction Group. Online bidders who are not the high bidder will have their deposit returned to them promptly after the sale date. The balance of the contract purchase price will be due at closing within 30 days of the auction sale date. If the highest bidder does not make timely payment of the balance of the deposit or refuses to execute the Auction Contract of Purchase they shall be deemed as in default and their initial deposit will be forfeited.
By bidding on this sale, the Buyer hereby acknowledges receipt of and agrees to all these Terms and Conditions.
Due Diligence: Any reliance on the content of information provided shall be solely at the recipient's risk. All information is believed to be correct but is not guaranteed. Bidders must conduct and rely solely upon their own due diligence. The property is being sold "AS-IS" with all faults.
Controlling Law:
The respective rights and obligations of the parties with respect to the Conditions of Sale and the conduct of the sale shall be governed and interpreted by the laws of the Commonwealth of Virginia. By making an offer at the sale, whether present in person or by agent, written offer, telephone, online or other means, the participant shall be deemed to have consented to the jurisdiction of the state and federal courts of the Commonwealth of Virginia.
Acceptance of the terms is acknowledged by placing a bid.
