COMMERCIAL & DEVELOPMENT REAL ESTATE AUCTION: 4 Lots (Madison Heights, VA)
DATE: Friday, August 9, 2019
TIME: 12:00 PM
LOCATION OF PROPERTY AND SALE SITE: Commonwealth Drive, Madison Heigths, VA 24572
19+/- acres offered in 4 lots. Prime commercial development lots and residential site plan for 97 condos / patio homes. Water and sewer are available. Site plans for residential, list of proffers and letter from VDot available for viewing and download.
Lots are scheduled as follows:
Lot 1: 1.46+/- Acres - highest bid over $125,000 will be confirmed.
Lot 2: 1.01+/- Acres - highest bid over $75,000 will be confirmed.
Lot 3: 1.05+/- Acres - will sell absolute.
Lot 4: 16.223+/- Acres - highest bid over $150,000 will be confirmed.
DIRECTIONS: Property located on US-BUS N. 4.9 miles from downtown Lynchburg go 4.9 miles and .6 miles from Rt 130 (Amelon Rd).
PREVIEW DATES: Friday 7/26 & Friday 8/2 12PM to 1PM, other times by appointment.
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 MANAGERS: George McDaniel (434) 546-9235 or Bill Bryant (434) 525-2991.