Details
Real Estate Auction (Simmons)
Sale Date: Wednesday, January 23, 2019 @ 12:00 Noon
Sale Location: 318 W. Washington St., Bedford VA 24523
OPPORTUNITY YOU DO NOT WANT TO MISS!
Potential for your own business or as a income producing property in the heart of Bedford.
Property #1: 1,600 Sq. Ft. Office Building built in 1988, designed for two tenants. Building offers two SEPARATE ENTRANCES, Baths, Heating and Cooling.
TAX ASSESSED at $133,100.
Property lot size 50’ x 170’. Zoned B1 Limited Business / Enterprise Zone
This property is being sold in cooperation with DeWitt Real Estate.
Highest bid over $50,000 will be confirmed.
Property #2: 2,388 Sq. Ft. Single Family, Two Story Property Zoned B-1 with Enterprise Zone Incentives Available
TAX ASSESSED at $40,000.
Highest bid over $15,000 will be confirmed.
Directions: From Main St. turn onto South Bridge St. Then Right on West Washington St to property on the right.
Terms: 10% deposit on Real Estate on the day of the sale, balance due at closing within 30 days. Possession at closing. 10% Buyer’s Premium on Real Estate added to the high bids to determine final contract sales price.
Preview Dates: Wednesday, January 9th & 16th 12:00-1:00PM
Sale Managers: George McDaniel (434) 546-9235 & Bill Bryant (434) 525-2991
Please visit the Economic Development web page for additional information regarding incentives associated with these properties: https://www.bedfordva.gov/160/Economic-Development
Terms and Conditions
10% deposit on Real Estate on the day of the sale, balance due at closing within 30 days. Possession at closing. 10% Buyer’s Premium on Real Estate added to the high bids to determine final contract sales price.
