Commercial Building Site for Sale at Auction
Don't miss the opportunity of a lifetime! We are thrilled to present a premier commercial property being sold at auction. Located strategically just off Interstate 81 at Exit 84, this expansive property in Max Meadows VA is a game-changer for businesses. Located near Fort Chiswell, Pulaski, Dublin, and Wytheville, VA. Don't miss this chance to secure a strategic commercial property with incredible potential. There is no zoning or restrictions on either offering. Whether you're an investor, developer, or business owner, this auction is your ticket to a prosperous future! This is known as Offering #2.
Online Auction Ending Friday, October 27th at 3 PM
Offering #2 – TBD Coleman Rd., Max Meadows, VA 24360
Offering #2 – 13.77 ac
This property features 13.77 acres with exceptional visibility from Interstate 81 and Coleman Rd. Public water and sewer connections are in place streamlining your business development process. 3-phase power is available on-site. Property would be great for a truck stop, travel center, retail hub, manufacturing, or development.
ONLINE BIDDING: Online bidding is now active and runs through 3 PM on October 27th, 2023. SOFT CLOSE.
DIRECTIONS: From Wytheville VA – take I81 N towards Roanoke VA for approximately 12 miles, to a right onto Exit 84. Take a left, cross over I-81, then turn right onto E Lee Hwy. Property fronts on E Lee Hwy and Coleman Rd. See signs.
BIDDER PACK: Download Bidder Pack for complete information on each offering. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, property information etc. Some of the surveys and maps in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack.
**Note - aerial maps in bidder packet show that the property is wooded with buildings located on the property; however, property has been cleared since aerial was taken**
SOFT CLOSE: If a bid is received within the last 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants.
SIMULTANEOUS CLOSE OF LOT BIDDING: Bidders desiring more than one offering will need to be high bidder on all offerings desired. Each offering will stay open until all bidding is complete, and all offerings will close simultaneously.
BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyer’s Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000). Buyer’s Premium is not due until closing.
PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance. A Broker Fee of (2%) is offered to a cooperating VA State Licensed Real Estate Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.
TERMS AND CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $50,000 per offering required on the day of the sale. Close on or before December 11th, 2023. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence. Tracts are being offered individually and if bidder wishes to purchase multiple tracts, bidder will need to be the high/winning bidder on both offerings. Auction starts ending at 3 PM on October 27th, 2023. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet, and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, property information, purchase contract and maps.