Great opportunity in Lynchburg!
- 8 tax parcels totaling 35 acres, more or less
- Fronts on Kemper St plus frontage and/or access points on several additional streets and paper streets
- Ideal for residential, commercial, and/or industrial development
- Tier 1 Certified Site in accordance with the Virginia Business Ready Sites Program Standards with an estimated commercial buildout potential of 280,000 sq.ft.
- Zoning is a mix of R3 Medium Density Residential and I2 Light Industrial
- Long railroad frontage
- Water, sewer, and natural gas available
- Convenient access to US-29, US-460, and US-501
- Property will be offered as a whole
- Last listed for $495,000. Sells at auction to highest bidder.
DIRECTIONS TO PROPERTY
- From Lynchburg, take the Lynchburg Expressway (US-29N Bus) to the Kemper St exit. RIGHT on Kemper to 1st LEFT on Holliday St. Property on right and left.
- From US-460, take the Campbell Ave exit and take Campbell Ave (US-501N Bus) 2mi to RIGHT on Holliday St. Property on right and left.
DIRECTIONS TO SALE SITE
- The Meeting Place, 105B Tradewynd Dr, Lynchburg, VA
- From Lynchburg, US-221 to LEFT on Enterprise Dr. 1mi to LEFT on Tradewynd Dr (across from The Summit). Take two RIGHTS to enter parking lot. Unit 105B is on the right.
REAL ESTATE AGENTS: 2% Commission Available
A 2% commission will be paid at closing to any broker licensed in Virginia whose agent properly registers a successful high bidder. Broker Registrations must be received by 24 hours prior to auction.
Terms:
Property sells “AS-IS”, "WHERE-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company.
Warranty:
All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company.
Title:
Seller will convey title by Special Warranty Deed free and clear of all liens.
Registration:
Bids will be accepted only from registered bidders. On-site registration begins one hour prior to the sale. Please bring a valid form of identification (i.e. driver’s license). Online bidders please register at least 24 hours prior to the auction to allow for the approval process.
Announcements:
Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.
Online Bidding:
We prefer you or a representative bid in person or by phone. Online bidding is provided as a convenience. The Auction Company is not liable for technical difficulties that may affect or prevent your bidding.
Buyer’s Premium:
A 5% buyer's premium will be added to the high bid to determine the final sales price.
Deposit:
Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check.
Approval:
High bid is subject to court approval.
Closing:
Balance of Purchase Price shall be due at closing on or about 30 days after the sale.
Agency:
The auction company and its representatives represent the sellers.
