94 Acres in Madison Heights

PROPERTY LOCATION

Pinecrest Dr
Madison Heights, VA  24572
Amherst County

AUCTION LOCATION

Homewood Suites by Hilton
4021 Wards Rd, Lynchburg, VA 24502
Online and phone bidding also available.

DETAILS

• Special Commissioner Auction of 94 acres on Pinecrest Dr in Madison Heights, VA
• Great opportunity to build a home or two, have a small farm, and hunt yet still be convenient to town.
• Convenient location!  Near plenty of shopping, dining, and entertainment in Madison Heights and Downtown Lynchburg. Easy access to Lynchburg Expressway and the US-29 Bypass.
• Property consists of (2) tax parcels on either side of Rt.210
  • Tract A: 50.026 acres (tax map # 161-A-55)
    North of highway (fronts Rt.210 West) with frontage along Pinecrest Dr.
    Zoned R-1 Limited Residential District.
    Has some open land and several potential building sites
  • Tract B: 44.048 acres (tax map # 161-A-54)
    South of highway (fronts Rt.210 East)
    Created when property was conveyed for the right-of-way of Rt.210. According to survey dated 04/22/2020 by Cardinal Survey & Design, surveyor was not aware of any provision for access to this tract.
    Zoned R-3 Multi-Family Residential District.
    Nicely wooded tract with walking trail along scenic stream. Great hunting tract!
  • Property will be sold AS A WHOLE and not in tracts
• Approx. 73 acres of merchantable timber (pine, poplar, white oak, red oak, beech, hickory, red maple). Timber cruise available.
• Williams Run Creek, a scenic rocky stream, flows through both tracts
• Public sewer line follows Williams Run providing a nice walking trail along the creek
• Public water line along Pinecrest Dr to property
• 1,207' of frontage along the western edge of Pinecrest Dr
• Just 3 miles from the James River (Riverfront Park & Percival's Isle on the Lynchburg side and Riveredge Park on the Amherst County side)
• 3 miles to Downtown Lynchburg shopping, dining, and entertainment
• Ideal for residential, small farm, hunting, and recreation

DIRECTIONS TO PROPERTY

• Take US-29 Madison Heights. Take the VA-210W exit. VA-210W 2.3mi [note: at approx. 1.4mi mark you will be passing property on right and left]. RIGHT on Wright Shop Rd. 1mi to RIGHT on Pinecrest Dr. 0.6mi to property (just after 314 Pinecrest Dr). Continue along Pinecrest to end of state maintenance. Property access is through gate.
• From Downtown Lynchburg, take Lynchburg Expressway / US-29N Business across James River half mile to VA-210 exit. RIGHT on VA-210E. 1/4mi to LEFT on Wright Shop Rd. 1mi to RIGHT on Pinecrest Dr. 0.6mi to property (just after 314 Pinecrest Dr).  Continue along Pinecrest to end of state maintenance. Property access is through gate.
• For GIS, property is just past 314 Pinecrest Dr, Madison Heights, VA

AGENT ON SITE

Agent will be at the beginning of the property just after 314 Pinecrest Dr to provide information and answer questions on the following dates:

• Thur, Jan.11 from Noon-2PM
• Thur, Jan.18 from Noon-2PM
• Thur, Jan.25 from Noon-2PM
• Other days/times available by appointment. Call 434-847-7741

TERMS SUMMARY

• 10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. Sale subject to court approval. Click on "Terms" tab for full terms and conditions.

Terms: Property sells "AS-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 at 11:30AM day of sale. You may also pre-register on our website or phone app.  Deadline for phone and online bidding registration is 6PM EST on the day prior to the auction. A valid form of identification (i.e. driver's license) may be required to register onsite or online.

Online Bidding: Online bidding is available for your convenience. However, due to the technical nature of online bidding, bidder acknowledges that this service may or may not function correctly the day of the auction. Torrence, Read, & Forehand Auctions will not be responsible for missed bids from any source. Online bidders who desire to make certain their bid is acknowledged should use the prebidding function and leave their maximum bid 24 hours before the auction begins. Winning bidders will be notified by email and/or phone and receive instructions for signing the Contract of Purchase (must be returned within 24 hours) and submitting the Deposit (see below).

Announcements: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.

Approval: High bid subject to court approval.

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. Online bidders may overnight deposit or wire transfer funds so it is received within 2 business days.

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.