SOLD PRIOR TO AUCTION
PROPERTY LOCATION
903 Buchanan St
Lynchburg, VA 24501
AUCTION LOCATION
SOLD PRIOR TO AUCTION. Auction cancelled.
Residence Inn (next to River Ridge Mall)
2630 Wards Rd, Lynchburg, VA 24502
Online and phone bidding also available.
DETAILS
- Selling on the behalf of the Gary Vaughan Estate
- 903 Buchanan Street near Downtown Lynchburg, VA (formerly Bubbles Wrecker Service)
- 1800 sq.ft commercial building/service garage with 2 drive-in bays, 2 baths, reception & office area
- Built in safe.
- Convenient location next to the Kemper train station and the Lynchburg GLTC main station. Also convenient to Lynchburg General Hospital and Downtown Lynchburg.
- Easy access to Lynchburg Expressway via Kemper Street.
- 0.21 acre lot with approx. 4000sq.ft of paved space
- Corner lot with 121 ft of frontage on Langhorne Ave and 77ft frontage on Buchanan St
- Tax parcel 01056001
- Zoned B-5 General Business
- Tax Assessed at $78,000
- Public water & sewer
- Ideal for small business, garage, shop, or re-purpose
DIRECTIONS TO PROPERTY
- From the River Ridge Mall / Candler's Mountain Rd area, take Lynchburg Expressway (US-29 North) 3mi to Kemper St exit. Once on exit ramp, stay in left lane and turn left onto Kemper St. Stay in left lane and continue to intersection of Kemper and Park Ave. RIGHT on Park Ave to LEFT on Buchanan St. Building on left.
AGENT ON SITE
Agent will be onsite to provide information and answer questions on the following dates:
- Thur, Feb.08 from Noon-1PM
- Tues, Feb 20 from 10AM-1PM
- 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 seller confirmation. 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 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.
