Commercial Land for Auction in Madison Heights, Virginia

Commercial Land for Sale in Amherst County, VA

You don't want to miss this prime commercial property that is for sale in Madison Heights, VA. This +/- 1.1937 acre property is located on Business 29 just south of the Business 29 and Highway 130 intersection, with great visibility. It is 4 tax parcels, but is being offered as one offering. It is located in a high traffic area between 4123 and 4129 S. Amherst Highway with a daily traffic count of over 29,000. Property has access to natural gas, public water and sewer. According to Amherst County Service Authority, the cost for water and sewer hook up is $10,950 subject to increase. Amherst County Service Authority can be reached at (434) 845-1605. Columbia Gas of Virginia will hookup once you contact them and fill the application out. See application in Bidder Packet. There is a gravel entrance on the north corner. With the B-2 General Commercial District Zoning, this lot would be ideal for retail, office space, or light industrial development. Sheetz, Food Lion, Walmart, Pizza Hut, a car wash, a storage facility, and several other businesses are all within close proximity of the property. Property is within a few minutes of Lynchburg, Timberlake and Forest, VA. Don't miss your chance to secure this prime piece of commercial real estate in a thriving area!

Online Auction Ends Wednesday, October 30th at 4 PM

TBD S. Amherst Hwy., Madison Heights, VA 24572

Click Here for Bidder Packet

Click Here for Interactive Map

Click Here for Property Video

Click Here for VDOT Traffic Count

Click Here for Zoning

Click Here for Amherst County Service Authority

Click Here for Columbia Gas of Virginia Website

CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com.

DIRECTIONS: From Lynchburg/Madison Heights - take US-29 BUS N towards Amherst. Property is on the right, just past Walmart. 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, and restrictions. Some of the plats in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well.

SOFT CLOSE: If a bid is received within the last 2 minutes of the auction or after 4 PM, 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.

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 Referral Fee of 2% of the high bid is offered to a cooperating VA State Licensed Real Estate Salesperson/Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided. Download Bidder Pack for Online Bidder's Agreement, maps, sample contracts, and property information.

TERMS & CONDTIONS: 10% Buyer's Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 is required on the day of sale. Close on or before December 16th, 2024. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 4 PM on October 30th, 2024. 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 for every bid placed. 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, purchase contract and maps.