LIVE AND ONLINE - 1.5 Acres with House & Commercial Building in Floyd VA for Sale at Auction!

Start Bidding:

8/30/2016 3:00:00 PM ET

End Bidding:

10/8/2016 10:00:00 AM ET

Event Date:

10/8/2016 10:00:00 AM ET

Address:

509 East Main Street
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    1.5 Acres with House & Commercial Building in Floyd VA for Sale at Auction!

    Real Estate

    For complete information you can download bidder packet here: bidder packet there will be an auction of 1.5 acres with a home and commercial building
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    1.5 Acres with House & Commercial Building in Floyd VA for Sale at Auction!

    Real Estate

    For complete information you can download bidder packet here: bidder packet there will be an auction of 1.5 acres with a home and commercial building
  • alt=

    1.5 Acres with House & Commercial Building in Floyd VA for Sale at Auction!

    Real Estate

    For complete information you can download bidder packet here: bidder packet there will be an auction of 1.5 acres with a home and commercial building
  • alt=

    1.5 Acres with House & Commercial Building in Floyd VA for Sale at Auction!

    Real Estate

    For complete information you can download bidder packet here: bidder packet there will be an auction of 1.5 acres with a home and commercial building
  • alt=

    1.5 Acres with House & Commercial Building in Floyd VA for Sale at Auction!

    Personal Property

    Quantity : 1

    Personal Property to be sold Saturday October 8th immediately after the real estate sale at 10 AM. This Portion of Sale is Live Only. Large collecti more...
There will be an auction of 1.5 Acres with a home and commercial building located in the Town of Floyd. The Auction will be live and online. Online bids may be placed prior to Auction and on the day of Auction. The Auction will take place at 10 AM on Saturday, October 8th. The Auction will be held at 509 East Main Street in Floyd, VA. A Description of each property being offered can be seen below. There will be 4 tracts offered and personal property. Real Estate will be sold first followed by personal property. Real Estate will be offered in individual tracts then offered in combination.

Preview Date will be Friday September 30th from 2 - 4 PM.



Terms and Conditions. For a full explanation of the Terms and Conditions for this Auction, you may download the Bidder Packet which also has property information, and maps. Real Estate will be sold Absolute regardless of price, which means there is no reserve. Winning bidder(s) will be required to make a 10% Earnest Money Deposit, Sign a Real Estate Purchase Contract, and Close on Property within 30 days. A 10% Buyer’s Premium will be added to winning bid(s) to arrive at final contract price. For Example, if a winning bid were $100,000 then the final contract price would be $110,000. Using the same example, $11,000 would be made for an Earnest Money Deposit.

Tract 1 - Tax Map # 55A2-1-T-1; Parking lot on the corner of Barberry Road and East Main Street; .231 Acres.

Tract 2 – Tax Map # 55A2-1-T-2; Woods Funeral Home on approximately .356 Acre; Brick Building with approximately 5,868 Square Feet built around 1940, building has a heat pump, sitting rooms, 1.5 baths on the main level, 2 bedrooms, kitchen, and bath in upstairs apartment, a partial basement, and three car attached garage. There is also another garage located aside the building. This building is located in the Town of Floyd and would be a good building for a restaurant, service business, and other commercial uses. Town Water and Sewer. Located at 509 East Main Street, Floyd VA.

Tract 3 – Tax Map # 55A2-1-T-3; 2,142 Square Feet, 2 Story Home on .483 Acre; Aluminum Siding, 2.5 Baths, 3 Bedrooms, built around 1900; This home would be a good rental property or commercial property. Town Water and Sewer. Located at 511 East Main Street, Floyd VA.

Tract 4 – Tax Map # 55A2-1-T-4A; .452 Acre Building Lot which fronts on Barberry Road.

Refer to survey for entire property layout. Property information such as Maps, Floorplan, Terms & Conditions, Zoning, Tax Cards, etc can be found in the bidder packet. Click Here to Download: BIDDER PACKET

For more information please contact Matt Gallimore – Broker/ Auctioneer or Mauyer Gallimore Broker / Auctioneer with United Country Blue Ridge Land and Auction.

TERMS:

For a full explanation of the Terms and Conditions for this Auction, you may download the Bidder Packet which also has property information, and maps. Real Estate will be sold Absolute regardless of price, which means there is no reserve. Winning bidder(s) will be required to make a 10% Earnest Money Deposit, Sign a Real Estate Purchase Contract, and Close on Property within 30 days. A 10% Buyer’s Premium will be added to winning bid(s) to arrive at final contract price. For Example, if a winning bid were $100,000 then the final contract price would be $110,000. Using the same example, $11,000 would be made for an Earnest Money Deposit.

ONLINE BIDDER REGISTRATION Online Bidders will be required to send certified funds in the amount of $5,000.00 USD to the Auction Company immediately after they register online. This deposit will be held in Auction Company’s Escrow Account. Deposit will be applied to purchase price if Online Bidder is a winning bidder. Deposit will be returned to Online Bidder if they are not a winning bidder.

OFFERING AND GROUPING – Each Tract, Tracts # 1 through # 4 will be offered individually first in the order determined by Auctioneer. Grouping will be offered with a 5% increase. For example, if the sum of all four tracts equals $500,000 then the starting bid for all four tracts will be $525,000. In order to group and bid on any combination of groupings, a bidder must be the high bidder on at least one tract. Grouping will not be allowed where an upset bid takes a single tract from another bidder leaving a bidder with only a portion of what they are the high bidder on. Grouping requests will need to include all tracts of another high bidder. For example, if Bidder # 1 groups Tracts # 1 and # 2, Bidder # 2 will not be able to group Tracts # 2 and # 3 only. Bidder # 2 will be required to group Tracts #1, #2, and #3 so that Bidder # 1 will not be left with Tract # 1 only. Groupings will not be available online. Winning Online Bidder(s) who wish to group or combine tracts will need to proxy bid by phone during grouping segment of auction because the online bid platform will not be active for grouping.

DOCUMENTS:

Questions? Contact Us!

Matthew Gallimore

(540) 745-2089

gallimore.matt@gmail.com

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