Potential Investment Property for Sale in Blacksburg VA!

Potential Investment Property for Sale in Blacksburg VA!

You have the opportunity to purchase this great property for sale in Blacksburg VA. The property features 26.9 acres of prime land for sale next to the Blacksburg Country Club. North Fork Roanoke River runs through the middle of the property, making it a very serene and peaceful setting. There is an old farmhouse on the property which could be fixed up or removed. This property is in a prime location next to the golf course and just a short drive from the town of Blacksburg VA, Christiansburg VA and Virginia Tech! The property is currently zoned A-1 agricultural. See bidder pack for details. The property is accessible on Lusters Gate Rd and Arrington Rd. The surrounding neighborhood is quiet and peaceful, making this an ideal location for farming, building your dream home, subdividing or for potential commercial use. Survey in progress, acreage may change.

Online Only Auction Ending Thursday March 17^th @ 4 PM
1524 Lusters Gate Rd, Blacksburg VA 24060

Click Here for Property Video
Click Here for Interactive Map
Click Here for Bidder Pack

Online Bidding – Online bidding is now active and runs through 4 PM on March 17^th 2022

Directions – From Christiansburg - Head northeast on W Main St toward S Franklin St - Take Ellett Rd NE approximately 6 miles - Left onto Lusters Gate - Property on right, before clubhouse drive.

General Terms and Conditions –   10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $20,000 required on day of sale (March 17^th 2022). Close on or before May 2^nd 2022. Subject to seller confirmation.  Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence. Auction starts ending at 4 PM on March 17^th 2022. 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. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.

Contact – Broker & Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.matt@gmail.com ; Levi Cox Realtor at 540-230-7162 or email LeviCox87@gmail.com 

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 of 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 Buyer’s Broker Fee of (2%) is offered on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.