Store at Philpott Lake for Sale at Auction!

Commercial Building located in Henry County, VA will be offered at auction on Thursday April 28th at 11 am. This property is the former Rakes Sporting Center. The building has approximately 2,900 Square feet of retail area on 1.02 Acre. The property is set up for a Convenience Store with grill, deli, bait, and tackle shop with boat and engine repair. Gas pumps and garage area in addition to the 2,900 Square Feet of Store. There’s plenty of parking area and property is highly visible from Highway 57. Family Dollar is directly across Highway 57 from this property that will be offered at Auction. This store is just over 1 mile from Philpott Lake and Marina. Property is located at 29 Philpott Dam Road, Bassett VA which is at the corner of Highway 57 and Philpott Dam Road.

Preview Date Thursday April 21st from 5-7 PM.

General Terms are 10% Buyer’s Premium, 10% Earnest Money Deposit, Property being sold “As-Is” and subject to seller confirmation, and Purchaser must close within 45 days.

There will be a preview on Thursday, April 14th from 4-6 pm. Or you can contact Johnny Lambert with United Country Lambert Realty at 276-952-5502 for entry.

Property is hooked into public water and private septic, however, public sewer is available and ready to be hooked into.

For Property and Auction details you can download bidder packet or request one by emailing or calling Auction Company. Bidder Packet includes Maps, Gas Pump Information, Building Sketch and Information, Tax Records, Terms of Auction, and Purchase Contract. Property is zoned B1. Purchasers are expected to complete their own due diligence for potential uses, and building condition.

Directions to property – From Martinsville, VA take 220 Business North to 57 West through Bassett. Property is on the Corner of Highway 57 and Philpott Dam Road across from Family Dollar. From Stuart, VA take 57 East towards Martinsville, VA and Bassett, VA and take left on Philpott Dam Road before Bassett, VA and after Fairystone Park.

This Commercial Building and potential Convenience Store is about 1 mile from Philpott Lake and Marina, and within 30 minutes of Martinsville, VA and Stuart, VA

Property is being sold "AS IS" and buyer is responsible for their own due diligence in regards to use, condition of property and condition of underground gas pumps. Gas pumps were inspected and documents are included in the bidder's packet.

For more information contact Matt Gallimore Auctioneer and Broker for United Country Blue Ridge Land and Auction 540-239-2585 or Johnny Lambert Broker for United Country Lambert Realty 276-952-5502.