238 Lee Highway, Verona, VA 24482 - Augusta County

This sale offers great investment opportunity. The 137+/- acre boundary is located in the business district of Verona only 1.2 mi from I-81, Exit 227 and less than 3 miles from Exit 225. The property has frontage on U.S. Rt. 11 and access from several state roads. It is located in close proximity to the Augusta County Government Center as well as restaurants, national and local retailers, financial institutions, medical offices, an industrial park, and other businesses. The most recent report from VDOT (2012) reflects 15,000 and 14,000 average vehicles per day on U.S. Rt. 11 at Rt. 262 (Woodrow Wilson Dr.) and Rt. 612 (Laurel Hill Rd.), respectively. The property adjoins both commercial and residential properties.

Property Will Sell at Highest Bid over $850,000!

Tract 1: This 1.9+/- acre parcel has frontage on Rt. 11. It is cleared gently sloping lot that is zoned GB, General Business. There is a center turn lane in front of the property.

Tract 2: Access to this 22.4+/- mostly wooded tract is from Rt. 11, Middle River Drive and Mountain View Drive. The parcel is improved with a four bedroom farmhouse. There is a spring on this tract.

Tract 3: This 113.4+/- acre parcel is mostly wooded. Access is from Beverley Street and Augusta Street. Minimal clearing would produce spectacular views.

The property is identified as Augusta County Tax Map Parcels 46A(4)2 and 46A(4)41 and has a current assessed value of $999,452 of which $928,000 is attributed to the land and $71,452 is attributed to improvements. Public water and sewer are available.

Preview Dates:

Fridays November 8 & 15, 2-4 PM

Auctioneers will be at Tract 2 - 238 Lee Hwy., Verona, VA 24482