391 Main Street, Madison Heights, VA 24572 - Amherst County

REAL ESTATE AUCTION: 2 Properties (Madison Heights, VA)

DATE: Friday, July 12, 2019

TIME: 12:00 PM

AUCTION SALE SITE: 3739/3747 S. Amherst Hwy, Madison Heights, VA 24572

AUCTION INFORMATION:

Property #1 --

A 2,114 house and a 3,244 commercial building on 2.461 acres located on the corner of S. Amherst Hwy (Rt. 29 Bus) and Dixie Airport Road. We will be selling as one tract of land. The tax map numbers are 148-A-1, 148-A-6A, and 148-1-A. The property is ideal for a commercial location. It is zoned commercial/industrial. The property is located on the corner of S. Amherst Hwy (Rt 29 Bus) and Dixie Airport Rd. There is a traffic light on the corner and the property has 296 of frontage on S. Amherst Hwy as well as 474 of frontage on Dixie Airport Rd.

The 2,114 house is currently being rented. It has 3 bedrooms, 1.5 baths with county water and septic.

The 3,244 commercial building is currently vacant. It has an open floor plan with ceiling heights varying from 12 to 14. This building has a full bath. It also has a propane furnace as well as 4 entry doors and plenty of paved parking. It is also on county water and septic. County sewer is available on the rear of the property.

PREVIEW DATES: Tuesday 6/25, Friday 6/28 and Tuesday 7/9 (12:00-1:00 PM). Other times by appointment

Property #2 --

This house has been designed for rental as two apartments. Tax assessment: $75,800.

The downstairs area is listed as 391A and has 4 bedrooms, 2 bathrooms, a living room, kitchen, and den. Previously rented at $600/mo.

The upstairs area is listed as 391B and has 2 bedrooms, 1 bathroom, a living room, and a kitchen. Previously rented at $450/mo.

Both are currently vacant.

PREVIEW DATES: Tuesday 6/25, Tuesday 7/9 (12:00-1:00 PM). Other times by appointment.

Terms: 10% deposit on due on the day of the auction, balance due at closing within 30 days. Possession at closing. 10% Buyers Premium added to the high bids to determine final contract sales price.