PROPERTY LOCATION
14-17 Short St
Lynchburg, VA 24502
AUCTION LOCATION
Live auction at:
Homewood Suites by Hilton
4021 Wards Rd, Lynchburg, VA
Online and phone bidding available.
Prime Commercial Opportunity in Lynchburg
- 1.686 acres situated near the intersection of two primary commercial corridors - Wards Rd & Candlers Mountain Rd
- Located behind Arby’s and Popeyes and adjacent to Terry Auto Sales
- Convenient to Liberty University and River Ridge Mall
- Access off Candlers Mountain Rd via Short St
- Zoned B-5 General Business District
- Traffic Count Wards Rd: 23,000 VPD
- Traffic Count Candlers Mountain Rd: 14,000 VPD
- Public Water: 8” line
- Public Sewer: 8” line
- Natural Gas: Columbia Gas
- Power: AEP
- Consists of (4) tax parcels (11602013, 11602014, 11602015, 11602003) with a total assessment of $590,200
AGENT ON SITE
- Wed, May 24 from Noon-1PM
- Tue, June 6 from Noon-1PM
- Agent available other times by appointment
- Self-guided tours ok anytime during daylight hours
DIRECTIONS TO PROPERTY
- US-460 to Lynchburg. Take the Candlers Mountain Rd / US-501N exit. 1mi to RIGHT on Short St just past Terry Auto Outlet. Property straight ahead.
TERMS SUMMARY
- 10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. High bid subject to approval. Click on "Terms" tab for full terms and conditions.
Terms: Property sells "AS-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company.
Warranty: All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company.
Title: Seller will convey title by General Warranty Deed free and clear of all liens.
Registration: Bids will be accepted only from registered bidders. On-site registration begins at 11:30AM day of sale. You may also pre-register on our website or phone app. Deadline for phone and online bidding registration is 6PM EST on the day prior to the auction. A valid form of identification (i.e. driver's license) may be required to register onsite or online.
Online Bidding: Online bidding is available for your convenience. However, due to the technical nature of online bidding, bidder acknowledges that this service may or may not function correctly the day of the auction. Torrence, Read, & Forehand Auctions will not be responsible for missed bids from any source. Online bidders who desire to make certain their bid is acknowledged should use the prebidding function and leave their maximum bid 24 hours before the auction begins. Winning bidders will be notified by email and/or phone and receive instructions for signing the Contract of Purchase (must be returned within 24 hours) and submitting the Deposit (see below).
Announcements: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.
Approval: High bid subject to approval by Sellers.
Buyer's Premium: A 5% buyer's premium will be added to the high bid to determine the final sales price.
Deposit: Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check. Online bidders may overnight deposit or wire transfer funds so it is received within 2 business days.
Closing: Balance of Purchase Price shall be due at closing on or about 30 days after the sale.
Agency: The auction company and its representatives represent the sellers.
