3 Auctions - 1 Location
AUCTION LOCATION
Institute for Advanced Learning and Research
150 Slayton Ave, Danville, VA
Online and phone bidding also available.
AUCTION #1
PROPERTY ADDRESS
1520 Franklin Turnpike
Danville, VA, 24540
Pittsylvania County
Auction held off-site at the Institute for Advanced Learning and Research, 150 Slayton Ave, Danville, VA
- Selling Absolute to the highest bidder(s)!
- 6.39 acres just outside the city limits of Danville
- Offered in tracts and as a whole
- Great business location on Franklin Tpk (Rt.41) across from the Hughes Center
- 17,000 vehicles per day traffic count
- Just 3/4 mile from the US-29 Business intersection
- Spacious, level lot with just over 500' of frontage on Franklin Tpk and 100' of frontage on Afton Rd
- Consists of (4) Pittsylvania County tax parcels: 2319-85-7366, 2319-85-6281, 2319-85-6366, 2319-85-7006
- Zoned B2 which is ideal for offices, retail, restaurant, churches, etc
- Public water to property. Public sewer along Afton Rd
- 4BR 3BA home on property is currently leased
DIRECTIONS TO PROPERTY
- US-29 to Danville. Take the E Franklin Tpk exit. 3mi to property on right.
- Sale held off-site at the Institute for Advanced Learning and Research, 150 Slayton Ave, Danville, VA
AGENT ON SITE
- Tue, Oct.10 from 3-4 PM
- Mon, Oct.16 from 3-4 PM
- Mon, Oct.23 from 3-4 PM
- Property is occupied so appointment only with 24 hour notice for viewing outside of scheduled preview times.
TERMS SUMMARY
- 10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. Property sells absolute to the highest bidder(s). Click on "Terms" tab for full terms and conditions.
AUCTION #2
PROPERTY ADDRESS
Parker Rd
Danville, VA, 24540
Auction held off-site at the Institute for Advanced Learning and Research, 150 Slayton Ave, Danville, VA
- Selling Absolute to the highest bidder(s)!
- 30.74 acres with frontage on Parker Rd, Sweetbriar Dr, and Koller St
- The property is close to Danville's top shopping destinations and even adjoins Coleman Marketplace Shopping Center (Home Depot, Target, Ross, Old Navy, Dick's Sporting Goods, Marshalls, etc)
- Zoned PSC Planned Shopping Center
- Approx. 670' of frontage on Parker Rd, approx. 370' on Sweetbriar Dr with culdesac entrance, and approx. 345' on Koller St
- Long creek frontage
- Majority in 20 year old planted pines with mature hardwood buffers along stream and Parker Rd
- Danville tax parcel id 73170
- Public water and sewer available
DIRECTIONS TO PROPERTY
- From the North (Lynchburg), US-29S to Danville. Take the US-29 Business exit toward Blairs/Danville. Take US-29S Business 7.6mi to RIGHT on Parker Rd. Continue to property on left OR first LEFT on Sweetbriar Dr to culdesac.
- From the South (Greensboro), US-29N to Danville. At US-58 interchange, continue onto US-29N Business. 5mi to exit for US-29N Bus / US-58 Bus onto US-29N Business / Central Blvd. 1.4mi to LEFT on Parker Rd. Continue to property on left OR first LEFT on Sweetbriar Dr to culdesac.
- Auction held off-site at the Institute for Advanced Learning and Research, 150 Slayton Ave, Danville, VA
AGENT ON SITE
- Agent will be at 1520 Franklin Tpk, Danville, VA on the following dates to provide information and answer questions about this property.
- Tue, Oct.10 from 3-4 PM
- Mon, Oct.16 from 3-4 PM
- Mon, Oct.23 from 3-4 PM
- Self-guided tours ok during daylight hours.
TERMS SUMMARY
- 10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. Property sells absolute to the highest bidder(s). Click on "Terms" tab for full terms and conditions.
AUCTION #3
PROPERTY ADDRESS
521 Bridge St
Danville, VA, 24541
Auction held off-site at the Institute for Advanced Learning and Research, 150 Slayton Ave, Danville, VA
- Originally built as a tobacco warehouse in 1935, this beautiful brick commercial building was updated in 2004 with modern electric and HVAC and offers office, warehouse, and manufacturing space. Most recently it served as the home of Luna NanoWorks, a division of Luna Innovations.
- Located in Danville's scenic River District close to The Crossing at the Dan, Carrington Pavilion, Danville Station, Science Center, Community Market, and River Walk
- 0.3285 acre lot zoned TWC Tobacco Warehouse Commercial District
- Property includes a private parking lot (20+ spaces) behind the building plus plenty of additional parking in adjoining public lot
- 23,184 sq.ft. over 3 floors (7,728 sq.ft. per floor)
- Fully functional modern elevator and staircases in the front and rear of the building
- Plenty of power with updated electric power center
- Sprinkler system
- Loading dock with 8' x 8' dock high roll up door
- Beautiful, massive wood beams and vintage brick throughout
- Property is in a stage of renovation and ready for you to complete to meet your needs.
- Great for office, retail, light manufacturing, condos, or apartments
- Tax assessed for $971,300. Previously listed for $950,000.
- Sells with a minimum bid of $500,000 or higher
LOCATION:
- Located in the popular River District overlooking the Dan River
- Short walk to The Crossing at the Dan complex featuring the Danville Science Center, Community Market, Amtrak Pepsi Building, Carrington Pavilion, and community park
- Adjacent to the popular Riverwalk Trail, an eleven mile paved walking trail along the river highlighted by the iconic Trestle Bridge that crosses the river near the property
- Across from Averett University’s Riverview Campus for Graduate & Professional Studies
- Plenty of nearby restaurants, breweries, shops, attractions, and more
- Convenient access to US-58 & US-29
DIRECTIONS TO PROPERTY
- US-29 to Danville. Take the US-58W Business exit toward Danville. 2mi to LEFT on Main St. Qtr mile to LEFT on Memorial Dr. Qtr mile to LEFT on Newton St to RIGHT on Bridge St. Property on left.
- Auction held off-site at the Institute for Advanced Learning and Research, 150 Slayton Ave, Danville, VA
AGENT ON SITE
- Tue, Oct.10 from Noon-2
- Mon, Oct.16 from Noon-2
- Mon, Oct.23 from Noon-2
- Other days available by appointment
- Agents: call for showing instructions
TERMS SUMMARY
- 10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. Sells to highest bidder with a bid of $500,000 or higher. Click on "Terms" tab for full terms and conditions.
AUCTION #1 & #2
#1) 6 Acres on Franklin Tpk & #2) 30 Acres behind Shopping Center
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: Property sells absolute to the highest bidder(s).
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.
AUCTION #3
#3) 521 Bridge St
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: Sells to highest bidder with a bid of $500,000 or greater
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.
