PROPERTY LOCATION
1704 12th St
Lynchburg, VA, 24501
AUCTION LOCATION
Homewood Suites by Hilton
4021 Wards Rd, Lynchburg, Va 24502
Online and phone bidding also available.
DETAILS
- Incredible 1.296 acre lot fronting Kemper St, 12th St, and 13th St with great access from all (3) streets
- Formerly Glenn A Trent Towing & Recovery and Glenn Trent Tire Service
- 15,055 sq.ft. shop originally built in 1920 with several additions. Building is in poor condition.
- 4,840 sq.ft. tire service center built in 1972 offers brick facade, shop w/ (4) drive-in bays, offices, and is currently leased to 12th Street Car Wash
- Large, paved lot with (3) canopies
- Convenient to Downtown Lynchburg and the Lynchburg Expressway (US-29) interchange
- Located within the City of Lynchburg's Enterprise Zone
- Served by public water and sewer
- Zoned I-2 Industrial
- Phase 1 and 2 environmental reports for the site have been completed by Hurt & Profitt. Call for details.
- City of Lynchburg tax parcel #02601010
- Tax assessed for $702,500. Previously listed for $525,000.
- This is a foreclosure auction. Property will sell to highest bidder. Lender reserves the right to bid.
DIRECTIONS TO PROPERTY
- From the River Ridge Mall / Candlers Mountain Rd area, take Lynchburg Expressway (US-29 North) 3mi to Kemper St exit. Once on exit ramp, stay in left lane and turn left onto Kemper St. Stay in left lane and continue 1/2mi to property on right.
AGENT ON SITE
- Tue, Nov.21 from Noon-1
- Tue, Nov.28 from Noon-1
- Mon, Dec.4 from Noon-1
- Other days available by appointment
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. Lender reserves the right to bid. 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 Special 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 by 5PM EST day of sale) 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 will sell to the highest bidder. Lender reserves the right to bid.
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.
