PROPERTY LOCATION
S Main St between Fulton Heights and Updike Pl (next to 1610 S Main St)
Danville, VA 24541
AUCTION LOCATION
Live public auction held at:
The Institute for Advanced Learning & Research
150 Slayton Ave, Danville, VA
Online and phone bidding available with advanced registration (at least 24 hours prior).
DETAILS
Selling for the U.S. Bankruptcy Court.
- 4.84 acres fronting on 3 roads including S Main St, Fulton Heights, and Updike Place
- Great commercial / investment opportunity with excellent frontage and visibility on S Main St near Food Lion and Dollar General
- Consists of 4 tax parcels (75861, 75860, 77624, 75922)
- 2 parcels (~3.5 acres) zoned HB Highway Business & 2 zoned UR Urban Residential
- Previously listed for $350,000
- Conveniently located just off the Danville Expressway (US-29, US-58) near the hospital, Averett University, Caesars Casino, and much more.
DIRECTIONS TO PROPERTY
- From the North: take US-29 South to Danville. Take the VA-86/S Main St exit toward Yanceyville/Chapel Hill. Merge onto S Main St and property will be on the right (corner of S Main and Fulton Heights).
PREVIEW DATES
An agent will be at the property on the following days.
- Friday, July 24 from Noon-2PM
- Private showings are available by appointment. Call Mike at 434-847-7741
- Self-guided tours ok anytime during daylight hours
TERMS SUMMARY
5% buyer's premium. 10% deposit. Closing on or about 30 days. High bid subject to Bankruptcy Court approval. Click on "Terms" tab for full terms and conditions.
CONTACT
Mike Torrence
Torrence, Read, & Forehand Auctions
101 Annjo Ct, Forest, VA 24551
(434) 847-7741 Office
(434) 660-5159 Mobile
mike@trfauctions.com
or
Micah Torrence
(434) 610-3182
micah@trfauctions.com
US Bankruptcy Auction: 5 Acre Corner on S Main St, Danville, VA
Auction Site: Live auction held at the Institute for Advanced Learning & Research, 150 Slayton Ave, Danville, VA. Online bidding also available.
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. See listing for auction location. 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 court approval.
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 Seller.
