342 Acres on US-58 near Danville

Danville, VA
ABSOLUTE

PROPERTY LOCATION

Martinsville Hwy (US-58)
Cascade, VA 24069
Pittsylvania County

AUCTION LOCATION

Live auction held off-site at:
The Institute for Advanced Learning and Research
150 Slayton Ave
Danville, VA  24540
Online and phone bidding available.

DETAILS

  • Tons of potential on US-58
  • Part of the renowned Grant estate once owned by Mrs. E. Stuart James Grant, former owner of the Danville Register & Bee and great granddaughter of J.E.B. Stuart
  • Nearly a mile (4,830') frontage on US-58 with public water available providing excellent potential for current or future development
  • Use the front for business and the back for fun!
  • Highway frontage offers (3) existing entrances and (2) crossovers. The rear of the property can be accessed off Peach Orchard Rd.
  • Extensive road and trail network throughout the property
  • Mostly wooded with a few small clearings
  • 4 acre stocked lake with remnants of stone boat house
  • Beautiful stream
  • Ideal for hunting, fishing, 4-wheeling, timber investment, residential and commercial development, and more
  • Pittsylvania Co. parcels 1349-33-2695 & 1349-43-8879
  • Sells absolute to the highest bidder(s)

Offered in 3 Tracts & As A Whole

  • Tract 1: +/-64 Acres. Approx. 2,380' of road frontage on US-58.  Scenic stream.  Great hunting, recreational, and investment tract with easy access.
  • Tract 2: +/-170 Acres with Lake. Approx. 1,770' of road frontage on US-58.  Additional access off Peach Orchard Rd.  Includes 4 acre lake and plenty of trails.  Great hunting, fishing, recreational, and investment tract. Beautiful potential building sites around the lake.
  • Tract 3: +/-108 Acres. Approx. 680' of road frontage on US-58 with additional access off Peach Orchard Rd. Great hunting, recreational, and investment tract with plenty of trails.

AGENT ON SITE (use Peach Orchard Dr access - see Directions)

  • Sun, Aug.1 from 12-5PM. ATV tour by appt (see link above).
  • Wed, Aug.4 from 12-5PM. ATV tour by appt (see link above).
  • Wed, Aug.11 from 12-5PM. ATV tour by appt (see link above).
  • Sun, Aug.15 from 12-2PM. 
  • Self-guided tours ok anytime.  There is an extensive network of trails throughout the property so be sure to take an aerial (available on our website) with you.

DIRECTIONS TO PROPERTY

  • From Danville, US-58W 7mi to property on right. Continue to next RIGHT on Martin Dr (Rt.855). 1mi to RIGHT on Peach Orchard Dr (Rt.851). 0.8mi to entrance road on right (at cemetery).  0.4mi to property on right.  Open houses will be conducted from this point.
  • From Martinsville, US-58E 7mi to property on left. Make u-turn and take next RIGHT on Martin Dr (Rt.855). 1mi to RIGHT on Peach Orchard Dr (Rt.851). 0.8mi to entrance road on right (at cemetery). 0.4mi to property on right. Open houses will be conducted from this point.

TERMS SUMMARY

  • 10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. 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 11:30 AM 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.