Brick Office/Retail Building on US-501

Bedford Co., VA


Live auction held on-site at:
1013 Mountain View Heights Rd
Big Island, VA  24526
Bedford County
Online and phone bidding also available.


  • Great brick retail/office building on the corner of Lee Jackson Hwy (US-501) & Mountain View Heights Rd
  • Formerly occupied by a credit union
  • Excellent visibility
  • 1,860 sq.ft. main level with 4 spacious offices, 1 restroom, large foyer, kitchenette, and covered drive-thru window
  • 1,700 sq.ft. partially finished lower level for a total of 3,560 sq.ft. of space
  • Paved parking lot with 20 marked spaces
  • Poured concrete foundation
  • Served by well and septic
  • 1.2 acre corner plus extra lots along Mountain View Heights Rd (18 parcels total)
  • Zoned C-2 with a few back parcels zoned AP
  • Previously listed for $209,000.  Sells absolute to the highest bidder!


  • Tues, May 17 from 12-2pm
  • Wed, May 25 from 12-2 pm
  • Wed, June 1 from 12-2 pm
  • Day of sale beginning at 11:30 am
  • Other times available by appointment 


• From Lynchburg: US-501N 11mi to Big Island. LEFT on Mountain View Heights Rd. Property on right.

• From Bedford: Rt.122N 17mi to RIGHT on US-501S / Lee Jackson Hwy. 0.7mi to RIGHT on Mountain View Heights Rd. Property on right.


10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. Property to convey by general warranty deed free and clear of all liens. Sells per deed, not by survey.  Sells to highest bidder. 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. Property conveys by deed, not by survey.

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.