Lakeside Plaza Office Condos

Lynchburg, VA
ABSOLUTE

PROPERTY LOCATION

2250 Murrell Rd
Lynchburg, VA 24501
Lakeside Plaza Office Complex
Building B - Units B4, B5, B6

AUCTION LOCATION

Live auction held on-site at:
2250 Murrell Rd
Lynchburg, VA
Online and phone bidding also available.

DETAILS

  • Great location at the intersection of Lakeside Dr and Murrell Rd across from the Plaza Shopping Center
  • Just minutes from Lynchburg General Hospital, EC Glass High School, and the University of Lynchburg
  • Includes the entire lower level of Building B in the Lakeside Plaza Office Complex consisting of (3) 1,200 sq.ft. office condo suites totaling 3,600 sq.ft.
  • Can be used as combined space or as separate units.
  • Zoned B-3
  • Suite B4: reception, 5 offices, storage, wash station, restroom
  • Suite B5: reception, 4 offices, storage, ADA restroom
  • Suite B6: reception, 3 offices, conference, wet bar, restroom
  • Each unit has its own entrance, restroom, utility room, heat pump, electric panel, hot water heater
  • Vinyl wood grain flooring throughout
  • Acoustic tile ceilings with fluorescent lighting
  • Paved parking lot
  • Association dues are $200/month per unit which covers exterior and common area maintenance, snow removal, insurance, water/sewer, and trash disposal¬†
  • Tax assessed at $287,700 ($95,900 each)
  • Previously listed for $305,000
  • Sells ABSOLUTE to the highest bidder(s)

DIRECTIONS TO PROPERTY

  • From Lynchburg: take US-29N/Lynchburg Expy toward downtown. Take the Kemper St exit to LEFT on Kemper. Continue onto Park Ave. Half mile to intersection with Memorial Ave. Cross Memorial onto Lakeside Dr. 0.3mi to RIGHT into parking lot. Building B will be on left.

AGENT ON SITE

  • Tuesday, Aug.2 from Noon-2PM
  • Thursday, Aug.11 from Noon-2PM
  • Day of sale beginning at 11AM
  • Or by appointment. Call 434-847-7741

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 11:30AM 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.