18 Ac Development Opportunity near Smith Mountain Lake

Bedford County, VA


1074 Hickory Cove Lane
Moneta, Virginia 24121
Bedford County near Smith Mountain Lake


Live auction held next door at:
Ramulose Ridge Vineyards
3061 Hendricks Store Rd.
Moneta, VA 24121
Online and phone bidding available.

Being offered in 2 tracts and as a whole.

  • Minutes from Smith Mountain Lake, this wonderful property is perfect for your new home or residential development project
  • Over half a mile (2,906') of road frontage with public water and sewer available!
  • Road frontage is open, level and easily accessible
  • Zoned R2
  • 8 acres of beautiful hardwood forest
  • 2,584 sq.ft, 2BR, 1.5BA home plus vintage country store
  • Great location!
    • Minutes from Smith Mountain Lake
    • 2mi to Moneta/Food Lion Shopping Center
    • 3mi to Hales Ford Public Boat Ramp
    • (2) wineries within walking distance!

Tract 1: 16.702 Acres of Developable Land

  • With plenty of acreage, plenty of road frontage, water, and sewer, this tract is perfect for a builder/developer or someone looking for a premier building location
    • 16.702 acres with public water and sewer
    • 1,701' of nice, level road frontage with easy access
    • 8 acres of beautiful hardwood forest
    • Small creek
    • Directly across from Ramulose Ridge Vineyards

Tract 2: 2.089 Acres with Home and Vintage Store

  • Formerly Byrd's Store
  • 2,584 sq.ft, 2 bedroom, 1.5bath home was added in 1960
  • Property enjoys beautiful western views
  • 657' of road frontage on Hickory Cove Ln
  • 548' of road frontage on Radford Church Rd
  • Lots of great options for this corner parcel


  • Thursday, Feb 23 from 3-5pm
  • Sunday, Feb 26 from noon-2pm
  • Monday, Mar 6 from noon-2pm
  • Guided tours available other days available by appointment
  • Self-guided tours ok during daylight hours


  • From Hales Ford Bridge in Moneta, head northeast on VA-122N/Moneta Rd 2.3mi to RIGHT onto Hendricks Store Rd. 2mi to property on right and left.


  • 10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. High bid subject to approval.  Properties will be offered individually and as a whole.  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: High bid subject to Seller 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 sellers.