Valuable Commercial Real Estate For Sale @ Online Auction

Bidding Closes April 13, 2022 @ 1:00 PM

In partnership with Lee & Associates Commercial Real Estate Brokerage, we are offering at online auction the real estate and improvements located at 1021 Jefferson St, Harrisonburg VA 22802. This property is 1.38 +/- acres improved by a 2,064 sq. ft. home and two large multi-use buildings. This home has 3 bedrooms, 1 1/2 baths, 2 enclosed porches, 1,000 sq ft basement, swimming pool, and tennis court.

This property is zoned M-1 General Industrial and has many potential uses for business, rental, or investment purposes. The house is solid but with updating needed. Conveniently located near the Northend Greenway, Rt 42, Rt 11, and other transportation connections and adjacent to recent residential development on the north side of Harrisonburg.  Don't miss out on this great opportunity!  

This Is An Online Only Auction - All Bids Must Be Submitted Online. Click The "Bid Online Now" Button To See Property Details and To Bid.

Bid Online Now!

This property is being sold subject to seller confirmation with a starting bid of $50,000

Property Highlights:

• Large lot with 1.38 +/- Acres
• Zoned- M1 General Industrial
• Three Bedrooms, 1 1/2 Bath
• 1,000 Sq Ft Unfinished Basement
• Two Enclosed Porches
• Swimming Pool
• 50' x 100' Concrete Pad Previously Used As A Tennis Court
• 40x70 Shop/Garage/Storage Building
• 25x30 Metal Multi-Use Building 
• High Ceilings and Hardwood On First Floor
• Aluminum Siding and Replacement Windows
• Excellent Investment, Rental, or Business Location Opportunity
• City Water and Sewer

Additional Information Can Be Found At The 'Documents' Tab At The Top Of This Listing and By Clicking The “Bid Online Now” Button.

The bidding for this property will close at 1:00 PM April 13 with a two minute auto extend.  This means that if a bid is placed on either tract within the last two minutes the bidding will be extended on both tracts for an additional two minutes.

Property Tours: 1:00 PM Saturday March 26 and 1:00 PM Friday April 8 or at other dates and times by appointment. Please Call Linford Berry (Auctioneer) at 540-476-3309 or David Lee (Real Estate Agent) at 540-820-1422 for more information or for an appointment to see the property.

This property is being sold AS-IS with no financing/appraisal/inspection contingencies and with no warranties or guarantees of any kind.  Seller does guarantee clear title to the property. Bidders are encouraged to enlist the assistance of professional inspectors or contractors in evaluating the condition and value of the property. All inspections must be performed prior to the auction.

Terms: (See our complete terms at the tab above). Payment will be in the form of Cash or Cash Equivalent with a $10,000 non-refundable deposit due the day of the auction (within 24 hours for online bidders at a distance) and the balance due at closing within 45 days. Deposit will be applied to the purchase price at closing. Please do not bid if you are not able to close within 45 days.

Buyers Premium: There will be a 10% Buyers Premium added to the high bid to determine total contract purchase price. (For example a 100,000 bid would have a buyers premium of $10,000 added for a total purchase price of $110,000).

Realtor Representation: Preapproved (No later than 5:00 PM on Tuesday April 12) brokers participation will be compensated. Twenty percent (20%) of the buyers premium will be paid to a qualified licensed real estate agent whose registered buyer's offer is accepted by the seller and closes on the property.