Valuable Commercial Real Estate For Sale In Online Auction
Closing April 27, 2023 @ 1:00 PM

In partnership with Lee & Associates Real Estate We are offering at online auction the real estate and improvements located at 11400 W Lynchburg Salem Turnpike, Montvale VA 24122. This property is 1.7 +/- acres zoned C-2 General Commercial and improved by an 8,000 sq ft commercial building built in 2012. It features road frontage on US Highway 460 With an AADT of 16,000 and centrally located between Roanoke and Bedford.

This would make an excellent space for a variety of retail or wholesale businesses. Located in Bedford County VA just 15 miles east of Roanoke and 11 miles west of Bedford. This is a high traffic location with good visibility from east and west bound traffic. There are many possibilities for business development in this corrider.

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.

The bidding for this property will close at 1:00 PM April 27, 2023 with a two minute auto extend.  This means that if a bid is placed within the last two minutes the bidding will be extended for an additional two minutes.

This property sells subject to seller confirmation with a starting bid of only $100,000

We Guarantee A Free And Clear Deed To The Property!

Property Tour Dates: Saturday April 8 @ 1 PM and Friday April 21 @ 1 PM, or on other dates and times by appointment. Please Call Linford Berry (Auctioneer) at 540-476-3309 or David Lee (Real Estate Broker) 540-820-1422 for more information or for an appointment to tour the property.

Property Highlights:

• 8,000 Sq Ft Building Built In 2012
• Open Layout
• 35 Parking Spaces
• Excellent business location or investment opportunity
• High traffic area with AADT of 16,000
• Road frontage on US Highway 460/221
• Metal Roof
• City water and municipal sewer

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

This property is being sold AS-IS with no financing/appraisal/inspection contingencies and with no warranties or guarantees. Seller guarantees 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.

Payment Terms: (See our complete terms at the tab above). Payment will be in the form of Cash or Cash Equivalent with a $20,000 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).

Note For Real Estate Agents: Preapproved (No later than 5:00 PM on Wednesday April 26) buyers agent participation will be compensated. (See Documents Tab For Form)