11.5 Usable Acres Commercial Land - Fronts on Rt. 460

>Real Estate Auction in

22 Tuesday
January 22nd, 2019 12:00 PM

11.5 Usable Acres Commercial Land - Fronts on Rt. 460

>Real Estate Auction in

Tuesday at - 22nd January , 2019

Notes

Buyers premium: 10% Buyers Premium based on the high bid.
Closing: 30-Day closing, sold in As-Is condition, no contingencies.
Deposit Amount: 10% deposit due within 2 business days of being notified that you are the successful high bidder.
Broker Coop: 2% of the high bid will be paid to a properly registered broker at settlement.

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Location has been calculated by address and may not be 100% accurate.




Auction Items For Sale

Total parcel 21.76 ac per tax record; rear of parcel is wetlands. +/-11.5 usable acres, with wide frontage along Rt. 460. Traffic signal at site, for Food Lion shopping center directly across Rt. 460. Isle of Wight is a growing county that has seen double digit population increases each decade since 1950.

Clean Phase 1 Environmental report.

Seller bought in 2003 for $495,000 as 1031 exchange; past offers have included $925,000 from Hardees, $875,000 from the Town of Windsor, a lease from an auto parts firm, and an offer from a Tennessee buyer.

Parcel ID#: 54-01-075
2018 Tax Assessment: $770,800
Annual Taxes: $3,810/yr


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