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


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.



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

Please be sure to download the Property Information Package by clicking on the words under “Documents to Download.” By downloading this package you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.