+/- 47 AC COMM LAND along I-81 Sells w/$199K Bid, Lexington, VA
Property Location:
N Lee Hwy (adj to 3111)
Lexington, VA 24450
Auction Location:
Best Western Hunt Ridge Inn
25 Willow Springs Road
Lexington, VA 24450
Last listed at $549K, this prime development parcel sells to the highest bid at or above $199,000. Zoned B-1 along I-81 just 5 miles from downtown Lexington VA. The Lexington area is home to Washington & Lee University and Virginia Military Institute as well The Virginia Horse Center and a satellite Devils Backbone Brewery. The hotels in the immediate vicinity are dated, so a new one would shine. Possible gas/c-store site.
Property abuts historic B&B Maple Hall on two sides, at the intersection of US Rt. 11 (Lee Highway) and I-81 exit 195. Conceptual drawings show up to 6 pad sites for hotel, retail and other commercial use, bring your own ideas for highest and b...
Property abuts historic B&B Maple Hall on two sides, at the intersection of US Rt. 11 (Lee Highway) and I-81 exit 195. Conceptual drawings show up to 6 pad sites for hotel, retail and other commercial use, bring your own ideas for highest and best option.
TRAFFIC COUNT I-81 at Rte 11: 47,000/day in 2012. 2013 Daily Traffic count on Rt. 11 in the I-81 area ranges from 5,300 to 11,000.
Download Property Information Package for plat, VDOT Traffic Impact Analysis, zoning change, conceptual drawing and other reports.
Note: Maple Hall, the adjacent bed and breakfast property is also currently available for sale. Please visit the following link for more information:
VAAF423
Terms and Conditions
The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Linda Terry, AARE, CAI, GRI at 804-354-9090. All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.
For general information on the auction process, please review the FAQ-Frequently Asked Questions.
Buyers Premium: 10% Buyers Premium based on the high bid.
Closing: 30-Day closing, sold in As-Is condition, no contingencies.
Deposit Amount: Minimum deposit of 10% upon acceptance of offer.
Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.
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