Great opportunity to join LOVES TRAVEL STOP and COUNTRY STORE on route 258 & 58 in Franklin, VA. Loves just opened a shiny new gas station/truck stop on the adjacent 23 acres. Currently 3 parcels with new access road 2 lots front on South St 2013 traffic count 7,700/day on South St and approximately 20,000/day on Rt 58

Loves paid $1.5 million for their parcel (see tax record in Property Information Package)

Loves paid $1.5 million for their parcel before improvements (see tax record in Property Information Package)

Plats and engineering done by B & B Consultants, Sam Carroll

B-3 zoned

Utilities at the street

Excellent Highway exposure

Great location

Located in a Enterprise Zone

City of Franklin offers a number of incentives for businesses

Benefit from increased traffic from the various Hampton Roads ports

The new owner can continue negotiations with Franklin City officials based on desired use - originally, they said they would approve the 6 parcel subdivision as shown on one of the plats-- then, they requested the owner install a sewer pump station.

As an alternative, in order to record the 5 parcel proposed subdivision (see plat) , the City requested that the water and sewer be extended (refer to cost estimate in Property Information Package). The latest request was for street lights. The new owner can agree to deed the access road over to the City of Franklin for future maintenance as part of the development negotiation.

Nearby businesses include: Lowes, KFC, new Armory Station Shopping Center with Wendys and Farm Fresh. Paul D. Camp Community College, churches, hospital, apartments and railroad.

Offered separately, in combinations, and the entirety as bidders wish. To Bid on line via simulcast, register at least 3 business days Prior to Auction

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 Listings may be withdrawn or modified without notice at anytime.

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 with a minimum deposit of $25,000 in guaranteed funds.

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.