Large Garage & Land for Sale in Stuart VA!
You have the opportunity to purchase a large garage in Stuart VA. This property features 2.837 acres in Patrick County VA. It has a 32’ x 50’ metal garage with well and electric. There is a creek located on the property. Don’t miss out on this great investment property!
Online Auction Ending Friday February 10th @ 3 PM
TBD Lone Ivy Rd., Stuart, VA 24171
This property would make a great barndominium! It features a 32’ x 50’ metal garage with 14’ ceilings. Garage has 32’ engineered trusses, 7” concrete pad with footers and insulated, top of the line 10’x10’ auto side mount motor Overhead Brand Doors. Has an insulated finished room plus attic space with room for heavy storage. Has outside electrical outlets and water spigots on each end of the building. 100’ Well yields 25 gpm. Electric box has tons of room for growth. No septic system but building permit was for building with living space. Great central location being only 12 miles to Stuart, Fairystone Park and the scenic Blue Ridge Parkway! Just 17 miles to the town of Floyd VA.
Online Bidding – Online bidding is now active and runs through 3 PM on February 10th, 2023. SOFT CLOSE.
Directions – From Route 8, turn onto Route 613 (Lone Ivy Rd) to property on the right at sign.
SOFT CLOSE: If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants.
BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final bid price place online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer’s Premium shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000).
PRE – AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre‐auction sales. Pre‐auction offers must meet all the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre‐auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre‐auction offers must allow a minimum of 24 hours for seller’s acceptance. A Buyer’s Broker Fee of (2%) is offered on any pre‐auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.
Terms & Conditions – 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 required on day of sale (February 10, 2023). Close on or before March 27th, 2023. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence. Auction starts ending at 3 PM on February 10th, 2023. Please note that during the last three minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.