Auction Information
6 Acres in Lynchburg, VA
6 Acre Commercial Development Tract
by Lynchburg Municipal Airport
Poised for Development
Zoned B-GC with 330 feet of frontage on US-29 and an additional 30 right of way easement to US-29. Water and sewer available. The property currently has 3 rental properties and a billboard that total $24,000 a year in rental income.
A previous preliminary layout for a hotel location and VDOT review are on file as well as a 2008 appraisal that valued the property at $850,000. Current tax assessment $811,000.
Agent on Site
Fridays, September 19th & 26th (12-1pm)
Sale Manager:
George McDaniel
Terms: 5% Buyers Premium added to high bid(s) to determine contract sales price(s). 10% deposit due on the day of the auction with the balance due at closing within 30 days. Potential buyers must perform such independent investigations with respect to property as they deem necessary to verify information prov...
Terms: 5% Buyers Premium added to high bid(s) to determine contract sales price(s). 10% deposit due on the day of the auction with the balance due at closing within 30 days. Potential buyers must perform such independent investigations with respect to property as they deem necessary to verify information provided by the auction company and/or seller. All information provided by the auction company and/or seller is deemed reliable but not warranted. All property is being sold as is without representations or warranties of any kind or nature. Full terms available online and displayed on day of the auction.
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