356 Mimosa Street , Danville, VA 24541(Danville City County)

Offering #1 This offering includes +/-38.279 acres of mostly wooded recreational land. Located just as you enter the property there is a 36 x 64 metal shell building that currently features a 3-horse stalls, an office space, restroom, a meeting room, and additional storage space. This space can easily be transformed to whatever needs you may have. Towards the back portion of the property, you can find a cleared pasture area along with the tranquil Rutledge Creek. Previously utilized as a youth horse training camp, this property holds promise for continuation in equine activities or redevelopment ventures.

Offering #2 This offering features +/-4.655 acres of mostly open land. The property has a charming board fencing throughout. It is ideal for mini-farming, potential development, or even building your dream home on.

Properties are located just over 3 miles away from the new Caesars Virginia Casino location. The casino is set to open in late 2024. Another well-known attraction is The Danville Riverwalk Trail on the Dan River where you can enjoy bike trail systems, events, and historic sites. City of Danville has been restored and revitalized with several attractions, events, restaurants, and shopping.

Online Auction Ends Wednesday, April 24th, at 3 PM

Offering #1 - 356 Mimosa St., Danville, VA 24541

Offering #2 - TBD Hunter St., Danville, VA 24541

PREVIEW DATE: Friday, April 5th at 4 PM

BIDDER PACK: Download Bidder Pack for complete information on each offering. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well.

SOFT CLOSE: If a bid is received within the last 2 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.

SIMULTANEOUS CLOSE OF LOT BIDDING: Bidders desiring more than one offering will need to be high bidder on all offerings desired. Each offering will stay open until all bidding is complete, and all offerings will close simultaneously.

BUYERS PREMIUM TEN PERCENT (10%): Buyers Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyers Premium will 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% buyers premium = total purchase price of $110,000). Buyers Premium is not due until closing.

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 off 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 sellers acceptance. A Referral Fee of 2% of the high bid is offered to a cooperating VA State Licensed Real Estate Salesperson/Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided. Download Bidder Pack for Online Bidders Agreement, maps, sample contracts, and property information.

TERMS AND CONDITIONS

10% Buyers Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 per tract is required on the day of sale. Close on or before June 7th, 2024. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 3 PM on April 24th, 2024. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.