305 Elm Street , Kenbridge, VA 23944(Lunenburg County)

Property to be sold via online auction on Thursday February 5, 2026. Terms are $5,000 non refundable deposit due from high bidder; 10% buyer's premium in addition to high bid for total price; 45 days for the balance. Property is sold in as is condition. If you are looking for cheap industrial space, give this one a look. Lots of potential for owner-use, redevelopment, self-storage - unlimited potential This industrial property at 301 Elm Street in the Town of Kenbridge offers a blend of existing cash flow and clear redevelopment upside across two adjoining parcels totaling 9.24± acres (5.73± acres + 3.51± acres). The site is level and served by public utilities and electricity, with multiple industrial buildings including warehouse improvements plus a smaller office building supporting a wide range of storage, distribution, contractor, and light industrial uses. Current configuration: Three of the structures are in good condition and are approximately 24,000 square feet each Two month-to-month tenants One additional structure that could be utilized or rented Three structures slated for removal-once removed, they will leave large concrete pad sites well-suited for redevelopment or reconfiguration of about 24,000 square feet each Two vacant pads already available for use. One is about 29,000 square feet and the second is just under 12,000 square feet. From a zoning standpoint (per the Town of Kenbridge ordinance excerpt provided), permitted industrial uses include warehouses, wholesale houses/distributors, truck terminals, public utility storage yards, contractor shop/storage yards, and building materials storage/sales, among others-supporting both ongoing operations and future repositioning.(Ordinance excerpt also notes uses are generally conducted within enclosed buildings except for parking/loading, and identifies typical yard/setback standards.) Positioning takeaway: a flexible industrial campus From a zoning standpoint (per the Town of Kenbridge ordinance excerpt provided), permitted industrial uses include warehouses, wholesale houses/distributors, truck terminals, public utility storage yards, contractor shop/storage yards, and building materials storage/sales, among others-supporting both ongoing operations and future repositioning. (Ordinance excerpt also notes uses are generally conducted within enclosed buildings except for parking/loading, and identifies typical yard/setback standards.) Positioning takeaway: a flexible industrial campus with in-place tenancy today and multiple pad-ready redevelopment opportunities tomorrow-ideal for an owner-user, investor, or developer seeking a value-add industrial property in an affordable location.

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