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Discover an exceptional real estate opportunity! We present 2 distinct tracts of land available for purchase through online auction. The properties are located along Route 460 between Blacksburg and Pembroke VA. Whether you are seeking a commercial venture or recreational escape, these properties have it all!
Online Auction Ending Wednesday, October 18th @ 3 PM
Offering #1 - 4262 Pandapas Pond Rd., Blacksburg, VA 24060
Offering #2 - 4180 Pandapas Pond Rd., Blacksburg, VA 24060
Property is offered in 2 tracts described below. Download Bidder Pack for Online Bidder’s Agreement, Maps, Deed, Sample Contracts, and Property Information.
OFFERING #1 – +/- 35 acres
This offering boasts a generous 35 acres of all wooded land. Property provides a canvas for your vision and great visibility from Route 460. This spacious tract offers versatility for various land uses, from commercial development to recreational activities. Its proximity to the bustling community of Blacksburg makes it an enticing choice for businesses looking to be near Virginia Tech.
OFFERING #2 – +/- 52.5 acres
This offering boasts a remarkable 52.5 acre parcel of mostly wooded land. There is a small cleared section that fronts on Pandapas Pond Rd. Property has great visibility from Route 460. The wooded acreage provides privacy and tranquil environment. It adjoins the Jefferson National Forest. The property features a well, which provides suitability for various purposes, including potential commercial development or a secluded recreational retreat. There is a cellular tower on this offering. Refer to survey in Bidder Packet for exact location on easeement to cell tower.
ONLINE BIDDING: Online bidding is now active and runs through 3 PM October 18th, 2023. SOFT CLOSE.
DIRECTIONS: From Route 460 W in Blacksburg VA, follow 460 for approximately 5-6 miles. Property is on the right. See signs.
CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or email gallimore.matt@gmail.com. You can also contact Realtor Booie DeHart at 276-952-5061 or email booied@yahoo.com
BIDDER PACK: Download Bidder Pack for complete information on each offering. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, property information etc. Some of the surveys and maps in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack.
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.
BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyer’s 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% buyer’s premium = total purchase price of $110,000). Buyer’s 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 seller’s acceptance. A Broker Fee of (2%) is offered to a cooperating VA State Licensed Real Estate Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.
TERMS AND CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $5,000 per offering required on the day of the sale. Close on or before November 17th, 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 before placing a bid. Tracts are being offered individually and if bidder wishes to purchase multiple tracts, bidder will need to be the high/winning bidder on both offerings. Auction starts ending at 3 PM on October 18th, 2023. 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, property information, purchase contract and maps at VAAuctionPro.com
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