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Check out this property that is being sold through an online auction! This +/- 83.8 acre property has endless possibilities! Previously a hobby farm, this acreage has pastureland as well as wooded areas. Property also has a large pond! Potential for manufacturing, residential, hunting and agricultural uses. It is conveniently located just off Exit 7 on I-81 and is just minutes from shopping restaurants and more. Property is two tax parcels but is being sold as 1 offering. The +/- 34 acre parcel is zoned R2/M1 (Residential, Manufacturing) and the +/- 49 acre parcel is zoned A2 (Agricultural). Refer to Bidder Packet for zoning information. Property is accessed by a 30ft right of way off Coronet Drive. There is an additional 50ft right of way off Georgia Street.
Online Auction Ends Wednesday, October 9th at 4 PM
TBD Coronet Dr., and TBD Georgia St., Bristol, VA 24202
PREVIEW DATES: Saturday, September 21st at 10 AM, and Friday, September 27th at 4 PM
CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com. You can also contact Realtor Felecia Leonard at 423-967-2187 or email FLeonardRealtor@gmail.com
DIRECTIONS: Traveling South on I-81 take Exit 7, turn left onto Old Airport Road (.68 miles), turn left onto Coronet Dr., turn left at the end of the road between Amazon and FedEx for .17 miles. Turn right just inside the gate, the beginning of the property is approximately .16 miles from the gate. See signs.
BIDDER PACK: Download Bidder Pack for complete information. 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 or after 4 PM, 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 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 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 Bidder’s Agreement, maps, sample contracts, and property information.
TERMS AND CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 is required on the day of sale. Close on or before November 25th, 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 4 PM on October 9th, 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 at VAAuctionPro.com
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