Land for Sale on the Little River in Riner VA
Discover the perfect blend of nature and tranquility in these 4 tracts of land that are being sold at auction. Located in a prime location near Floyd, Riner, Christiansburg, Blacksburg, and Radford VA, these properties offer the best of both worlds, the serenity of wooded land and a riverfront haven with easy access to the essential amenities. This is known as Offering #2.
Online Auction Ending Thursday, October 26th @ 3 PM
TBD Laurel Ridge Mill Rd., Riner, VA 24149
OFFERING #2 – +/- 5.44 ac
This 5.44 acre cleared lot would be a prime building spot. Property has been perked and awaits your new home or recreational getaway! It features 500+ ft of frontage on the Little River. With easy access to the river, you can enjoy all the kayaking, fishing, and swimming you wish! It also has +/- 507 ft of frontage on Laurel Ridge Mill Rd.
ONLINE BIDDING: Online bidding is now active and runs through 3 PM on October 26th, 2023. SOFT CLOSE.
From the Town of Christiansburg – Take Route 8 S towards Floyd VA, for approximately 10.5 miles, to a left onto Laurel Ridge Mill Rd. Property is on both sides of the road in less than 1 mile. See signs.
From the Town of Floyd – Take Route 8 N towards Riner VA.. for approximately 11 miles to a right onto Laurel Ridge Mill Rd. Property is on both side of the road in less than 1 mile. See signs.
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 $10,000 per offering required on the day of the sale. Close on or before November 27th, 2023. Subject to seller confirmation. Sale is subject to final plat approval from the county. The preliminary has been approved. 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 26th, 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