Residential Property for Sale at Auction in Glade Spring VA
If you are searching for a great business location with high visibility, or a perfect building site both in the Glad Spring area of Southwest VA, look no further! We present 2 offerings of land located just off I-81 near the Glade Spring Middle School. Offering #1 features +/- 7 acres of land that is zoned B2 and Offering #2 features +/- 11.95 acres of land zoned R2. Purchase the entire property by being the high bidder on both tracts. This is known as Offering #2.
Online Auction Ending Thursday, October 19th at 3 PM
Offering #2 – TBD Stagecoach Rd., Glade Spring, VA 24340
OFFERING 2 - +/- 11.95 acres zoned R2
This beautiful acreage is in the Glade Spring area of Southwest VA. Offering approximately +/-11.95 acres this land features slightly rolling fields which are currently being mowed for hay. Enjoy the construction of your new country home in this convenient location with public water and sewer available. This property is currently zoned Town of Glade Spring / R2 and is just minutes from Interstate 81 at Exit 29. With ample acreage and excellent proximity to I-81, this property could also make an ideal location for a retirement community. The property is also close to shopping, schools, and colleges such as Emory & Henry.
ONLINE BIDDING: Online bidding is now active and runs through 3 PM October 19th, 2023. SOFT CLOSE.
DIRECTIONS: Offering #2 - Directions: I-81 N, Exit 29, at the bottom of the ramp turn left onto Maple St/ VA-91. In about ½ mile turn right onto Stagecoach Road. The property by the auction company is on the right, 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, 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 (tract) will need to be high bidder on all offerings (tracts) 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 Property is offered in 2 tracts described below. Download Bidder Pack for Online Bidder’s Agreement, maps, forestry map, 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 per tract is required on day of sale. Close on or before December 4th, 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. Auction starts ending at 3 PM on October 19th, 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, purchase contract and maps.