Hampton, VA Real Estate Auction
Registration Opens at 11:00 AM
10.73± Acres
Zoned C-3
Assessed Value: $708,100 per GIS
Live and Online Auction held at the property on Wednesday, November 13 at Noon. This is a great opportunity to own 10.73± acres of commercially zoned (C-3) land with road frontage on two premier roads in Hampton, VA (136′ on W Pembroke & 435′ on G Street). Property has potential to serve multiple businesses making it an ideal location for investors. Public water available along W Pembroke, Sewer available along W Pembroke & G Street. See Water/Sewer Map, Survey, Wetlands Delineation, Tax Card and Aerial/Topo Maps under documents. Property will be sold at auction, brokerage representative will be onsite for property preview on 10/25 from Noon to 4PM. Vacant land – preview at your convenience. Contact listing agents with any questions about the auction process.
Schools
Bassett Elementary
Lindsay Middle
Hampton High
Directions
From Downtown Hampton: Take Settlers Landing Road heading west for 1.2 miles. Turn left on W Pembroke Ave. Travel 1.9 miles. Property will be on your left. Property can also be accessed from G St – take left onto G St by Sunoco Gas station and property will be on your right. See signs.
TERMS & CONDITIONS OF AUCTION
LIVE & ONLINE
A1031 – LCM Corporation, Bankruptcy Auction
November 13, 2024, 12:00pm
2015 W. Pembroke Ave. Hampton, VA 23661
- AUCTION SALE: The Property will be sold subject to Seller’s confirmation of the high bid. Purchaser will execute the Auction Real Estate Purchase Agreement as required in Paragraph 2. The property is auctioned “AS IS, WHERE IS” with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise. Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate. Bidding signifies you have read and are in agreement with the terms and conditions of the auction.
- REAL ESTATE DEPOSIT: The Buyer is required to pay a deposit in the amount of ten percent (10%) of the contract sales price and sign an Auction Real Estate Purchase Agreement immediately following SELLERS acceptance of the bid. Buyer may wire funds ($25.00 wire fee), use a personal check with a bank letter, or present a cashier’s check for the earnest money deposit.
- FINANCING: Your bidding and purchase of the property are NOT CONDITIONAL UPON FINANCING.Be sure you have arranged financing, if needed, and are capable of paying cash at settlement.
- LIABILITY: Bidders inspecting property enter at their own risk. Auction Company and Seller assume no risk for bodily injury or damage to personal property.
- BUYER’S PREMIUM: The Buyer’s Premium on the real estate is five percent (5%) of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final contract sales price.
- AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
- REAL ESTATE DEED AND POSSESSION: The real estate will be conveyed by a Special Warranty deed to be prepared at the expense of the Seller and the cost of Virginia deed transfer tax shall be borne by the Seller. It is agreed the Property is being conveyed free and clear of liens; subject, however, to any rights of way, easements, and restrictions of record. The balance of the purchase price is due at settlement which shall be on or before December 19, 2024. The contract to purchase is not assignable. Possession of the Property shall be given to the buyer at settlement.
- BOUNDARY LINES: Boundaries on aerial photos, topographic maps, and otherwise, are approximate and are subject to verification by all parties relying on them.
- BIDDING: The bidding is hereby offered to registered bidders only. Registration for on-site opens at 11:00AM on the day of sale.
- CONFIRMATION: The auction tract is sold subject to Seller Confirmation.
- GENERAL: The information contained in the brochure, on woltz.com, all advertising, and the Bidder’s Information Packet is subject to verification by all parties relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.
- BROKER PARTICIPATION: Any appropriately licensed Virginia broker whose agent properly registers the successful high bidder will be paid a 2% commission based upon the contract sales price, and will be paid at settlement by the Seller. Applications must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address and signature of agent and prospect as well as the Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. or by email at hannah@woltz.com no later than 12:00pm, November 12, 2024. Participating Broker must sign the Real Estate Purchase Agreement for winning bid. Agents acting as principals buying on their own behalf, on behalf of family members, other licensed real estate agents, or who represent prospects that have had prior contact with the Seller or Auction Company are not eligible. An agent may register and represent only ONE Bidder for this auction.
