Bid on tracts separately or as a group!

• 7.4± Acres Offered in 2 Tracts
• Zoned I-1
• 11,239 SF Office/Warehouse
• Built in 1992
• Assessed Value: $1,117,800 per GIS

Live & Online Auction held at the property Thursday, November 14 at 11AM. This prime, Industrial zoned (I-1), building & property is located on Shenandoah Ave & is available in 2 tracts or the combination of both. One tract features the 11,239 SF Office/Warehouse building on 4.15 acres, the other tract offers 3.25 acres of land for you to use/develop to suit your needs (See survey under docs). The building includes 2 floors of office space & a large warehouse with bay doors & a loading dock. A large portion of the property is fenced in, offering security for your business & equipment. Property will be sold at auction, agents will be onsite for property previews on 10/26 & 11/9 from Noon-3PM. Contact listing agents with any questions about the auction process.  Property has been subdivided & acreage is reflective of the new plat in docs and on website.

Directions:

From Downtown Roanoke: Take Franklin Rd SW and turn right onto Second St. Travel 0.2 miles and take left onto Salem Ave SW. Travel 1.8 miles and turn right onto 24th St NW. Travel 0.4 miles and turn left onto Shenandoah Ave NW. Travel 0.7 miles and turn right onto property.

Equipment Auction Same Day – Click for more information

TERMS & CONDITIONS OF AUCTION
LIVE & ONLINE

A1029 – LCM Corporation, Bankruptcy Auction
November 14, 2024, 11:00am
3321 Shenandoah Ave. Roanoke, VA 24017

1. 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. 
2. 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.
3. 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.
4. LIABILITY: Bidders inspecting property enter at their own risk. Auction Company and Seller assume no risk for bodily injury or damage to personal property.
5. 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.
6. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
7. 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.
8. BOUNDARY LINES: Boundaries on aerial photos, topographic maps, and otherwise, are approximate and are subject to verification by all parties relying on them.
9. BIDDING: The bidding is hereby offered to registered bidders only. Registration for on-site opens at 9:00AM on the day of sale.
10. CONFIRMATION: All auction tracts are sold subject to Seller Confirmation.
11. 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.
12. 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 13, 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.
13. SOFTWARE & TECHNOLOGY: Woltz & Associates, Inc. reserves the right to reject any bid at our sole discretion. In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, Woltz & Associates, Inc., reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR WOLTZ & ASSOCIATES, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information deemed necessary by Auction Company.
14. Online bidders must register by NOON on Wednesday, November 13, 2024.