Commercial Land SOLD in Zuni, Isle of Wight County, Virginia

Commercial Land SOLD in Isle of Wight County, Virginia


Posted By:	Russell Seneff, Woltz & Associates, Inc., Roanoke, Virginia, United States (800) 551 - 3588 www.woltz.com
Click to contact: Russell Seneff, Woltz & Associates, Inc., Roanoke, Virginia, United States
This land is listed as for auction!

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The details of the land is listed below.
Auction Date:	09/06/2018
Address:	5279 Homegrown Lane
City:	Zuni
County:	Isle of Wight
State & Zip:	Virginia, 23898
Property Type:	Land
Bedrooms:	0
Bathrooms:	0
Year Built:	0
Building Area:	50000 sqft
Land Use:	Commercial
Land Area:	116.00 Acres
Price:	1500000 USD
Contract Status:	SOLD
Description:	Isle of Wight, Virginia Real Estate Auction 119± Acres Offered in Three Tracts Previews: Thursdays, August 23 and 30 from Noon to 3 PM Auction Date: Thursday, September 6, 2018, 2:00 PM Agent: Russell Seneff (VA #1185) (540) 765-7733 (mobile) russell@woltz.com Property Address: 5279 Homegrown Lane, Zuni, VA 23898 Auction Location: Held On-site (5279 Homegrown Lane, Zuni, VA 23898) This property was the former Presbyterian Homes and Family Services facility located in Zuni, Virginia. It is comprised of 50,000± SF of building space in a campus style setting and is situated on 119± acres of land. The improvements include seven brick buildings, one vinyl sided building used as apartments and a swimming pool with attached metal building. Additional improvements include an all metal construction shop and warehouse storage building, an all metal agricultural maintenance shop and wood barn. This property was once a group home for adults with intellectual disabilities as well as supervised independent living apartments. This campus at its peak housed 48 residents. In addition to the group housing, this property was the processing and distribution site for the “Zuni Gourmet Peanuts.” Currently most of the tillable land is being leased. The State Natural Area Preserve joins the property. One vinyl sided and four brick apartment buildings were used for adult housing. There are brick and block buildings used as the cafeteria, a recreational hall and administration. The pond and swimming pool offered a recreational outlet for residents. Paved roads and parking are found throughout the campus. There is potential for more bed capacity under Virginia Law than was previously used by the Presbyterian Homes and Family Services and plenty of room for expansion on the 119± acres. TRACT 1: 75± acres and campus buildings TRACT 2: 23± acres of agricultural land with metal shop and wooden barn TRACT 3: 21± acres of agricultural land ALL TRACTS ARE ZONED RAC – RURAL AGRICULTURAL CONSERVATION Directions: From Hwy 460 12 miles SE of Wakefield and 3.7 miles NW of Windsor take Yellow Hammer Road West for 1 mile. At stop sign continue straight on Thomas Woods Trail and proceed 0.6 of a mile to property on right. Address: 5279 Homegrown Lane, Zuni, VA 23898 Zuni, Virginia is only 44 miles from Norfolk International Airport and 50 miles from Virginia Beach. Unlimited possibilities such as rehab/health care facility, substance abuse, halfway house, school, church, camp or retreat. Improvements alone are assessed for $2,383,000. Come bid your price on this prime property! Zoning Isle of Wright County Zoning RAC (Rural Agricultural Conservation) Broker Participation Any broker actively licensed in the Commonwealth of Virginia whose agent properly registers the successful high bidder will be paid a two percent (2%) commission at settlement by the Seller. Registration 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 a Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. by 12:00 noon on September 5, 2018. If prospect attends preview, agent must attend with prospect. Additionally, agent must attend sale and co-register with prospect on auction day. Only the first broker to register the high bidder will be paid a commission. Agents acting as principals, on behalf of licensed real estate agents, on behalf of family members, on behalf of entities in which they hold an ownership interest or who represent prospects who have had prior contact with seller or auction company are not eligible. Only one registered bidder per agent. Terms and Conditions REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 1:00 PM. Please bring a driver’s license for identification. AUCTION SALE: Auction Tracts 1-3 will be sold subject to Seller confirmation. ALL CONFIRMED SALES ARE FINAL: All 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. FINANCING: Your bidding and purchase of the property is NOT CONDITIONAL UPON FINANCING. Be sure you have arranged financing, if needed, and are capable of paying cash at closing. LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property. BIDDING: Qualified bidders may bid on individual tracts, any grouping of tracts or the Property in its entirety. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final. ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale. BUYER’S PREMIUM: The Buyer’s Premium on the real estate is seven percent (7%) of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sales price. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER. LEAD-BASED PAINT: Some of the buildings in this auction were built prior to 1978 and may contain lead-based paint. A lead-based paint inspection may be performed by bidders prior to the auction sale date. Applicable lead paint disclosures and information are available from Auction Company. Bidders will be provided a lead-based paint disclosure prior to signing a real estate purchase agreement and agree to waive the ten (10) day right to inspection after the auction sale. REAL ESTATE DEPOSIT: A deposit in the amount of ten percent (10%) of the contract sales price will be required on day of sale. The deposit is payable by cash, cashier’s check, or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the checking account is in good standing. REAL ESTATE DEED: The real estate will be conveyed by general warranty deed free and clear of liens and encumbrances, except for (i) easements of record not materially and adversely affecting the value or use of the Property, (ii) real estate taxes not yet due and payable (which will be prorated at settlement), (iii) any items agreed to be paid or released at settlement by Seller and the buyer, and (iv) customary easements, rights-of-way and restrictions required by public utilities and/or the local governmental authorities not materially and adversely affecting the value or use of the Property. The balance of the purchase price is due at settlement on or before October 23, 2018. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction. BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations. GENERAL: The information contained in this brochure 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.
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NOTES: THIS OFFERING IS SUBJECT TO ERRORS, OMISSIONS, PRIOR SALE OR WITHDRAWAL WITHOUT NOTICE.

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