Clear title - No back taxes or liens - Warranty deed - No Auction Premium
Features:
5,500 sq ft buildings in a pleasant quiet wooded location in an outstanding location suitable for a variety of uses.
Huge potential: The proximity of the property to Briery Creek Lake and Briery Creek Wildlife Management Area with thousands of visitors every year create huge potential.
Sold with a new roof on the main building.
Former Briery Creek Assisted Living Home. The property is currently vacant but previously had 19 beds.
The property has 5 acres of land and the buildings are approached through a long drive and the buildings are set off well away from the main road.
The main building is an attractive 1988 sq ft two story property with a small back extension.
There are 2 joined doublewides used as additional space and offices.
The total building area is about 5,500 sq ft.
The property needs a rehab but has great potential. The main building is currently having a new roof fitted and will be sold with a new roof.
Great Investment Opportunity- Suitable for a variety of uses.
The property has great Potential with 5,500 sq ft of buildings and 5 acres of land near Briery Creek Lake and Briery Creek Wildlife Management Area. Potential uses include*:
* subject to zoning as applicable.
The property is zoned A1, Agricultural Conservation and would allow the operation of a restaurant by Special Use Permit provided relevant building code requirements.
The operation of a bed and breakfast would be allowed provided relevant building codes are met.
Location:
Set in a rural location between Farmville and Keysville, the property is surrounded by woods and is within 1 mile of Briery Creek Lake and next to the Briery Creek Wildlife Management Area. The property is easily accessible being off County Rd 701 just 500 feet from Farmville Rd (Rt US-15) with historic Farmville being 10.9 miles and Keysville 10.3 miles away both providing lots of shopping and entertainment with ample choice of stores, restaurants, cafe and other local amenities.
The nearby Briery Creek Lake and Briery Creek Wildlife Management Area with thousands of visitors every year create huge potential for this property, especially as visitors to these places are not catered for in the immediate vicinity. The nearest facilities are in Farmville which is about 10 miles away, where as the property is about 2 minutes drive or 20 minutes walk from the lake (701 Ramp at 1203 Landing Road )
Briery Creek Wildlife Management Area: 3,164 acres, the wildlife area has plenty of room to explore and a varied habitat for animals. Hunting for turkey, deer, quail, squirrel, rabbit, and waterfowl is also available in designated areas.
Briery Creek Lake is an 845-acre lake that is owned by the Virginia Department of Game and Inland Fisheries and is within the Briery Creek Wildlife Management Area in Prince Edward County. The lake has a huge stock of Florida strain largemouth bass, northern strain largemouth bass, bluegill, redear sunfish (also known as shellcrackers), channel catfish, and crappie. Timber in the floodplain was left standing or felled and drum-chopped resulting in an abundance of fish habitat. Briery Creek Lake is a fisherman's paradise. Careful management of the fishery at Briery Creek Reservoir made it a lake full of huge fish. Briery Creek Lake has dominated the trophy largemouth bass scene in Virginia over the last decade and is very popular among fishermen.
The area also offers a host of other recreational activities which makes is ideal for family vacation , these include attractions in historic Farmville, many recreational parks, boating and fishing lakes, streams and reservoirs, golf courses and the Adventure Park at Sandy River Retreat.
Great Investment:
Average asking price for this type of commercial property in is: $142 / sq ft (Loopnet.com)
This puts a value on this property of $780,000
Estimated Property value: $522,700 (Homes.com & Remax.com)
Real Estate parcel ID:
Prince Edward County VA- Parcel ID#: 091-A-15D
PROPERTY IS SOLD AS IS, WHERE IS- CLEAR TITLE - NO BACK TAXES - NO LIENS - WARRANTY DEED
Buyer is resposnsible for auction premium of 8%.
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
Buyer will also be responsible for $500 deed prep and doc fee as well as 8 % premium.10% non-refundable deposit, auction premium and $500 deed preparation and doc fee are due within 48 hours of auction close to be transferred tot he escrow account of the title company who will be handling the title insurance and closing.
Final Payment to be made within 21 days of the Auction close.
All bidders to do their due diligence. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. Buyer must fund escrow for balances due as above or else may be declared in default. Buyers are bound by the Purchase Agreement which is attached under the Due Diligence section. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
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