COMMERCIAL PROPERTY

RETAIL-WAREHOUSE FACILITY

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Brief Description

AUCTION

ACCORDING TO NORTON TAX RECORDS, 15,000 SQ FT COMMERCIALBUILDING

  541 PARK AVE, NORTON, VA

OWNERS RETIRING & ARE EXCITED TO OFFER  PROPERTY AT AUCTION KNOWN AS WISE HARDWARE & FURNITURE CO.  SHOWROOM SPACE WITH EXPANSIVE WINDOW DISPLAY.

Auction Schedule

Live On-Site Auction

Began: Thursday, July 27, 2017 at 10:00 AM EDT

Location 541 PARK AVENUE, NORTON, VA 24273

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Details

COMMERCIAL PROPERTY AT AUCTION

RETAIL/WAREHOUSE FACILITY
THURSDAY, JULY 27, 10:00 A.M. ON SITE

A MOST DESIRABLE LOCATION IN THE HEART OF DOWNTOWN NORTON, OFFERING A UNIQUE OPPORTUNITY TO OWN A PART OF HISTORY.  THIS BUILDING HAS SUPPORTED RETAIL BUSINESSES FOR OVER HALF A CENTURY BUT NOW THE OWNERS ARE RETIRING AND ARE EXCITED TO OFFER THIS COMMERCIAL PROPERTY AT AUCTION.  VALUABLE ROAD FRONTAGE ON PARK AVENUE FEATURING EXPANSIVE WINDOW DISPLAYS HAS UNLIMITED DEVELOPMENT POTENTIAL.  TAKE A LOOK AND DON’T MISS THIS OPPORTUNITY TO PURCHASE PRIME PROPERTY AT AUCTION! PROPERTY SELLS SUBJECT TO CONFIRMATION, HOWEVER, SELLER RESERVES THE RIGHT TO DECLARE THE AUCTION ABSOLUTE AT ANY TIME UP TO AND DURING THE AUCTION EVENT. 
  • 15,000 + SQ FT ACCORDING TO CITY OF NORTON TAX INFORMATION
  • RETAIL SPACE FRONTING PARK AVENUE
  • EXTENSIVE SHOWROOM WINDOW DISPLAYS ON PARK AVENUE
  • WAREHOUSE/STORAGE SPACE
  • ZONED B-2
  • PUBLIC WATER/SEWER
  • STREET PARKING ALONGSIDE PARK AVENUE
  • VINTAGE TIN CEILING IN PORTION OF SHOWROOM
  • HIGH VISIBILITY FROM PARK AVENUE & 6TH STREET AT TRAFFIC LIGHT
  • 12 FT CEILINGS
  • RESTROOM FACILITY
  • TWO ENTRANCES FROM PARK AVENUE
  • TAX MAP 465 A 5, ACCT 2192
  • LEGAL DESCRIPTION PARCEL 18, N & W LAND @ 541 PARK AVENUE

INSPECTION BY APPOINTMENT OR ONE HOUR PRIOR TO AUCTION ON THURSDAY, JULY 27, CONTACT SELLING AGENTS FOR ADDITIONAL INFORMATION OR TO SCHEDULE YOUR PRIVATE SHOWING. AUCTION BEGINS PROMPTLY @ 10:00 A.M.

276-623-7576 OR 276-608-0026

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Gallery: FRALEY BUILDING

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VIEW FROM 6TH STREET TAX MAP NOT TO BE USED AS A SURVEY BUILDING # 541 SHOWROOM SHOWROOM SHOWROOM
REAR OF PROPERTY STORAGE AREA REAR FROM MARKET STREET SHOWROOM SHOWROOM
STORAGE WAREHOUSE AREA WAREHOUSE AREA WAREHOUSE AREA SHOWROOM
SHOWROOM AREA TRAFFIC COUNT AS PER NORTON WEBSITE INFORMATION

Auction Terms

Property sells “as is, where is”.  Purchaser is responsible for his/her own due diligence. Announcements made auction day take precedence over printed material.  No liability for accuracy, error, or omissions is assumed by the Seller or the Auction Companies for information contained in the brochure or other advertising and is subject to verification by potential bidders.  Confirmed bidder will be required to sign a contract of purchase and submit the nonrefundable ten percent (10%) escrow deposit at conclusion of bidding.  A four percent (4%) buyer’s premium will be added to the confirmed bid to constitute the final contract sale price.  Display fixtures, counters, shelving, racks not included.  Tax map not to be used as a survey, provided for location purposes only. In the event of default by the Purchaser, said escrow deposit shall be payable to the Sellers as liquidated damages. This provision shall not preclude the Sellers from pursuing any other legal or equitable remedy against the Purchaser, although Purchaser shall be entitled, in such event, to have the escrow deposit credited against the Sellers’ damages otherwise recoverable.  Real Estate taxes for 2017 will be prorated as of closing between Purchaser and Sellers.  All prior years real estate taxes are the expense of the Sellers and shall be paid by the Sellers at closing if not previously paid.  Sellers will be responsible for the required grantor’s tax and deed of conveyance.  Purchaser shall be responsible for all other expenses required to close the transaction to include points, title search/insurance, attorney’s fees, recording fees, survey, and related expenses as may be required by Purchaser’s lending institution if applicable.  Sellers shall provide a warranty deed free and clear of all liens and encumbrances, exceptig easements, zoning, encroachments, rights-of-ways and restrictions of record to the extent that they may lawfully apply.  It is the responsibility of the Purchaser to obtain a title examination at his/her own expense, should the title not be marketable, Sellers will take necessary steps to remedy marketability.  County/city ordinances and zoning may apply. Possession at closing upon dellivery of deed within thirty (30) days.  Property is being sold subject to confirmation.  However, sellers reserve the right to declare the auction absolute at any time up to and during the auction.  By registering and accepting a bid number, Bidder agrees to comply with all terms and conditions including annuoncements made prior to the Auction.  Gaines Dickenson Auctioneers, Inc and Adam Wilson Auctioneers, LLC represent the Sellers in this auction.  Bidding and signing of the contract of purchase is not contingent upon the bidder obtaining financing.  The bidder/purchaser should have financial arrangements in place prior to bidding/purchasing to insure closing in a timely manner. Neither the Sellers nor Auction Companies will provide andy additional survey.  

YOUR INSPECTION INVITED BY CONTACTING SELLING AGENTS FOR PRIVATE SHOWING.

Directions

TAKE HWY 58 (NORTON/COEBURN ROAD) INTO DOWNTOWN NORTON FOLLOW PARK AVENUE TO 541 PARK AVENUE SW, AND THE INTERSECTION OF 6TH STREET.  PROPERTY BACKS UP TO MARKET STREET.  IDENTIFIED BY SIGNAGE ACROSS TOP OF BUILDING FOR WISE HARDWARE & FURNITURE CO. BROCHURES AND SIGNAGE WILL BE AVAILABLE ON SITE AFTER SATURDAY, JULY 30.

Map

GAINES DICKENSON AUCTIONEERS, INC.

http://gainesdickensonauctioneers.com

P. O. Box 69 Castlewood, VA 24224

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