#2 • Tract #2 - 6.428 +/- Acres Zoned R-1

Part of Four Tracts Of Land In Broadway VA (timed auction by Mountain Valley Auctions)

High bid $163,000.00

Status: Sold

Valuable Commercial and Residential Estate For Sale At Online Auction Closing October 8, 2025 @ 1:00 PM In partnership with Lee & Associates Real Estate, we are offering at online auction a total of 22.095 +/- acres in four tracts located in the town of Broadway VA. Two tracts are zoned B-1 commercial, one tract is R-1 residential, and one is C-1 conservation district. The B-1 tracts have frontage on RT 259 (W Lee St) with an operating car wash on one lot and a house on the other lot. The R-1 property has frontage on Holly Hill St and the C-1 property has frontage on Spar Mine Rd. There are many opportunities for development, redevelopment, recreation, and agricultural uses in the heart of Broadway VA.  This Is An Online Only Auction - All Bids Must Be Submitted On The Website Tract #2 - is 6.428 +/- acres located along Holly Hill St and zoned R-1 (See Documents Tab For List Of Approved Uses). Public water line runs along Holly Hill St. and public sewer line easement is along Linville Creek on the lower side of the property. There is 623 ft of road frontage on Holly Hill St.  Part of this tract is in the 100 year flood plain but there is plenty of higher ground along the street for residential development that wouldn't be in the flood plain. This land is currently in land use.  If buyer wishes to change the use of the land and take it out of land use, rollback taxes will be due.  Current estimate for that is $2,134. This tract is a part of the proposed division of the original tax map parcel ID # 51-A-69E. Division has been approved by the town of Broadway. These properties come with recent surveys (See Documents Tab) and divisions which will be recorded after the auction at closing. Closing will be at the offices of Members Title in Harrisonburg. The bidding for all of these tracts will close at 1:00 PM October 8, 2025 with a two minute auto extend. This means that if a bid is placed on any tract within the last two minutes, the bidding will be extended on all tracts for an additional two minutes. If you wish to buy more than one tract, you will need to be the final high bidder on all the tracts you wish to purchase. We Guarantee A Free And Clear Title To The Property This property is being sold subject to seller confirmation with a starting bid of $25,000 per tract.  Property Tour Dates: Feel free to visit the properties anytime during daylight hours. The existing house is occupied by a tenant and will not be available for preview anytime except the published property tour dates. Scheduled property tour date is Friday September 19 from 4-6 PM. If you would like an agent to show you the property at some other time or answer any questions you may have please call or text Linford Berry - Auctioneer at 540-476-3309 or Jeff Robb - Agent at 540-478-7616 Property Highlights:  High Growth and High Traffic Area Of Broadway Average Daily Traffic Count on W. Lee St (Rt 259) was 14,182 in 2022 Income Potential From Existing Facilities Opportunity For Development or Redevelopment Municipal Water and Sewer Available On Tracts 1-3 River Frontage On North Fork Of Shenandoah and Linville Creek Recent Boundary Line Surveys Properties Near Shopping, Dining, and Broadway High School Additional Information Can Be Found At The Documents Tab At The Top Of This Page Terms and Conditions: WE GUARANTEE A FREE AND CLEAR DEED TO THE PROPERTY This property is being sold in AS-IS condition with no financing/appraisal/inspection contingencies. Bidders are strongly encouraged to inspect the property themselves and/or enlist the assistance of professional inspectors or contractors in evaluating the condition and value of the property. All inspections must be performed prior to the auction. Buyers Premium: There will be a 10% Buyers Premium added to the high bid to determine total contract purchase price. (For example a 100,000 bid would have a buyers premium of $10,000 added for a total purchase price of $110,000). Payment Terms: Payment will be in the form of Cash or Cash Equivalent with a $10,000 non-refundable deposit per tract due the day of the auction (within 24 hours for online bidders at a distance) and the balance due at closing on or before 45 days. Deposit will be applied to the purchase price at closing. Please do not bid if you are not able to close within 45 days. Closing will take place at Members Title, 1675 Virginia Ave, Harrisonburg VA. Financing can be obtained for the property, but the sale is not contingent upon obtaining financing. All information provided by Mountain Valley Auction Group was obtained from sources believed to be reliable but are not guaranteed. Buyer shall rely on their own information, judgment, and inspection of the property. View the sample purchase agreement and complete terms under the "Docs" tab or drop down menu under the photo Note For Real Estate Agents: Preapproved (No later than 5:00 PM on October 7) buyers agent participation will be compensated. Click Here For Form