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2 Parcels for AUCTION

50 Fairway Lane, Verona, VA, USA

For Sale


Property Description

Valuable Real Estate For Sale At Online AuctionClosing September 20, 2023 @ 1:00 PM

In partnership with Mountain Valley Auctions we are offering at online auction the real estate located on Fairway Lane, Staunton VA 24482. This Augusta County VA property is being offered in two separate tracts. Tract #1 is 2.244 +/- acres beginning at the corner of Fairway Lane and Country Club Road and situated between Fairway Lane and the Woodrow Wilson Parkway. Tract #2 is 1.755 +/- acres between Fairway Lane and the Woodrow Wilson Parkway. These properties are zoned PUD/Limited Business and are well suited for a variety of business uses with great access to I-81 and visibility from Woodrow Wilson Parkway. 

This Is An Online Only Auction - All Bids Must Be Submitted Online. Click The "Bid Online Now" Button on the Mountain Valley Auctions Website To See Property Details and To Bid.

Tract #1 -  is 2.244 +/- acres beginning at the corner of Fairway Lane and Country Club Road and situated between Fairway Lane and the Woodrow Wilson Parkway. The property is served by county water and sewer. There is a utility line easement on the western and southern edges of the property with a large open area that should be suitable for building on the eastern side of the tract. 

Tract #2 - is 1.755 +/- acres between Fairway Lane and the Woodrow Wilson Parkway. The property is served by county water and sewer. There is a utility line easement on the southern edge of the property and a sewer line easement across the eastern edge of the property. This tract is almost entirely wooded and there is an area near the center of this tract that should be suitable for building with some excavation to grade.

Both tracts are in an Augusta County Planned Unit Development Zone (PUD) with conditional business uses (See attached document for zoning uses). In the comprehensive plan this area is recommended for Community Mixed Use. We strongly encourage prospective buyers to contact the Augusta County Community Development and/or Zoning Administration with any questions regarding suitability for a particular business use. Their phone number is 540-245-5700.

This property is being sold subject to seller confirmation with a starting bid of $25,000 per tract. 

The bidding for both of these tracts will close at 1:00 PM September 20, 2023 with a two minute auto extend. This means that if a bid is placed on either tract within the last two minutes, the bidding will be extended on both tracts for an additional two minutes. If you wish to buy the entire property you will need to be the final high bidder on both tracts.

We Guarantee A Free And Clear Title To The Property

Property Tour Dates: You are welcome to visit and walk the property at anytime. If you would like an agent to show you the property or answer any questions you may have please Call Linford Berry (Auctioneer) at 540-476-3309 or Dale Gardner (Real Estate Agent) 540-246-2839 for more information or for an appointment to tour the property.

Property Highlights:

Conveniently Located Directly Off I-81 Exit 225

Frontage On Woodrow Wilson Parkway With AADT of 15,000 Vehicles Per Day

Located Next To Hotels, Golf Course, and Professional Offices

Excellent Investment Or Build To Suit

Zoned PUD With Limited Business Use

Municipal Water and Sewer Lines On Or Near The Property

Additional Information Can Be Found At The 'Docs' Tab At The Top Of This Listing on Mountain Valley Auctions Website and By Clicking The “Bid Online Now” Button on Mountain Valley Auctions Website.

This property is being sold AS-IS with no financing/appraisal/inspection contingencies and with no warranties of any kind. Seller guarantees clear title to the property. Bidders are encouraged to 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.Payment Terms: (See our complete terms at the tab above). Payment will be in the form of Cash or Cash Equivalent with a $10,000 non-refundable deposit for each 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. If you are getting financing for this property please be pre-approved and be confident that you will be able to close within 45 days. 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).

Note For Real Estate Agents: Preapproved (No later than 5:00 PM on Tuesday September 19, 2023) buyers agent participation will be compensated. (See Documents Tab For Form)

Contact Agent

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Property Details

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Attachment #2

Attachment #3

Property Location

50 Fairway Lane, Verona, VA, USA

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