Commercial Building for Sale in the Town Of Stuart

Description

Commercial Building for
Sale in the Town of Stuart

Check out this
unique opportunity in the heart of Stuart, VA that is for sale! This cape-cod
style building, constructed in 1931, sits on a +/- 1 acre lot with both public
water and sewer connections. Featuring a durable block foundation and a shingle
roof, the interior boasts a mix of drywall and panel walls, with carpet and
tile flooring. There are currently 10 office spaces as the building is
currently utilized for commercial purposes. However, years ago it was used for
residential purposes. It has a total of 2,764 sq ft, and could be converted
back to a 3 bedroom, 1.5 bath home. Building could be used as commercial or
residential. A large, paved parking lot in both the front and back of the
building provides ample parking, making this an ideal location with great
potential for a variety of uses.

Online Auction Ends Wednesday,
September 24th at 4 PM
115 W Blue Ridge St., Stuart, VA 24171

Click Here for Bidder
Packet
Click Here for Interactive Map

CONTACT: Auctioneer
Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com or Realtor Booie DeHart at (276) 952-5061 or email BooieD@yahoo.com.

DIRECTIONS: From Jeb
Stuart Hwy/Route 58, take Wood Brothers Dr., to a left onto W Blue Ridge
Street. The property is on the right. See sign.

BIDDER
PACK: Download Bidder Pack for complete information. Bidder Pack has maps,
complete terms and conditions, sample contracts, tax cards, and restrictions.
Some of the plats in Bidder Pack may have notations and boundaries created by
Auctioneer for illustration purposes, however unchanged surveys are in Bidder
Pack as well.

SOFT CLOSE: If a
bid is received within the last 2 minutes of the auction or after 4 PM,
the auction close time will automatically extend 2 minutes to allow other
bidders an opportunity to competitively bid prior to the auction closing. This
feature eliminates “snipers” and encourages fair and impartial bidding from all
participants.

BUYER’S PREMIUM – TEN
PERCENT (10%): Buyer’s Premium shall be added to the final online bid,
which will determine the Total Contract Sales Price. Bidders hereby acknowledge
and understand that the Buyer’s Premium will be added to the winning bid to create
the Total Contract Sales Price for which they are obligated to pay for the
property. Example: (winning online bid $100,000 + 10% buyer’s premium = total
purchase price of $110,000). Buyer’s Premium is not due until closing.

PRE-AUCTION
SALES: As an agent for the Seller, the Auctioneer must present any and all
bona fide written offers to the Seller, which may be created outside of the
online bidding platform. Therefore, all properties are subject to pre-auction
sales. Pre-auction offers must meet all off the auction terms and conditions
and must be submitted to the Auctioneer on the Auction Real Estate Sales
Contract, along with the required earnest deposit. Properly submitted offers
will be presented to the Seller in a timely manner. Seller may accept or reject
such offer at their sole and absolute discretion. When a pre-auction offer is
submitted, all properly registered online bidders will be notified that “an
offer” has been submitted and on which specific property, however the amount of
the offer shall remain confidential. All pre-auction offers must allow a
minimum of 24 hours for seller’s acceptance. A Referral Fee of 2% of the high
bid is offered to a cooperating VA State Licensed Real Estate
Salesperson/Broker on any pre-auction offers that are properly completed and
submitted on the appropriate forms provided. Download Bidder Pack for
Online Bidder’s Agreement, maps, sample contracts, and property
information.

TERMS & CONDITIONS:
10% Buyer’s Premium will be added to final high bid to arrive at contract
price. Earnest Money Deposit of $5,000 is required on the
day of sale. Close on or before November 10th,
2025. Subject to seller confirmation. Property sold as is, where is
with any and all faults. Buyer is expected to complete their own due diligence
before placing a bid. Auction starts ending at 4 PM on September 24th,
2025. Please note that during the last two minutes of bidding, if a new
bid is placed, the clock is automatically extended an additional two
minutes. Be sure to register to bid early to ensure you receive
notifications regarding any changes to the Auction, Bidder Packet and/or
Pre-Auction offers received. Download Bidder Information Pack for complete
terms and conditions, purchase contract and maps.