Fixer Upper Property for Sale in Christiansburg, Va!

Description

Fixer Upper Property for
Sale in Christiansburg, VA!

Current zoning reflects B3 / Business General for this +/- 0.694 acre parcel which is within the town limits of Christiansburg, VA. Peppers
Ferry Rd has a high daily traffic count connecting commuters from
Christiansburg/Blacksburg to Radford, VA. Currently used as a residential
investment, the property has an approximate 3,808 sq ft home which was built in
1965. The structure is classified as needing repair and will be sold as-is. The
tenants, who are on a verbal lease, have been notified of the sale. They currently rent the property for $1,000/month. Over
the last several years, the properties nearby have seen rapid, expansive growth
in both business and residential construction. This property is less than
2 minutes from major shopping venues, numerous restaurants and a brand new
all inclusive 50 acre site park for recreational activities.

Online Auction Ends Friday,
September 26th at 3 PM
1225 Peppers Ferry Rd. NW, Christiansburg, VA 24073

Click Here for Bidder
PacketClick Here for Interactive Map
Click Here for Zoning

CONTACT: Auctioneer
Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com or Realtor Levi Cox at 540-230-7162 or email LeviCox87@gmail.com.

DIRECTIONS: From the N
Franklin St/Peppers Ferry Rd intersection, take Peppers Ferry Rd NW towards
Fairlawn. Turn right onto Albert Ln. Property is on the left, see sign.

** Property is located
off of Albert Ln (which is a private drive) but has a Peppers Ferry Rd address.

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 3 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 3 PM on September 26th,
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.