Foreclosure Auction - 8,295 sq ft Industrial Warehouse/Office Flex Property on 5 acres - 16388 Industrial Dr. Milford, VA 22514
Live auction by Dudley Resources
Starts Jan 9, 2024 11:00 AM EST
Location: 16388 Industrial Drive, Milford, VA 22514
The auction for this property will take place online and in-person on January 9th @ 11:00 AM EST, with the in-person auction being held on-site at 16388 Industrial Dr., Milford, VA 22514. There is a property tour scheduled for Nov. 7th @ 11:00 AM EST. The main highlight of the property is a spacious 4,247 square foot Warehouse/Office Building. This building offers a functional layout, featuring a 900 square foot office space with a carpet floor, as well as a generous 3,347 square feet of warehouse/shop area with a durable cement floor. The warehouse section is easily accessible through a roll-up garage doors. The building's construction is solid, with a concrete foundation and sturdy cinder block walls. The gable roof, covered in compositional shingles, adds to the overall durability and aesthetic appeal. Electric forced heat ensures a suitable working environment. The availability of public water adds to the convenience of the property. In addition to the Warehouse/Office Building, the property includes the following improvements: A 2,400 square foot Metal Storage Building with a reliable concrete floor and electrical connections. An 864 square foot Office/Storage Building equipped with electricity, offering flexibility for various uses. A 784 square foot Metal Shed Building featuring a concrete floor, further enhancing the property's utility. Location and Accessibility: Situated within the Milford District of Caroline County, the property enjoys a strategic location within a manufacturing and industrial zoned area. It is surrounded by other M-1 zoned businesses, fostering a productive and compatible business environment. The property's proximity to major transportation routes is a notable advantage. It is approximately 4 miles away from the well-traveled US 301 and Bowling Green, providing easy access to key destinations. With just an 8.5-mile distance to both I-95 and Ladysmith, the property offers excellent connectivity. Notably, Fredericksburg is a short 23-mile drive, while Richmond, VA is conveniently located 40 miles away. This foreclosure auction of 16388 Industrial Dr. Milford, VA 22514 presents a remarkable opportunity for entrepreneurs, investors, and businesses looking to acquire an industrial property with substantial improvements in a strategically located area. Don't miss out on this chance to secure a versatile property with diverse potential. The property is being offered "as is, where is" with no warranties or representations of any sort. We will not make any representations to inquiring parties as to the physical condition of the property or as to any other matters. Summary of Terms and Conditions: Buyer’s Premium: 10% Buyers Premium added to the highest bid. Approval to Bid: To be approved, all online bidders (“Bidders” and each a “Bidder”) must register at least 24 hours prior to the start of the Auction. Deposit: Certified funds or cashier’s checks. A bidder’s deposit of Twenty-Thousand Dollars ($20,000) or Ten Percent (10%) of the high bid, whichever is lower is required with settlement in full to be made within 30 days from the date of said Sale. A $2,500.00 deposit is to be paid by credit card immediately at the end of the Auction. Any balance owed on the required deposit must be paid by wire transmission within twenty-four hours of the Auction. Deposit will be held by the Substitute Trustee. Broker Co-op: Up to 2% of the high bid may be paid to a properly registered broker/agent at settlement. Agents must register their buyers at least 24 hours prior to the Auction. Closing: 30 day closing, As-Is, no contingencies. Agency Disclosure: Dudley Auctions Inc. dba Dudley Resources is acting as auctioneer/agent and is agent for the Substitute Trustee only. Disclaimer: Information contained herein is believed to be correct to the best of Dudley Resources’ knowledge, but it is the sole responsibility of each Bidder to inspect and verify all information pertaining to the property. This property is subject to sale prior to the Auction and may be withdrawn, modified or cancelled at any time without notice. FOR REAL ESTATE AGENTS REPRESENTING BUYERS: If you have been working with a Realtor, please have them click HERE and complete the Realtor Representation form. In order for the real estate agent to be compensated, forms must be completed and submitted no later than 24 HOURS BEFORE THE END OF THIS AUCTION SALE.