Development Opportunity | Newport News- VA | Online Auction

Pre-Auction Offers: Accepted Auction Begins 01/09 10:00 AM, Auction Ends 01/13 11:10 AM List Price is Opening Bid. Development Opportunity | Newport News- VA ATTENTION INVESTORS! Rarely Available Development Opportunity on Highly Trafficked Chestnut Ave. Spacious former Commercial Space in need of a total rehab. Bring your Tool box & Ideas. Property was believed to have once been operated as a drug store. Prime Downtown location in Newport News- Minutes to Numerous attractions and scenic Waterfront views of the Chesapeake Bay. Property is Vacant and in need of major renovations & repairs. Believed to be set up as: Main Level: Commercial Space Upper Level: Potential for Apartment and/or living quarters (Click our documents tab to view a sample contract) Occupancy: Property is vacant. Year Built: 1950 Lot Size: 25X106.25 Real Estate Taxes: $4,763.36 (property also subject to Stormwater Fee of $868.50 [2024]) Title Information: Fee Simple. Sold free and clear of all liens. Inspection Time: Property is vacant. Call our office for details. Deposit: The initial deposit amount is listed above. All deposits must be cash or certified funds. Auction Disclaimers: Purchaser responsible for independently verifying/obtaining all zoning, permits, licenses, usage, etc. Auction ID: A-000011450 Buyer's Agent Commission: 2.0% Broker Co-Op. Commission will be paid on Bid Price only before the inclusion of the Buyer's Premium. Agents must register their clients 48 hours prior to the auction beginning. Clicks the Agents tab to fill out the Agent Registration form. Additional terms and conditions apply.