Search for your next business venture? Big Spring Mill has been one of the longest operating business for over 150 years! This family owned business/property is an iconic symbol of the New River Valley and is now available for purchase through online auction. The very successful flour/cornmeal mill and feed mill is ready to operate another 150 years with a new owner. Property features a 25,735 sq ft building that includes 2 working mills with a large amount of warehouse storage. There are 13 grain/storage bins. Property has access to rail car with Norfolk Southern. Don't want to keep the property in use as a mill? That is no problem, the property has endless possibilities for a new owner and/or a new type of business! All situated on +/- 1.8 acres with public water and natural gas. This profitable treasured property is ready for a new owner to take over. A new roof was put on in July of 2023 to the office and storage building. Online Auction Ends Thursday, March 13th, at 4 PM. 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. TERMS & CONDITIONS: 10% Buyer's Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $20,000 is required on the day of sale. Close on or before April 28th, 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 March 13th, 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.
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