156,000sf Industrial/Redevelopment on 16 Acres

Description

The property is a one story, 156,046±sf commercial building on 16.76± acres of land strategically located on Armory Drive in Southampton County. The property has CSX Rail Access with room for 6 rail cars and is comprised of eight (8) dock-high doors and two (2) grade doors. Currently the property is suitable for industrial, warehouse and office use.  This is also an excellent redevelopment opportunity with several major retailers surrounding the property. 

The property is located directly on Armory Drive (14,000 cars/day), the major thoroughfare through Southampton County. The site is surrounded by major retailers such as Wal-Mart, Lowe’s, Belk, Rite-Aid, Walgreens, Farm Fresh, Food Lion, Family Dollar and Dollar General. The property is just 2 miles to U.S Route 58 (18,000 cars/day), 34 miles to I-95, 2 miles to Franklin Municipal Airport and 53 miles to Norfolk International Airport.  The City of Franklin is located in the south-eastern, 40 miles west of Norfolk and nine miles north of the North Carolina border.

Auctioneer: Larry Makowski, VA LIC# 189

Documents

Auction Information

Property Information

* Requires confirmation of Online Agreement

Terms & Conditions

  • Buyers Premium: 10% Buyers Premium based on the high bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $25,000 deposit shall be held in escrow but must be received by the escrow agent at least 24 hours before the start of the online auction.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Inspection

By Appointment

Auction Information

Property Information

* Requires confirmation of Online Agreement

  • Buyers Premium: 10% Buyers Premium based on the high bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $25,000 deposit shall be held in escrow but must be received by the escrow agent at least 24 hours before the start of the online auction.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

By Appointment

Auction Info:

  • Sold
  • Property Type
    Industrial
  • Property Location
    1101 Armory Drive
    Franklin, VA 23851
  • Auction Location
    On-Site

Property Map



Auction Contact(s):

Jeremy Sandel

Oren Klein

  • Email Oren
  • W: (212) 375-1222 x703
    F: (212) 202-6267