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156,000sf Industrial/Redevelopment on 16 Acres
1101 Armory Drive, Franklin, VA - 23851
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
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Property Information
Auction Information
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 Location:
On-Site