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FAR 612 - Martinsville Investment Real Estate

Unique downtown Martinsville investment opportunity. Featuring four residential spaces and eleven commercial spaces across the two buildings. All residential spaces are currently rented and producing $2,900.00 monthly income. 29 Broad Street also currently has a tenant leasing one of the commercial spaces at that location. Several other commercial lease opportunities exist at both locations for future income potential. THE HIGHEST ONLINE BID IS NOT THE WINNING BIDDER. THIS AUCTION IS BEING CONDUCTED WITH A RESERVE AND THE SELLER HAS THE RIGHT TO ACCEPT OR REJECT THE HIGHEST BID. THE HIGHEST ONLINE BID WILL BE PRESENTED AT THE LIVE AUCTION ON JULY 18 at 3:00PM. BIDS WILL BE ACCEPTED ONLINE UNTIL 2:00 PM ON JULY 16. HIGHEST ONLINE BIDDER MAY ATTEND LIVE AUCTION AND CONTINUE TO BID OR BID VIA PHONE.

Auction ID: FAR 612
Location
29 and 29 1/2 Broad Street Martinsville, VA 24112
Starts Closing
Jul 16, 2024, 6:00:00 PM
Inspection
OPEN HOUSE PREVIEW
Sunday, June 30, 2024 5:00 PM to7:00 PM
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    • FAR 612 - Martinsville Investment Real Estate

    Unique downtown Martinsville investment opportunity. Featuring four residential spaces and eleven commercial spaces across the two buildings. All residential spaces are currently rented and producing $2,900.00 monthly income. 29 Broad Street also currently has a tenant leasing one of the commercial spaces at that location. Several other commercial lease opportunities exist at both locations for future income potential. THE HIGHEST ONLINE BID IS NOT THE WINNING BIDDER. THIS AUCTION IS BEING CONDUCTED WITH A RESERVE AND THE SELLER HAS THE RIGHT TO ACCEPT OR REJECT THE HIGHEST BID. THE HIGHEST ONLINE BID WILL BE PRESENTED AT THE LIVE AUCTION ON JULY 18 at 3:00PM. BIDS WILL BE ACCEPTED ONLINE UNTIL 2:00 PM ON JULY 16. HIGHEST ONLINE BIDDER MAY ATTEND LIVE AUCTION AND CONTINUE TO BID OR BID VIA PHONE.
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    THE HIGHEST ONLINE BID IS NOT THE WINNING BIDDER. THIS AUCTION IS BEING CONDUCTED WITH A RESERVE AND THE SELLER HAS THE RIGHT TO ACCEPT OR REJECT THE HIGHEST BID. THE HIGHEST ONLINE BID WILL BE PRESENTED AT THE LIVE AUCTION ON JULY 18 at 3:00PM. BIDS WILL BE ACCEPTED ONLINE UNTIL 2:00 PM ON JULY 16. HIGHEST ONLINE BIDDER MAY ATTEND LIVE AUCTION AND CONTINUE TO BID OR BID VIA PHONE.
    Martinsville Income Producing Property- Place Bids Here
    Unique Downtown Martinsville Investment Opportunity. Featuring Four Residential Spaces And Eleven Commercial Spaces Across The Two Buildings. All Residential Spaces Are Currently Rented And Producing Income. 29 Broad Street Also Currently Has A Tenant Leasing One Of The Commercial Spaces At That Location. Several Other Commercial Lease Opportunities Exist At Both Locations For Future Income Potential. Total Acreage Approx. 0.44 Acres. Year Built - 1965, 4 Bedroom, 3 1/2 Bath, Approx. 2,030 Main Floor Sq. Ft., Main Floor Consists Of A Large Living Room, Kitchen, Dining Room And 2 1/2 Baths And Fireplace. Full Basement Features A Large Den, Office Area, Full Bath, Utility Room And Additional Bedroom. Heat Pump. Public Water And Sewer. Tax Maps: 53.3(014 )000c/036 And 53.3(014 )000c/037. Parcel Id 30360 And 30361. Zoned C- U B. Municipality: Henry County. Total Tax Assessment $119,000.00 - Lot 1
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    • Martinsville Income Producing Property- Place Bids Here
    Lot 1 - Unique Downtown Martinsville Investment Opportunity. Featuring Four Residential Spaces And Eleven Commercial Spaces Across The Two Buildings. All Residential Spaces Are Currently Rented And Producing Income. 29 Broad Street Also Currently Has A Tenant Leasing One Of The Commercial Spaces At That Location. Several Other Commercial Lease Opportunities Exist At Both Locations For Future Income Potential. Total Acreage Approx. 0.44 Acres. Year Built - 1965, 4 Bedroom, 3 1/2 Bath, Approx. 2,030 Main Floor Sq. Ft., Main Floor Consists Of A Large Living Room, Kitchen, Dining Room And 2 1/2 Baths And Fireplace. Full Basement Features A Large Den, Office Area, Full Bath, Utility Room And Additional Bedroom. Heat Pump. Public Water And Sewer. Tax Maps: 53.3(014 )000c/036 And 53.3(014 )000c/037. Parcel Id 30360 And 30361. Zoned C- U B. Municipality: Henry County. Total Tax Assessment $119,000.00
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    • Property Information-29 Broad Street - Do Not Bid Here
    General Property Information- 29 Broad Street Current Monthly Income - Year Built � 1935 Effective Year Built - 1963 5 Commercial Spaces � 1 Space Currently Leased 2 Public Restrooms In Lobby Area 2 Residential Spaces � Each With 1br And 1 Bath. Both Currently Leased Plenty Of Parking Half Basement Approx. Acres � 0.44 Total Approx. Finished Sq. Ft. - See Tax Parcel Record On Later Page Public Water And Sewer Heating � Boiler Unit Cooling � Mini Split And Window Municipality: City Of Martinsville Zoning: C-Ub Tax Map: 33 (03 )N /33 Legal Description: Front 87 Ft - Lot 2
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    • Property Information-29 Broad Street - Do Not Bid Here
    Lot 2 - General Property Information- 29 Broad Street Current Monthly Income - Year Built � 1935 Effective Year Built - 1963 5 Commercial Spaces � 1 Space Currently Leased 2 Public Restrooms In Lobby Area 2 Residential Spaces � Each With 1br And 1 Bath. Both Currently Leased Plenty Of Parking Half Basement Approx. Acres � 0.44 Total Approx. Finished Sq. Ft. - See Tax Parcel Record On Later Page Public Water And Sewer Heating � Boiler Unit Cooling � Mini Split And Window Municipality: City Of Martinsville Zoning: C-Ub Tax Map: 33 (03 )N /33 Legal Description: Front 87 Ft
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    • Property Information-29 1/2 Broad Street - Do Not Bid Here
    General Property Information- 29 1/2 Broad Street Current Monthly Income - $1,400.00 11 Commercial Spaces- Storage/Garage Bays. 4 Spaces Inside, 7 Spaces Outside 2 Residential Spaces � Each With 2br And 1 Bath And Laundry. Both Spaces Currently Leased Total Approx. Finished Sq. Ft.- See Tax Parcel Record Public Water And Sewer Heating � Boiler Unit Cooling � Mini Split And Window Municipality: City Of Martinsville Zoning: C-Ub Tax Map: 33 (03 )N /33 Legal Description: Front 87 Ft - Lot 3
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    • Property Information-29 1/2 Broad Street - Do Not Bid Here
    Lot 3 - General Property Information- 29 1/2 Broad Street Current Monthly Income - $1,400.00 11 Commercial Spaces- Storage/Garage Bays. 4 Spaces Inside, 7 Spaces Outside 2 Residential Spaces � Each With 2br And 1 Bath And Laundry. Both Spaces Currently Leased Total Approx. Finished Sq. Ft.- See Tax Parcel Record Public Water And Sewer Heating � Boiler Unit Cooling � Mini Split And Window Municipality: City Of Martinsville Zoning: C-Ub Tax Map: 33 (03 )N /33 Legal Description: Front 87 Ft
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    • Exterior Photos- Both Units - Do Not Bid Here -Click The Picture To View All Photos
    Exterior Photos - Both Units- Do Not Bid Here -Click The Picture To View All Photos - Lot 4
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    • Exterior Photos- Both Units - Do Not Bid Here -Click The Picture To View All Photos
    Lot 4 - Exterior Photos - Both Units- Do Not Bid Here -Click The Picture To View All Photos
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    • 29 Broad Street-Interior Photos- Do Not Bid Here-Click The Picture To View All Photos
    29 Broad Street-Interior Photos- Do Not Bid Here-Click The Picture To View All Photos - Lot 5
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    • 29 Broad Street-Interior Photos- Do Not Bid Here-Click The Picture To View All Photos
    Lot 5 - 29 Broad Street-Interior Photos- Do Not Bid Here-Click The Picture To View All Photos
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    • 29 1/2 Broad Street-Interior Photos- Do Not Bid Here-Click The Picture To View All Photos
    29 1/2 Broad Street-Interior Photos- Do Not Bid Here-Click The Picture To View All Photos - Lot 6
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    • 29 1/2 Broad Street-Interior Photos- Do Not Bid Here-Click The Picture To View All Photos
    Lot 6 - 29 1/2 Broad Street-Interior Photos- Do Not Bid Here-Click The Picture To View All Photos
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    • Floor Plan - 29 Broad Street- Do Not Bid Here
    Floor Plan - 29 Broad Street- Do Not Bid Here - Lot 7
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    • Floor Plan - 29 Broad Street- Do Not Bid Here
    Lot 7 - Floor Plan - 29 Broad Street- Do Not Bid Here
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    • Floor Plan - 29.5 Broad Street- Do Not Bid Here
    Floor Plan - 29.5 Broad Street- Do Not Bid Here - Lot 8
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    • Floor Plan - 29.5 Broad Street- Do Not Bid Here
    Lot 8 - Floor Plan - 29.5 Broad Street- Do Not Bid Here
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