Foreclosure - I-95 C-Store Richmond, VA

Property Location MAP

2116 Willis Rd
Richmond, VA 23237

Property #: FX1920

Preview Times

TBD

Contact Agent

Bill Londrey CAI
Tranzon Fox

804-513-0544 blondrey@tranzon.com

Documents

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  • Confidentiality Agreement Required
Can't attend auction in person? Contact Tranzon representative by Tuesday, February 5th about remote bidding either via phone or online simulcast bidding.

Foreclosure auction of I-95 C-store: Value added opportunity at tremendous I-95 location. Not currently subject to fuel/branding deal! Location benefits from both high I-95 traffic as well as large employment base from numerous manufacturing and distribution enterprises along Willis Road
  • Property occupies the NE quadrant of the interchange
  • Huge traffic counts:
    - 118,000+/- vehicles per day on I-95
    - 6,900+/- vehicles per day on Willis Rd
  • Flexible C-5 zoning
  • +/- 2,410 s/f C-store/restaurant plus former car wash bay and automotive service area
  • Recent roof replacement
  • Currently there is an additional tenant paying $1,550/mo for automotive service bay and former car wash area separate from C-store

We understand there may be a written lease in effect with respect to the tire store tenant on site, but we do not have a copy of the lease. The beneficiary has informed us that it is receiving rent payments of $1,550 per month. We can make no representations or warranties with respect to the existence of any lease or, if one exists, whether it is prior or subordinate to the lien of the beneficiary’s deed of trust.

Property has a city of Richmond mailing address but is located in Chesterfield County.

Parcel ID#: 795671606500000
2018 Tax Assessment: $806,500
2018 Annual Taxes: $7,662


Please be sure to download the Property Information Package by clicking on the words under “Documents to Download.” By downloading this package you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.

VAAF423

Directions:

To Property: The Property is located at the Northeast quadrant of the I-95/Willis Road interchange. From I-95 south of the Richmond, VA CBD take Exit 64 onto Willis Road and proceed east. Property is immediately on the left.

To Auction Site: From I-95 south of the Richmond, VA CBD take Exit 61-A onto Route 10/West Hundred Rd eastbound. Marriott Courtyard hotel is one block down on right.

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Bill Londrey CAI

Bill Londrey CAI: Tranzon Fox

804-513-0544 blondrey@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

  • Buyers Premium: 7% Buyers Premium based on the high bid.
  • Closing: On or before March 11, 2019. Sold in As-Is condition, no contingencies, without representations or warranties of any sort, except the special warranty that will be in the deed of conveyance.
  • Deposit Amount: Minimum deposit of $50,000 in guaranteed funds, with 10% due within 2 business days.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

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