Bankruptcy | 28+/- Acres in Henrico County Richmond, VA

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3740 Charles City Rd
Richmond, VA 23231

Property #: KEY5046

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Bill Londrey CAI
Tranzon Key

804-513-0544 Or 888-621-2110 blondrey@tranzon.com
Bankruptcy - 28 Acre development parcel with potential rental house!

Sited less than a mile to Richmond International Airport and approximately three miles to I-295 and 895/Pocahontas Parkway access, this parcel offers potential near-term rental income plus huge development upside.
  • Tremendous road frontage, with over 2,000 feet on Beulah Rd and 650+ feet on Charles City Road
  • Currently zoned agricultural, the Property is master planned by Henrico County for industrial zoning.
  • According to Henrico County, the house was built in 1910 and contains +/-2,300s/f. It is a value-add opportunity with (4) bedrooms and (3) baths.

Three tax parcels sold together:
 
Address: Parcel ID#: 2024 Tax Assess:    2024 Annual Taxes:
3740 Charles City Rd      827-702-8810      $384,600  
6736 Beulah Rd 828-701-0583 $   15,100  
3760 Charles City Rd 827-700-7466 $      3,000  
Totals:   $402,700 $3,422.95

The Backstory:

Upon information and belief, the Property may require remediation to comply with certain county regulations. The County has indicated that it will work with a buyer to resolve such issues, which may include regrading the area of fill to a more environmentally friendly 3:1 slope and remediating an approximately 0.1 acre area of wetland in which fill encroached. Additional funds currently held in escrow may be available to help offset such costs.

The property will be sold as-is, where-is without representation or warranty of any kind and will be conveyed by special warranty deed. The information contained herein is believed to be reliable, but no warranty is being provided and no cause of action may be had for any representations made by the Seller or Auction Firm. The sale will be subject to approval by the United States Bankruptcy Court for the Eastern District of Virginia.

Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

VAAF423

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 Key

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.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 30-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: High bidder is required to execute a Contract for Sale and Purchase of Real Estate and remit to Tranzon by close of business the day of the auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
  • Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent 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.

Online Bidding Instructions:

See terms and conditions in the property information package.

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