PUBLIC REAL ESTATE AUCTION EVENT
ONLINE ONLY BIDDING!!
BANK ORDERED EVENT
Please bid early and often & understand the online only bidding begins to close on Monday, November 17, 2025 @ 12:00pm NOON (Eastern).
Property Tours: Tuesday, October 21 & Tuesday, November 11 from 12pm-2pm (Feel free to bring your inspector/contractor). Please contact Sid Smyth for more information or showing information (434-955-0708)
- 21,000 +/- sf. 2 story commercial building on .53 +/- acre lot in historic downtown Appomattox, VA
- Massive Class C building with a large footprint in the downtown opportunity zone
- Originally 2 large connected yet independent buildings in Downtown Appomattox that over the years were combined into one.
- FIRST FLOOR LEVEL
- Entrance foyer/Access to street
- Large open space w/small marked areas for private vendor display
- Small cafe area/kitchen
- Rear areas w/private vendor display
- Rear storage area
- Two stairways to upper level
- Freight elevator (very old)
- UPPER LEVEL
- Large open areas for vendor display
- Several large unfinished areas for storage or future vendor display
- The roof over the retail & warehouse portions has been replaced
- Ceiling is 2'x4' metal channel/Tile and old style design tin panels
- Flooring is wood, tile & carpet
- 2 half bathrooms on main level
- Public water & sewer; electric water heater
- Forced air/heat pumps for heating & cooling
- Mixed commercial and residential loft use available w/conditional use permit
- Alley beside the building belongs to this building. The vacant lot to the left (if facing the building) is owned by the town, and is planned to be downtown parking.
- Tax credits may be available for the rehab project (please conduct your own due diligence)
- Located just off Main St., 1.5 miles from Rt. 460 & 20 miles from Lynchburg, VA!!
- Tax Map: 64A5-A-202; Deed Book: 2019/1744; Yearly real estate taxes: $1,848; Building was constructed in 1910 and has concrete, brick & block exterior; $10,000 deposit (wired funds or certified check ONLY) is due immediately after confirmation of final bid and the balance due at closing within 30 days of Bank approval (bank approval should be approx. 2 days after auction); WE GUARANTEE A FREE & CLEAR DEED
- Only $25,000 Starting Bid!!
FOR REALTORS: if you are currently working with a Realtor and want them to represent you, please have them CLICK HERE and complete their broker participation form. In order for the Realtor to be compensated, broker forms must be completed and submitted no later than 6 AM on the day of the auction (11/17/25), and all terms adhered to.
TERMS: Thank you for your interest in this property. Contact Sid Smyth if you need additional information (434-955-0708).
This online auction is not contingent on or subject to financing, appraisal, survey (property lines), study period or inspections of any kind, as agreed to by bidders at registration prior to bidding, and specified in the Offer to Purchase and Contract. Property is sold in as-is condition with no warranties or guarantees of any kind.
Per the contract, “TIME IS OF THE ESSENCE,” and you should proceed to closing immediately. You must close the transaction on or before 30 days from date of bank approval. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve – you may be declared in breach of the contract, forfeit all deposits made, and could be additionally liable for any and all court costs, any price difference in a subsequent resale of the property, and all future auction costs incurred by the seller and Nicholls Auction Marketing Group, Inc.
Bid with confidence, but please do not delay your closing!
Terms & Conditions
Contract for Sale of Real Property: This property is offered under the specific terms provided in the contract. The Contract for Sale of Real Property is available at www.nichollsauction.com in the property information packet package located from within the “DOCUMENTS” section. Please read and review the contract thoroughly prior to bidding on any property. If you have not read and reviewed the Contract for Sale of Real Property, Do Not Bid!
Nicholls Auction Marketing Group, Inc. has the sole authority to resolve any bidding disputes as they may arise.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Nicholls Auction Marketing Group, Inc. will reject the registration, and bidding activity will be terminated.
Online Terms: A $10,000 earnest money deposit will be required from the successful purchaser. At the close of the online auction, and seller confirmation, the successful bidder will be emailed or given the contract package to execute and return to Nicholls Auction Marketing Group, Inc. Upon being declared the high and successful buyer, the credit card that you registered with will be charged $500 toward your deposit. The successful bidder’s remaining earnest money deposit ($9,500) must be in the form of cashier’s or certified check (United States Bank) or wire transfer to Nicholls Auction Marketing Group, Inc. and is due immediately. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees. You may be asked to show proof of funds for the deposit (via text or email) prior to being approved to bid.
Auction Premium: A 10% auction premium will be added to the final bid price to determine the total contract price. 10% Auction Premium Example: Bid Price: $100,000 Plus 10% Auction Premium: $10,000 Total Contract Price: $110,000. Auction Premium is non negotiable.
Contracts: Contract Packages will be sent by e-mail to the high bidder, who must execute and email, fax or overnight mail back to Nicholls Auction Marketing Group, Inc., within 24 hours of receipt. If the successful bidder does not execute and return their contract with earnest money deposit within 24 hours of receipt they will be considered in default and subject to legal action. This is a legal binding contract.
Auction Administrative Fee: In the event a winning bidder fails to submit the signed ’Contract for Sale of Real Property’ and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $10,000 on the credit card provided at auction registration. Additional default remedies are reserved by Nicholls Auction Marketing Group, Inc., and the Seller as provided in the Auction Terms & Conditions and the ‘Contract of Purchase’. All administrative fees are non refundable.
Closing: Time being of the essence, these sales shall be closed on or before 30 days from date of bank approval. The purchaser will pay for all of their closing costs associated with the transaction.
Agency Disclosure: In all transactions, the auctioneer is acting as agent for the seller, not as buyer’s agent. Nicholls Auction Marketing Group, Inc. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party, deemed not to be in the best interest of the seller, at any time. At auctions with reserve, the seller and/or auctioneer reserves the right to bid.
Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being furnished to bidders for the bidder’s convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete.
Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold ’AS IS’ with any and all faults. Please review all information supplied, and seek appropriate assistance prior to bidding.
Realtor Representation: Pre-approved (no later than 6:00 am Eastern on 11/17/25) realtor representation is compensated. Real estate agent must fill out and submit realtor representation form by time stated above and adhere to all rules in order to be compensated.
Technical Issues: Neither the company providing the software nor the auction company shall be held responsible for a missed bid or the failure of the software to function properly for any reason. The online bidding and virtual auction will begin to close on Monday, November 17, 2025 @ 12:00 NOON (Eastern). If there is bidding in the last few minutes before the auction closes, extended bidding will commence. If there are no bids within 2-3 minutes, the auction will end. This procedure prohibits any last second 'sniping' from taking place. In the unfortunate event of a DDOS attack or server attack/shut down, the auction company reserves the right, but is not required, to change the bid closing deadline.
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