5837 Twine Hollow Rd, Salem, VA 24153

Home, Shop and Lake for Sale Near Downtown Salem VA

Opportunities to purchase real estate with immediate access to Interstate 81 are very limited. This property is located minutes from Downtown Salem, VA and in between the ever-growing areas of the Roanoke Valley and New River Valley. Property features immediate access to I-81 from Exit 132. It offers opportunities for investment, business use or personal use! The 1.5 story, single family residence features 3 bedrooms and 1 bath. The layout provides a comfortable living space. This property can be a primary residence, or investment property. The 7 year-old, 4,760 sq ft. shop building offers 16-foot ceilings, 14-foot garage doors, insulation, heating, air conditioning, paint booth area, office, restrooms, and 220-volt electrical service throughout. The northern boundary of the property boasts an approximate 3 acre lake plumbed for power generation. This property offers possibilities such as a mountain-side motel, multiple cabins, resort, wedding venue or even your dream home. This +/- 31.37 acre property also contains multiple septic systems and 4 electric utility locations. Sealed Bid Auction Ends Thursday, May 30th, at 4 PM.5837 & 5841 Twine Hollow Rd., Salem, VA 24153. PREVIEW - Friday, May 17th at 4 PM. DIRECTIONS - From I-81 S, take Exit 132 to a left onto State Rte 647, to a left onto Twine Hollow Road. Property is on the right. BIDDER PACKET - Download the Bidder Packet for complete information on each offering. Bidder Packet has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in the Bidder Packet may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well. SEALED BID AUCTION - Property being offered in a sealed bid auction where bids are due by Thursday, May 30th, 2024, at 4 PM. If bids are emailed or mailed, use the form provided in the Bidder Packet. Please note that the current bid on the bidding platform is not reflective of property value. PRE-AUCTION SALES - As an agent for the Seller, the Auctioneer must present all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that "an offer" has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller's acceptance. A Broker Fee of 2% (of the High Bid Price) is offered to a cooperating NC State Licensed Real Estate Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided. Download Bidder Packet for Online Bidder's Agreement, maps, sample contracts, and property information. TERMS AND CONDITIONS: 10% Buyer's Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $25,000 is required on the day of sale. Close on or before July 15th, 2024. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction ends at 4 PM on May 30th, 2024. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.