Open Building Land for Sale in Floyd County VA!

Open Building Land for Sale in Floyd County VA!

You have the opportunity to purchase land for sale at auction in Floyd County VA. There are 8 offerings available which are being sold simultaneously. THIS TRACT IS KNOWN AS OFFERING 8. The tracts are located on Laurel Branch Road just outside the Town of Floyd. Great location convenient to Floyd, Christiansburg VA, Blacksburg VA, Radford VA and Hillsville VA. Land is mostly open farmland with great views and frontage on Dodd’s Creek. Properties are great for building country homes or for farming. Bidders desiring multiple tracts will need to be high bidder on all tracts desired. Each offering will stay open until all bidding is complete and all offerings will close simultaneously. Easements for electricity available.

Online Auction Ending Thursday October 27^th @ 4 PM
Laurel Branch Rd NW., Floyd, VA 24091

*OFFERING #’s do not match tract #’s on survey* Bids placed will be according to offering #’s shown on sale maps not final survey. Final Survey is located at end of Bidder Pack. 

Click Here for Interactive Map – Be sure to open interactive map that shows boundaries, creek frontage, buildings, springs, and more. You can zoom in and click on icons and boundaries for additional information about property.

Click Here for Bidder Pack

OFFERING #8 - This offering consists of 10.943 acres of open land. It is open land. This tract is located on opposite side of road from offerings # 1 - # 6. This would be an excellent homesite with gorgeous country views. 201’ of frontage on Laurel Branch Road.

ONLINE BIDDING – Online bidding is now active and runs through 4 PM on October 27^th, 2022. SOFT CLOSE.

DIRECTIONS - From Floyd Stoplight, take Rt 221 South towards Hillsville, VA, just outside Town of Floyd right on Laurel Branch Rd beside Slaughter’s Supermarket, go 1/4^th of a mile and property is on both sides of Laurel Branch Road.

CONTACT– Broker & Auctioneer Matt Gallimore at 540-239-2585 or email gallimore.matt@gmail.com

DEED RESTRICTIONS: Deed Restrictions will be placed on property prior to closing. Deed Restrictions will restrict the following. No Industrial, feed lots, chicken farms or poultry houses, trailer parks, single-wide mobile homes, and junk yards or junk cars. Double-wide mobile homes on permanent foundation will be allowed. 

WATER TROUGHS and LINES – There are water troughs located throughout the property that access water from the well located on 549 Laurel Branch Road, Floyd VA. Seller is retaining that tract and water rights will not be granted to the troughs from that well. Purchasers will need to install their own wells. There is a map that shows location of waterlines in bidder pack. 

BIDDER PACK: Download Bidder Pack for complete information on each offering. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and soil work. Some of the plats in Bidder Pack have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well.

SOFT CLOSE: If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants.

SIMULTANEOUS CLOSE OF LOT BIDDING: Bidders desiring more than one lot will need to be high bidder on all lots desired. Each offering will stay open until all bidding is complete and all offerings will close simultaneously.

BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final bid price place online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer’s Premium shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000).

GENERAL TERMS AND CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 per tract required on day of sale (October 27^th 2022). Close on or before December 12^th, 2022. Subject to seller confirmation.  Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence. Tracts are being offered individually and if bidder wishes to purchase multiple tracts, bidder will need to be the high/winning bidder on both offerings. Auction starts ending at 4 PM on October 27^th 2022. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.

PRE – AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and 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 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 Buyer’s Broker Fee of (2%) is offered on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.