News Column

Undeveloped Roanoke County land bordered by Tinker Creek to sell in Woltz auction

May 9, 2014



By a News Reporter-Staff News Editor at Real Estate Weekly News -- A 14.89-acre commercial property in Roanoke County bordered by Hollins Road and Tinker Creek will sell at auction Tuesday, May 20 - possibly at a price that's more than 40 percent below its tax assessed value. Woltz & Associates will manage the sale.

"This is an incredible opportunity on a commercial property that combines approximately 460 feet of frontage on Hollins Road, easy access to Interstate 81, stunning views of the Blue Ridge Mountains, and frontage on Tinker Creek," said Jim Woltz, president of the Roanoke-based auction company.

"Most importantly, someone could have this incredible piece of land for far less than its assessed value. The owners have agreed to sell it to the highest bidder over a published minimum of $299,000, even though its tax assessment is for $522,100," said Woltz.

Approximately 7 acres of the land have already been graded, he said.

"At one time, Fellowship Baptist Church had plans for building on the site, and it was cleared for that purpose. However, that never came to fruition. It is currently zoned C-1S, Office District, and was previously I-1. It has water, sewer, electric, gas and telephone readily available. I can envision this becoming a church, offices, a private school, a retail property or any of a number of other uses," said Woltz.

The property will be offered in two tracts, of 8.9 acres and 6.0 acres and may be purchased as a whole as well.

The auction will begin at 1 p.m. at Fellowship Baptist Church, 929 Murray Ave., Roanoke, Va., 24013. Woltz personnel will be available at the property to provide detailed information and guide inspections from noon to 3 p.m. Tuesday, May 6, and Tuesday, May 13.

Individuals seeking additional information may visit www.woltz.com, or call 800-551-3588.

Woltz & Associates, based in Roanoke, Va., is one of the nation's leading auctioneers of homes, land and other high-value properties throughout the United States, with an emphasis on the Mid-Atlantic Region.

Keywords for this news article include: Real Estate, Woltz & Associates.

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Source: Real Estate Weekly News


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