Valuable Commercial and Residential Estate For Sale At Online Auction
Closing October 8, 2025 @ 1:00 PM

In partnership with Lee & Associates Real Estate, we are offering at online auction a total of 22.095 +/- acres in four tracts located in the town of Broadway VA. Two tracts are zoned B-1 commercial, one tract is R-1 residential, and one is C-1 conservation district. The B-1 tracts have frontage on RT 259 (W Lee St) with an operating car wash on one lot and a house on the other lot. The R-1 property has frontage on Holly Hill St and the C-1 property has frontage on Spar Mine Rd. There are many opportunities for development, redevelopment, recreation, and agricultural uses in the heart of Broadway VA. 

This Is An Online Only Auction - All Bids Must Be Submitted On The Website. Click The "Bid Online Now" Button To See Property Details and To Bid.

Click Here For An Overview Video

Tract #1 -  is 1.828 +/- acres located on the corner of W. Lee St and Holly Hill St. It is zoned B-1 (See Documents Tab For List Of Approved Uses). This tract is improved by an income producing 4 bay car wash facility. The car wash is well maintained and in good working condition however the equipment is dated. There are 3 manual wash bays, one automatic wash bay, and a number of vacuum and vending machines. The automatic car wash equipment is a 2009 Mark VII. There are opportunities here for redevelopment or simply continue to operate the existing car wash facility. This tract is served by public water and sewer. Electric power is provided by Dominion with two 150 amp service panels in the car wash mechanical room. Natural gas is provided by Columbia Gas. There are existing utility and drainage easements in place along W. Lee St. (See Documents Tab for survey). The lower part of this tract crosses to the far side of Linville Creek and is in the 100 year flood plain. There is a town of Broadway sewer line easement along Linville Creek. This tract is a part of the proposed division of the original tax map parcel ID # 51-A-69E. Division has been approved by the town of Broadway.

Tract #2 - is 6.428 +/- acres located along Holly Hill St and zoned R-1 (See Documents Tab For List Of Approved Uses). Public water line runs along Holly Hill St. and public sewer line easement is along Linville Creek on the lower side of the property. There is 623 ft of road frontage on Holly Hill St. Part of this tract is in the 100 year flood plain but there is plenty of higher ground along the street for residential development that wouldn't be in the flood plain. This tract is a part of the proposed division of the original tax map parcel ID # 51-A-69E. Division has been approved by the town of Broadway.

Tract #3- is 1.55 +/- acres located on the corners of W. Lee St and Shenandoah Ave. This tract is made up of two tax map parcels zoned B-1 (See Documents Tab For List Of Approved Uses). The 1.3 +/- acre portion is on the northwest side of Shenandoah Ave and is improved by a 3 bedroom, 1 bath home with approximately 1,488 sq ft of living space. The 0.25+/- acre tax map parcel is on the southeast side of Shenandoah Ave and is unimproved. This tract is served by public water on the north side of Shenandoah Ave and sewer on the south side of Shenandoah Ave with a utility easement from Dominion Energy along W Lee St as well as a fire hydrant. The 0.25 acre parcel and the very rear edge of the 1.3 acre parcel are in the 100 year flood plain but the house is not in the flood plain. The house is old and in poor condition. It is currently occupied by a long term tenant on a month to month basis and the tenant has expressed interest in continuing to rent. This tract is a part of the proposed division of the original tax map parcel ID # 51-A-69C. Division has been approved by the town of Broadway.

Tract #4 - is 12.259 +/- acres located along the North Fork of the Shenandoah River with 383 ft of road frontage on Spar Mine Rd. This property is zoned C-1 (See Documents Tab For List Of Approved Uses). This property has been used for crop farming in recent years but no crop was planted this year. This tract offers opportunities for recreation and agricultural uses. The entire tract is in the 100 year flood plain. There are no public water or sewer lines on this tract but there is an electric powerline easement across the tract.  This land is currently in land use.  If buyer wishes to change the use of the land and take it out of land use, rollback taxes will be due.  Current estimate for that is $3,452. This tract is a part of the proposed division of the original tax map parcel ID # 51-A-69C. This land is currently in land use. Division has been approved by the town of Broadway.

These properties come with recent surveys (See Documents Tab) and divisions which will be recorded after the auction at closing. Closing will be at the offices of Members Title in Harrisonburg.

The bidding for all of these tracts will close at 1:00 PM October 8, 2025 with a two minute auto extend. This means that if a bid is placed on any tract within the last two minutes, the bidding will be extended on all tracts for an additional two minutes. If you wish to buy more than one tract, you will need to be the final high bidder on all the tracts you wish to purchase.

We Guarantee A Free And Clear Title To The Property

This property is being sold subject to seller confirmation with a starting bid of $25,000 per tract. 

Property Tour Dates: Feel free to visit the properties anytime during daylight hours. The existing house is occupied by a tenant and will not be available for preview anytime except the published property tour dates. Scheduled property tour date is Friday September 19 from 4-6 PM. If you would like an agent to show you the property at some other time or answer any questions you may have please call or text Linford Berry - Auctioneer at 540-476-3309 or Jeff Robb - Agent at 540-478-7616

Property Highlights: 

• High Growth and High Traffic Area Of Broadway

• Average Daily Traffic Count on W. Lee St (Rt 259) was 14,182 in 2022

• Income Potential From Existing Facilities

• Opportunity For Development or Redevelopment

• Municipal Water and Sewer Available On Tracts 1-3

• River Frontage On North Fork Of Shenandoah and Linville Creek

• Recent Boundary Line Surveys

• Properties Near Shopping, Dining, and Broadway High School

Additional Information Can Be Found By Clicking The “Bid Online Now” Button

Terms and Conditions:

• WE GUARANTEE A FREE AND CLEAR DEED TO THE PROPERTY
• This property is being sold in AS-IS condition with no financing/appraisal/inspection contingencies. Bidders are strongly encouraged to inspect the property themselves and/or enlist the assistance of professional inspectors or contractors in evaluating the condition and value of the property. All inspections must be performed prior to the auction.
• Buyers Premium: There will be a 10% Buyers Premium added to the high bid to determine total contract purchase price. (For example a 100,000 bid would have a buyers premium of $10,000 added for a total purchase price of $110,000).
• Payment Terms: Payment will be in the form of Cash or Cash Equivalent with a $10,000 non-refundable deposit per tract due the day of the auction (within 24 hours for online bidders at a distance) and the balance due at closing on or before 45 days. Deposit will be applied to the purchase price at closing. Please do not bid if you are not able to close within 45 days. Closing will take place at Members Title, 1675 Virginia Ave, Harrisonburg VA.
• Financing can be obtained for the property, but the sale is not contingent upon obtaining financing.
• All information provided by Mountain Valley Auction Group was obtained from sources believed to be reliable but are not guaranteed. Buyer shall rely on their own information, judgment, and inspection of the property.
• View the sample purchase agreement and complete terms under the "Docs" tab or drop down menu under the photo

Note For Real Estate Agents: Preapproved (No later than 5:00 PM on October 7) buyers agent participation will be compensated. Click Here For Form

Click Here To See Property Details And Bid

Real Estate Auction Terms Of Sale:

This auction is conducted by Mountain Valley Auction Group LLC and Lee & Associates Real Estate (Auctioneer) on behalf of the owners of the property referred to as the (Seller). Auctioneer is not responsible for the acts of the Seller or statements made by the Seller before, during, or after the auction. The auction shall be governed by the terms set forth herein and any announcements made at the auction. The act of submitting a bid shall constitute Bidder’s acceptance of each and every term and condition contained in these terms and conditions and shall form a binding contract of intent to purchase between the Bidder and the Auctioneer. All persons attending the auction and inspecting the property assume all risks whatsoever of damage or loss to person and property and specifically release the Auctioneer from all liability. Auctioneer is not liable by reason of any defect in, or condition of, the property or the premises on which the preview/sale is held. Auctioneer is released for any claims or actual damage to the property sold and/or consequential damages that may result from the sale of defective property.

PAYMENT TERMS:
A signed contract and a nonrefundable deposit of $10,000 for each tract is required from the high bidder(s) immediately after confirmation of final bid and the balance due at closing on or before 45 days (unless prior arrangements have been made with the auctioneer). Deposit must be in the form of a wire transfer or check drawn on a US bank. The signed contract and nonrefundable deposit is due within 24 hours of the auction ending unless other arrangements have been made with Auctioneer prior to the close of the auction. Title shall to be delivered free of all liens or encumbrances as more specifically set forth in the Sale Contract. All settlement and closing costs will be the responsibility of the buyer and the property taxes will be prorated as of the day of settlement. Members Title at 1675 Virginia Ave Harrisonburg VA will handle closing.

BUYER’S PREMIUM:
A 10% buyer’s premium will be added to the final bid to become part of the purchase price at settlement. Buyer agrees to these provisions and will pay the applicable buyer’s premium.

DISCLOSURES/NO WARRANTY:
There is no warranty offered, expressed or implied, by Auctioneer or Seller for any property. All property is sold AS-IS, WHERE-IS, and with all faults and defects therein. ALL SALES ARE FINAL and are not contingent on any financing, appraisal, or inspections. All inspections of the property must be done before the auction. Closing must be within 45 days and time is of the essence. All information provided is believed to be correct but NO warranty as such is either expressed or implied, including but not limited to the warranty of merchantability or fitness for a particular purpose. Bidder is solely responsible to determine condition, value or any other determinative factors. The Auctioneer strongly encourages bidders to attend preview/property tours and retain the services of building inspectors or other professionals in order to determine the value and condition of the property.

BIDDER REGISTRATION:
By registering and bidding, Bidder acknowledges that they have read and agree to the terms and conditions of this auction. Bidder agrees to sign the contract of sale and other documents related to the transaction, pay the earnest money deposit and close the transaction within 45 days if their winning bid is accepted. Bidder must be 18 years of age or older and is required to register for the auction. In registration, Bidder must submit information found to be current, complete and accurate for proper identification by Auctioneer. Bidder’s registration is not transferable or assignable. Auctioneer reserves the right to deny or restrict any bidders registration with or without cause. Bidder must register to participate in the auction. If you have any questions, please call the auctioneer at 540-476-3309.

BIDDING:
Using YOUR knowledge and experience, form your own opinion of the property and bid accordingly. If you are in doubt, DO NOT BID. The property is sold AS-IS; this is an AUCTION and all SALES ARE FINAL. Bids cannot be retracted and are binding contracts between Bidder and Auctioneer/Seller. Bidder is accountable to be informed about property and associated costs before bidding. A maximum bid can be placed on the property in the online bidding interface. A maximum bid is kept confidential. Except for properties noted “Absolute Auction,” all properties in auctions will be sold subject to seller confirmation or will have a pre-established minimum Reserve Price. The starting bid is not the Reserve Price. Except where prohibited by law, Auctioneer may counter bid on behalf of Seller on any property up to the amount of the Reserve Price (and no such bid will result in a sale of the property). If the Reserve Price is not met, Seller is under no obligation to sell the property; however, Seller may accept a bid that is below the Reserve Price in its sole discretion.

BIDDER VERIFICATION & QUALIFICATION:
The identity of all bidders will be verified prior to participation. The Auctioneer may require a proof of funds letter be submitted prior to bidder participation. A credit card is required to register for online bidding. No charges will be made to your card unless you are determined to be the winning bidder and you fail to execute the Contract of Sale and pay the required earnest money deposit. At the discretion of the Auctioneer, a penalty of $1,000.00 will be charged to the credit card provided at registration if you fail to return the signed Contract of Sale and pay the required earnest money deposit within the required time period. Payment of the penalty shall not affect other remedies available to the Seller for such failure.

BROKER COMPENSATION:
Preapproved (No later than 5:00 PM the day before the auction ends) brokers participation will be compensated. Twenty percent (20%) of the buyers premium will be paid to a qualified licensed real estate agent whose registered buyer's offer is accepted by the seller and closes on the property. To qualify for a commission, the agent must first register his/her self and client with the Auctioneer at least 24 hours prior to the close of auction. Brokers only receive commission when they represent a client, not if they themselves are the client. Commissions will be paid only after closing and after the Auctioneer has been paid in full. Agents are not required to attend the closing but must attend the auction with their client and/or visit the property with their client during the marketing period. Agents must have client's permission to register him/her for the auction. Agents may not register people who are not actually their clients. If an agent has not met all of these requirements, no commission will be paid to the cooperating agent, even if the agent's client purchases the property. Under no circumstances whatsoever will any commission be paid if the sale does not close for any reason.