#1 • 18,000+ sf. Commercial Building w/Open Floor Plan, Asphalt Parking Lot & Loading Dock on 1.9 +/- Acres in Downtown Madison, VA--ONLINE ONLY BIDDING!!

Part of 18,000+ sf. Commercial Building w/Open Floor Plan, Asphalt Parking Lot & Loading Dock on 1.9 +/- Acres in Downtown Madison, VA--ONLINE ONLY BIDDING!! (timed auction by Nicholls Auction Marketing Grp)

High bid $470,000.00

Status: Sold

PUBLIC REAL ESTATE AUCTION EVENT ONLINE ONLY BIDDING!! By Order of the Trustees:  Small-town downtown setting with regional accessibility--Rare opportunity to acquire one of the largest undeveloped/redevelopment tracts within the Town of Madison, VA--BID NOW!!  ONLINE ONLY BIDDING!! Please bid early and often & understand the online only bidding begins to close on Monday, September 14, 2026 @ 12:00 Noon (Eastern). Need Financing?....Just click on one of the lenders in the "Financing" menu above. Property Tour:  Monday, August 31, 2026 @ 12:00 Noon SHARP!! (Feel free to bring your inspector/contractor).  Please contact Tony Wilson for additional information (540-748-1359). You will also have the opportunity to purchase an adjacent 1.07 +/- acre multi-use vacant lot AND a 2,900 +/- sf. multi-tenant home on 1.62 +/- acres--All 3 parcels total 4.6 +/- acres!! 18,660 +/- sf. commercial brick building on 1.917 +/- acres The building, in need of renovation, has an open floor plan, an asphalt parking lot, approx. 12' ceilings, a loading dock w/10' door, 3-phase power and 2 heat pump systems. This parcel has 200' +/- of frontage on Washington St. Public water is available at the street; the building is presently connected to a well located on the adjacent lot (this lot is also being sold, and if purchased separately, a shared well agreement will be required).  Public sewer is connected. Power:  Rappahannock Electric Co-op Located within walking distance to downtown Madison, minutes from Rt. 29, approx. 30 minutes to Charlottesville, 25 minutes to Culpeper, 45 minutes to Fredericksburg & 90 minutes to NOVA & DC!! Tax Map:  39A-16; Deed Book:  WB-59-322; Zoning:  B (Business--CLICK HERE for zoning information); Annual county real estate taxes:  $3,545; Building was constructed in 1962 and features brick & masonry exterior; $15,000 deposit (wired funds or certified check ONLY) is due immediately after confirmation of the final bid and the balance due at closing within 45 days;  WE GUARANTEE A FREE & CLEAR DEED Only $300,000 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 auction bidder representation 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 (9/14/26), and all terms adhered to.