#3 • 4 BR/2.5 BA Multi-Tenant Home and Large Detached Shop/Garage on 1.619 +/- 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 $252,500.00

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 an 18,000+ sf. commercial building on 1.917 +/- acres--All 3 parcels total 4.6 +/- acres!! Historic 4 BR/2.5 BA 2,932 +/- gross sf. multi-tenant home on 1.619 +/- acres (circa 1820) The home is currently set up as a duplex, but can easily be converted to a single-family home. Apartment 150A 2 BR/1.5 BA, large eat-in kitchen (dishwasher conveys), dining room, living room, large foyer and covered porch. Flooring:  hardwood throughout; vinyl in kitchen & enclosed utility porch Fireplaces in living room & bedroom Washer/dryer convey Apartment 150B Separate exterior entrance 2 BR/1 BA, kitchen (refrigerator & range convey), covered front porch, attic w/scuttle-hole access Flooring:  hardwood; vinyl in bathroom One fireplace Washer/dryer convey  Basement/cellar: walk-up access; interior access; utility area; mechanical equipment Heating:  heat pump; Cooling:  window AC units Main residence is presently supplied by a shared well located on another parcel, and has public sewer.  The original well on this property remains in place, and can be returned to service if desired.  Electric water heater Detached cottage:  approx. 16'x20'; metal roof; aluminum siding; chimney; utilizes original well on the property Large covered carport; detached 30'x36' storage/garage/shop building; additional outbuildings Access is available from both N Main St. & Washington St. 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-15; Deed Book:  22/1643; Zoning:  A-1; Annual county real estate taxes:  $1,917; Home was constructed in 1820 w/additions added in the 1900s; $10,000 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 $200,000 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.