Open House – Tuesday, October 6th 12pm-2pm
Contact Mark Tomlin, 434-941-1814 or Mason Thomas, 434-665-7344 for private tours.
Positioned along one of Central Virginia’s major transportation corridors, this 3.12± acre corner property offers exceptional visibility and future development potential with approximately 575 feet of frontage on Route 460 and 520 feet along Sunburst Road. The property is currently residential and features a 4-bedroom brick home in need of restoration, 1 full bath, 2 half baths and access to public utilities. The prominent Route 460 location creates potential for future commercial, office, service, retail or other development uses, subject to zoning, utility capacity and applicable governmental approvals. Conveniently located within the greater Lynchburg, Virginia market near Timberlake Road, Leesville Road, Route 29/Wards Road, Liberty University, Lynchburg Regional Airport, shopping, dining, employment centers and established commercial development, this property presents an opportunity for buyers, investors and developers seeking high-visibility real estate along the Route 460 corridor. The property will be offered at live on-site auction with live, real-time online simulcast bidding available for bidder convenience.
Auction Terms and Conditions: In addition to the “General Terms and Conditions” referenced below, which apply to all of our services, the following Auction Terms and Conditions (“Auction Terms”) apply to the auction described above. Please review these Auction Terms and the General Terms and Conditions prior to participating or registering to participate in the auction, as they form a legally binding agreement between you and Nicholls Auction Marketing Group, Inc. (“Nicholls Auction”). Capitalized terms used but not defined in these Auction Terms will have the meanings ascribed to them in the General Terms and Conditions.
Approval to Bid: Approval to bid is subject to completing an on-site or on-line bidder registration form and verification of the required earnest money deposit by auction personnel. The approval of online bidders is subject to confirmation by the auction coordinator.
Earnest Money: A $10,000 deposit is due immediately after confirmation of Final Bid, must be presented at registration before the auction begins, and the balance is due at closing within 45 days or as soon thereafter as seller’s closing documents are available (unless prior written arrangements have been made by contacting Mark Tomlin @ 434-941-1814 or Mason Thomas @ 434-665-7344 ). Deposit must be in the form of a cashier’s check or certified check (from a US bank/financial institution) made payable to yourself, which you will endorse over to Nicholls Auction if you are the successful bidder. The deposit is non-refundable. The deposit will be held in a non-interest bearing escrow account until settlement. Subject to Nicholls Auction’s sole discretion, there is a possibility of a lesser deposit if proof of pre-approved financing is presented prior to auction.
Closing: If you are the successful Buyer (as defined in the General Terms), you must sign all documents and contracts immediately after the acceptance of the Final Bid. Buyer will also be required to make an appointment with the closing agent to pay the balance of the purchase price and receive the deed to the property. Closing is to take place on or before 45 days from date of auction (unless prior arrangements have been made with and agreed to in writing by Nicholls Auction). Buyer acknowledges and agrees that time is of the essence. Buyer will pay for all of their closing costs associated with the transaction (please see the General Terms).
Real Estate Salesperson/Broker Acknowledgment: Although having a real estate salesperson/broker is not required, if you are working with a real estate salesperson/broker, the real estate salesperson/broker must complete the Auction Bidder Representation Form available here: “Auction Bidder Representation Form”. In order for your real estate salesperson/broker to be compensated, the Auction Bidder Representation Form must be completed and properly submitted no later than 6 a.m. on the day of the auction, which is 10/16/2026 (no exceptions). A registered real estate salesperson/broker can only represent one buyer at each auction event. If the auction at which you wish to bid has a live bidding component, your real estate salesperson/broker must attend the auction event in person regardless of whether you are bidding live in person on site or bidding on line off site, and real estate salesperson/broker must adhere to all terms.
Auction Premium: A 10% auction premium will be added to the Final Bid and will become a part of the purchase price (10% Auction Premium Example: Bid Price: $100,000, Plus 10% Auction Premium of $10,000; Total Contract Price = $110,000). The auction premium is non-negotiable.
Information is not Guaranteed; Sale is “AS IS” with all Faults: Please refer to the “Property Information Packet” (found within the “Documents” section for this auction at www.nichollsauction.com) for more details about this auction. All information and dimensions made available by Nicholls Auction concerning the property was derived from sources believed to be correct, but are not guaranteed to be correct. You agree to conduct your own investigation and inspection prior to bidding, and you agree to rely on your own information, judgment, and inspection of the property. Any reliance on any of the information or dimensions made available by Nicholls Auction concerning the property is solely at your risk. The property is being sold ’AS IS’ with any and all faults. Please review all information supplied and seek appropriate assistance prior to bidding. All announcements made on the day of the auction will take precedence over all previously provided material and any other oral statements made.
No Contingencies: The sale of the property and Buyer’s obligation to purchase of the property is NOT contingent upon Buyer’s financing, the condition of property, an appraisal, an inspection, or any other condition (except to the extent provided in the applicable contract documents or required by applicable law).
Online Simulcast Bidding: Subject to the “Online Simulcast Terms” below, we are happy to offer online/simulcast bidding for bidders who cannot physically attend the live auction event. Please understand (and you hereby agree) that online bidding will only be allowed if you are physically NOT on site at the live auction. Online bidding will NOT be allowed if you are physically in attendance at the live auction event. If compatible with your mobile or computer device, you can download our app in the Apple App Store or Google Play Store or use your web browser to register for and then bid during the live auction. Please see the next section for “Online Simulcast Terms.”
Online Simulcast Terms: The following additional terms form a part of the Auction Terms and apply to you if you are registered for or participating in LIVE ONLINE SIMULCAST BIDDING. If there is a conflict between any provision in these Online Simulcast Terms and the Auction Terms, the conflicting provision in these Online Simulcast Terms will control:
General Terms and Conditions also Apply: Please review our General Terms and Conditions (the “General Terms”) found here: “General Terms and Conditions” which form a part of your agreement with us and govern your access to or use of any of our products or services, including, without limitation, our auctions, our website and our mobile applications.
This auction is held in conjunction with Nicholls Auction Marketing Group. You will register on the Nicholls Auction Group bidding platform: https://bid.nichollsauction.com/ui/auctions/169655/26157189.
Nicholls Auction Marketing Group, with over 5 decades of auction superiority and over 250 years of combined experience, has been synonymous with excellence and success in the auction marketing and sale of real estate.
About Greater Lynchburg, Virginia
Greater Lynchburg is a growing Central Virginia market where education, healthcare, advanced manufacturing, nuclear technology and engineering create a diverse economic foundation. The region is home to major institutions and employers including Liberty University, Centra Health, BWX Technologies, Framatome and L3Harris Technologies, while Lynchburg serves as the commercial, employment and service hub for surrounding communities throughout Amherst, Bedford, Campbell and Appomattox counties. The area has an especially strong manufacturing and nuclear-energy presence, supported by a skilled workforce and multiple colleges and universities. Lynchburg’s location near the geographic center of Virginia also provides businesses and investors access to major regional transportation corridors connecting Central Virginia with markets across the Commonwealth and beyond.
For real estate investors and developers, Greater Lynchburg offers a compelling combination of established employment centers, higher education, continued business investment and room for future growth. Lynchburg continues to see investment in manufacturing, healthcare, infrastructure, downtown redevelopment and commercial development, while corridors such as Route 460, Route 29, Wards Road and Timberlake Road connect many of the region’s largest employers, retail centers, neighborhoods and institutions. With Liberty University, Lynchburg Regional Airport, major healthcare facilities and nationally significant nuclear and advanced-manufacturing employers all contributing to the regional economy, Greater Lynchburg presents opportunities across residential, retail, office, service, industrial and redevelopment sectors for investors looking to establish a presence in Central Virginia.
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Thank you for considering T & T Realty & Auction for your auction needs. We look forward to working with you and helping you achieve success in your auction endeavors.
