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Auction

La Crosse Commerce Center � Space, Income & Potential

La Crosse Commerce Center � Space, Income & Potential

Description

#73950-#73485 Discover an exceptional commercial investment opportunity at The La Crosse Commerce Center, 100 North Carter Street in La Crosse, Virginia. Offering more than 24,000 square feet of commercial space on 2.3� acres, this established Mecklenburg County property combines substantial square footage, multiple commercial units, existing rental income, and flexibility for future use. Zoned B-3 and served by public utilities, the property is configured for multi-tenant occupancy with a versatile combination of office, retail, assembly, and specialty-use spaces. According to county records, the building includes approximately 16,323 square feet of office and retail space, along with a 4,793-square-foot former theater/auditorium and additional basement space. The owner indicates there are a total of 16 commercial units throughout the building, providing an established framework for multiple tenants and diverse business uses. The property currently generates rental income, making it particularly appealing to investors looking for an income-producing commercial asset with additional long-term potential. Several suites have been refurbished or remodeled, while insulation has been added throughout much of the building. Additional improvements have also been completed within the former theater area. Originally constructed in 1953, this substantial brick building has evolved through decades of commercial use, with individual suites and spaces improved at different times to accommodate a variety of tenants and business needs. Additional property features include multiple restrooms, varied commercial layouts, public utilities, and approximately 8,100 square feet of asphalt improvements. The flexible configuration may allow an investor to continue operating the property as a multi-tenant commercial center, while an owner-user could potentially occupy a portion of the building while maintaining rental income from other units. With 2.3� acres, more than 24,000 square feet, B-3 zoning, multiple commercial units, and an existing income stream, The La Crosse Commerce Center offers an exciting opportunity in Mecklenburg County. Whether your goals include expanding a commercial portfolio, establishing a business location, creating additional tenant spaces, or maximizing the property's income-producing potential, this unique commercial property deserves a closer look. Invest in space, flexibility, and opportunity in La Crosse, Virginia! "BUY IT NOW" for $525000.00 Call Today! 434-374-2011 Email: [email protected]

Terms & conditions

AUCTION TERMS & CONDITIONS: REAL ESTATE Bidding & Registration Registration: All prospective buyers must register prior to bidding. There is no obligation to bid. Pre-Approval Requirement: Bidders requiring a mortgage to purchase the property must submit a lender pre-approval letter prior to registering for the auction. Property Inspections: Bidders are strongly encouraged to inspect the property prior to bidding. All inspections must be completed before the auction closes. As-Is Sale: Property is sold "AS-IS, WHERE-IS" with all faults and with no guarantees or warranties, express or implied, other than good title. Deposit & Contract Requirements Deposit Amount: The successful high bidder must post a $2,500 non-refundable earnest money deposit per parcel. Payment Deadline: Deposit must be paid via wire transfer or in-person by 5:00 PM ET within 48 hours / the day after the auction closes. Credit Card Authorization: The high bidder�s credit card may be immediately charged $2,500 following the auction, which will be refunded once the formal earnest money deposit is received. Sales Contract: The successful bidder must sign the standard Real Estate Sales Contract without modifications by 5:00 PM ET the day after the auction closes. Cash Sale: This is a cash transaction and is not contingent upon financing, appraisal, inspection, or any other buyer contingencies. Buyer�s Premium & Purchase Price 10% Buyer�s Premium: A 10% Buyer�s Premium will be added to the high bid price to determine the final contract purchase price. (Example: A high bid of $100,000 + 10% Buyer�s Premium = $111,000 total contract purchase price). Trust Account: All deposit checks/funds must be payable to the United Country Virginia Realty, Inc. Trust Account. Closing & Seller Confirmation Seller Confirmation: All sales are subject to seller confirmation. Acceptance or rejection of the high bid will be confirmed by 5:00 PM ET on the second business day following the close of the auction. Closing Date: Closing will occur on or before December 31, 2026 (or within 45 days of auction closing). Buyer will receive a Deed free and clear of all liens, except recorded easements and rights-of-way. Default: If closing does not take place on or before December 31, 2026, the auctioneer reserves all legal remedies, including retaining deposit monies as liquidated damages. Agency & Disclaimer Agency Disclosure: United Country Virginia Realty and its agents represent the Seller only and owe fiduciary duties of loyalty to the client. Contact: For complete terms, questions, or sample contracts, call 434-917-0778 or email [email protected].

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