Valley Timber Sales Inc.

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30590059
Property Subtypes: Mixed Use, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 26,952 SF
Gross Land Area: 7.99 SF
Sale Price: $1,900,000
Unit Price: $70.50 PSF
Office SF: 1,308 SF
Property Use Type: Business
Building Name: Valley Timber Sales (VTS)
Sale Terms: Cash to Seller, Other
Up For Auction: Yes
Auction Type: Undisclosed Reserve
Call for Offers: Yes
Cap Rate: Undisclosed
Last Updated: 10/25/2020

Overview / Comments

Valley Timber Sales operates on 7.991 acres zoned I-2 (Industrial General). The VTS business entails acquiring wood, then treating, selling and shipping the finished product. This offering is for the real estate plus the VTS business and its related business property. The highest and best use is Industrial Development. Continued use by VTS and its existing improvements make sense until a new use of the Property can be developed.

Additional Details

Nearest MSA: Charlottesville
County: Orange
Taxing Authority: Louisa
Tax ID/APN: 52 8 A
Highway Access: frontage on James Madison Highway (Route 15)
Airports: Orange and Charlottesville
Site Description: level and ready for further development
Area Description: adjacent to Spring Creek (residential) and across street from The Shoppes at Spring Creek (retail and dining shopping center) and just up the street from the Spring Creek Business Park
Property Condition: Average
Parking Type: Surface
Parking Description: abundant parking
Interior Description: mix of office, treatment and storage buildings
Zoning Description: I-2 (Industrial General). The intent of I-2 zoning is to encourage the development of and the continued use of land designated for medium and heavy industrial purposes. List of permitted uses is avaialbel
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Valley Timber Sales Inc
Legal Description: Louisa TM 52-8-A and further described in DB 249-417

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,960 12,052
Median Age: 40.92 40.06
Households: 1,132 4,116
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