Auction Information
Online Bidding SiteBig Spring Mill for Sale in Elliston VA
Big Spring Mill for Sale in Elliston VA
Search for your next business venture? Big Spring Mill has been one of the longest operating business for over 150 years! This family owned business/property is an iconic symbol of the New River Valley and is now available for purchase through online auction. The very successful flour/cornmeal mill and feed mill is ready to operate another 150 years with a new owner. Property features a 25,735 sq ft building that includes 2 working mills with a large amount of warehouse storage. There are 13 grain/storage bins. Property has access to rail car with Norfolk Southern. Dont want to keep the property in use as a mill? That is no problem, the property has endless possibilities for a new owner and/or a new type of business! All situated on +/-1.8 acres with public water and natural gas. This profitable treasured property is ready for a new owner to take ...
Search for your next business venture? Big Spring Mill has been one of the longest operating business for over 150 years! This family owned business/property is an iconic symbol of the New River Valley and is now available for purchase through online auction. The very successful flour/cornmeal mill and feed mill is ready to operate another 150 years with a new owner. Property features a 25,735 sq ft building that includes 2 working mills with a large amount of warehouse storage. There are 13 grain/storage bins. Property has access to rail car with Norfolk Southern. Dont want to keep the property in use as a mill? That is no problem, the property has endless possibilities for a new owner and/or a new type of business! All situated on +/-1.8 acres with public water and natural gas. This profitable treasured property is ready for a new owner to take over. A new roof was put on in July of 2023 to the office and storage building.
Online Auction Ends Thursday, March 13th, at 4 PM
1931 Big Spring Dr., Elliston, VA 24087
BIDDER PACK: Download Bidder Pack for complete information. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well.
SOFT CLOSE: If a bid is received within the last 2 minutes of the auction or after 4 PM, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates snipers and encourages fair and impartial bidding from all participants.
BUYERS PREMIUM TEN PERCENT (10%): Buyers Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyers Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyers premium = total purchase price of $110,000). Buyers Premium is not due until closing.
PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that an offer has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for sellers acceptance. A Referral Fee of 2% of the high bid is offered to a cooperating VA State Licensed Real Estate Salesperson/Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided. Download Bidder Pack for Online Bidders Agreement, maps, sample contracts, and property information.
TERMS AND CONDITIONS
10% Buyers Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $20,000 is required on the day of sale. Close on or before April 28th, 2025. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 4 PM on March 13th, 2025. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.
