Remarks

***AUCTION*** List price is STARTING BID only.  Price TBD thru Online Only Bidding.  Bidding closes on July 31, 2024, at 3:00 pm (EST).   Property Tour:  July 19, 2024, @ 1:00 pm SHARP!

"Bidding is Currently Active Online".
Please bid early and often & understand that the online only bidding begins to close on Wednesday, July 31, 2024 @ 3:00PM (Eastern).

You will also have the opportunity to purchase the adjacent 2.8 +/- acre commercial parcel (!!

4.72 +/- Acres w/28,486 +/- sf. Building (currently utilized as a cinema)
Building has 27' eave height and features 9 movies screens (7 w/stadium seating), Dolby Digital sound & digital projection throughout, highest quality picture, 3-D movie projection, concert & sporting events via satellite and 1,325 seating capacity
224 parking spaces (asphalt parking lot)
490' +/- of I-95 Frontage; Daily traffic count on I-95 (North & South bound): 115,000 vehicles (both parcels total over 900' +/- of I-95 frontage)
Triple net lease w/tenant paying all common area maintenance charges, personal property & real estate taxes and repairs/maintenance. Original term of lease was 25 years and expiration date has been extended to 8/31/24.
Utilities & storm water management on site
Your neighbors are DMV, hotels, major fast food restaurants, U-Haul, hospital, community college & more!!
Located off of Rt. 1 in the Southpoint I development, and less than 1 mile from I-95 interchange (Exit 126), 1 miles from Rt. 17, miles from Spotsylvania Regional Medical Center, 6 miles from Shannon Airport, 6.5 miles from Mary Washington Hospital & University of Mary Washington, 15 miles from Stafford Regional Airport, minutes form downtown historic Fredericksburg, and a short drive to Richmond, Northern Virginia & DC!!
Tax Map: 35-7-J1; Zoned: C-3 (CLICK HERE for C-3 Zoning Uses); Yearly real estate taxes: $25,812; $75,000 deposit (wired funds or certified check ONLY) is due immediately after confirmation of final bid and the balance due at closing within 60 days; Building was completed in 1998; WE GUARANTEE A FREE & CLEAR DEED
Only $1,500,000 Starting Bid!!

Details

MLS#: VASP2025996
Price: $1,500,000

Year Built: 1998

County: SPOTSYLVANIA
Tax Fee: 24674.0