For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, this 1.41-acre parcel adjacent to 39 Log Manor Rd in Spencer, VA is offered via a $1 starting-bid auction in the Martinsville, VA market. The vacant, unimproved site sits immediately next to an operating Dollar General and fronts a corridor carrying approximately 6,000 vehicles per day, positioning it as a ready-to-build pad for a retail, service, or quick-service user. With no existing improvements, a buyer can move directly to entitlement and construction, capturing the daily traffic and rooftop demand already established by the adjacent anchor. The $1 starting bid structure creates a transparent, competitive bidding environment with no reserve-driven floor discouraging early interest, giving investors and developers a clear path to acquire a small-format retail development site in a traffic-generating location at a price the market itself will set.
Due Diligence
Location
The offering sits adjacent to 39 Log Manor Rd in Spencer, VA, immediately beside an operating Dollar General store, within the greater Martinsville, VA retail corridor of Southside Virginia. The site fronts a roadway carrying an estimated 6,000 vehicles per day, giving any future development built-in visibility and steady drive-by traffic right at the property line.
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Platform Fee
Buyer pays a minimum platform fee of 5% or $20,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
