SOURCE: Woltz & Associates

Woltz & Associates

September 17, 2009 11:27 ET

Commercial Land Auction: Tracts Near Hospital and Along Jackson River to Sell in Woltz Auction

COVINGTON, VA--(Marketwire - September 17, 2009) - Approximately 31.6 acres of commercial property along Interstate 64 -- including one parcel fronting along the Jackson River -- will be sold in a Woltz auction on Wednesday, October 21.

The property will sell in two tracts, including a tract of approximately 2.66 acres near Allegheny Regional Hospital. The tract will sell at absolute auction, with no minimum or reserve, according to Charlie Wade, who is managing the sale for Woltz & Associates.

The larger tract -- approximately 28.94 acres -- sits between Interstate 64 and the Jackson River and has approximately 2,500 feet of frontage on the Jackson River. It will sell to the highest bidder above a minimum bid of $200,000.

"Both of these tracts are zoned for business and represent significant opportunities in an area that already has a great deal of supporting development. The 2.66-acre tract is suitable for a wide variety of uses such as offices, lodging or even retail, with a substantial built-in customer base of employees of the hospital, Brian Center, Mead/Westavco and other establishments," said Wade.

The riverfront tract also fronts on Winterberry Avenue and is near the Alleghany Highlands Industrial Park and the Alleghany County Governmental Complex. "This is also the main route to the Alleghany middle and high schools, the river frontage assures a wide range of possibilities," said Wade.

The auction will be held at 5 p.m. at the Compare Inn & Suites in Covington, Va. Inspections of the site will be held October 7 and 14 from 2 p.m. to 4 p.m.

Individuals interested in more information about the property may contact Woltz at 800-551-3588 or visit the company's web site at www.woltz.com.

Woltz & Associates, headquartered in Roanoke, Va., specializes in the sale of land, estates and other properties through auctions and broker listings.

Contact Information

  • For more information:
    Carl Carter
    205.823.3273