Millstone Suffolk is roughly 82 acres just west of the U.S. Route 13 corridor in the City of Suffolk. This property was approved for residential building lots in 2010; however, the property was not developed due to market conditions. At that time, it was developed in conjunction with the adjacent land, but neither site was developed beyond administrative approval.
The Millstone development, a venture by adjacent landowners, was approved for around 166 lots, of which 106 are associated with the subject property. In 2010, the sites were approved to be 15,000 square feet in size. The O-I zoned land at the southeast corner was to be utlized as greenspace, but could be used for office or self-storage as the O-I land could not be utilized for housing units as it was within an FAA zone.
Since that time, the airport to the southeast has ceased operations and the site is not within the FAA zone precluding residential development. The adjacent landowner recently sought and obtained approval for a residential subdivision with smaller lots. Improving economic conditions have stimulated the economy and this property is waiting to be developed.
We are proud to represent the Art Ray Corp. in marketing this development opportunity via a live auction on February 5, 2019 at 11 a.m. Online bidding and simulcast will be available.
You are invited to search the documents section of this website for more information. Please view all photos and watch the informational video to learn more about this property and the bidding process.
Terms and conditions for the auction and information about the property can be found in the bidder package at this link
You may register and bid at www.suffolkrealestate.auction. The auction will be simulcast at this link on the day of the sale, or you can attend and bid in person.
There will be a 10% buyer's premium applied to the hammer price to reflect the total consideration. Deposit of 10% of total due by wire immediately at the close of auction, and remaining balance to close within 30 days. Failure to close within this time period may result in breach of contract resulting forfeiture of deposit.
Please contact Andy@DoubleA.auction for any clarification regarding the property or auction terms and conditions. We look forward to hearing from you.
We are marketing this two-bedroom modular construction home! Construction began in 2018 and the owner took a job out of town before finishing this project. The three acre lot is located in the County just outside of Kenbridge along the SR 40 corridor on the way to Victoria. It has been cleared and has some pine tree growth.
This custom-built home has never been occupied!! It has two bedrooms and one and half baths, electric heat, and materials in place for the deck. The new buyer will need to finish the deck and underpinning but the majority of the materials are included. Well, septic and electric service is all in place and ready to go.
The property will sell with reserve in as is condition on February 12, 2019!