Acreage for Sale on Little Reed Island
Creek
Discover this +/-177.5 acre wooded
property with extensive frontage along Little Reed Island Creek. Featuring
approximately 1.7 miles of creek frontage. 1,800+ feet of the creek flows
through the property, land is on both sides. This land offers a rare and scenic
natural setting.
The woods provide opportunities for
recreation, hunting, wildlife enjoyment, and could be a great place to build
your home. Ideal as a private hunting retreat, recreational getaway, or
long-term investment, the property offers outstanding seclusion. Down near the
creek, there is a gazebo great for relaxing! Electricity is available to the
property.
Little Reed Island Creek adds to the
property’s appeal with quality fishing for rainbow and brown trout. Locally
treated as a trout stream, it supports both stocked and wild trout. Seasonal
kayaking and canoeing are also possible, depending on water levels.
There is a road /
trail that goes through property to adjacent properties, but title search
indicates there are no legal right of ways granted through this property to
those properties. It will be up to new owner to allow or prohibit travel along
that road.
Property being sold was once owned by
PC Phosphate Company before being sold in 1997. There has not been any mining
activities since, and owner is not aware of the extent or activity of any
mining on the property prior to 1997. Mineral rights have not been severed and
convey with the property.
Property Features:
·
±177.5
acres of wooded land
·
1.7
miles of frontage along Little Reed Island Creek
·
Additional
1,800+ feet of Little Reed Island Creek running through the property
·
Scenic
creekfront and interior water features
·
Excellent
hunting opportunities
·
Natural
habitat for deer, turkey, and other wildlife
·
Ideal
for recreation and outdoor activities
·
Private
and secluded setting
Online Auction Ends Thursday,
April 23rd at 4 PM
TBD Peacock Dr. and Lovell Rd.,
Hillsville, VA 24343
Click Here for Bidder Packet
Click Here for Interactive Map
Click Here for Property Video
CONTACT: Auctioneer
Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com.
DIRECTIONS: From
the Town of Hillsville, start by heading south on North Main Street
(US-52/US-221). Turn right onto Hanging Tree Rd. Follow for 3.8 miles, then
turn right onto Lovell Road. Continue along Lovell Road for about 5 miles, and the
property will be on your left.
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.
BUYER’S PREMIUM – TEN
PERCENT (10%): Buyer’s Premium shall be added to the final online bid,
which will determine the Total Contract Sales Price. Bidders hereby acknowledge
and understand that the Buyer’s 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% buyer’s premium = total
purchase price of $110,000). Buyer’s 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
seller’s 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 Bidder’s Agreement, maps, sample
contracts, and property
information.
TERMS & CONDITIONS:
10% Buyer’s 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 June 8th, 2026. 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. The
Auctioneer is allowed to bid on behalf of the Seller up to, but not beyond the
Seller’s reserve price per VA Auction Code 18 VAC-25-21-120. Auction starts
ending at 4 PM on April 23rd, 2026. 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.
