Bankruptcy Sale. 1,000± Stunning Acres In Richmond County, Va (Fones Cliffs).
Cliffs Road, Northern Neck, Richmond County, VA 22572
November 3, 2022 at 12:00 PM Via Zoom
Minimum Bid: $4.25 Million (last sale in 2015: $12 Million.)
1,000± acres in Northern Neck of VA. Fones Cliff has incredible views along the Rappahannock River. Currently zoned A-1, but a preliminary development plan (now potentially expired) was previously approved which included a golf course, lodge, restaurants, spa, 116-Room hotel, commercial center, equestrian center and 718 single-family detached and townhouse units.
The Property is located within a designated "Opportunity Zone" which offers tax incentives for long term investments. Property also has significant value beyond development: conservation value, minerals, hunting & fishing, timber etc.
Qualifying Bids due 1/31 after the Auction Date.
Bidding Procedures Contract of Sale and other legal information about the Auction available on this site. Buyer Brokers Coop 2% - In Re Virginia True; CH 11 Bankruptcy Case 19-42769-Nhl, Edny.
Inspection - Interested parties can visit the property by coordinating with Joshua Olshin. See Auction Advisors for more details.