Land for Auction in Hillsville, Virginia

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.