AUCTION: Carter Creek Waterfront Parcel - Bank Orders Sold! Last Appraised at $1,000,000 - Guaranteed To Be Sold Above $250,000 Bid

VIRGINIA BEACH, Va., Sept. 14 /PRNewswire/ -- Tranzon Fox is pleased to announce the WATERFRONT AUCTION of 4.89 acres with 679' of deep water frontage on Carter Creek.  This peninsula parcel also offers 300'+ frontage on a picturesque tidal pond with postcard views of Carter Cove, Carter Creek, and the Rappahannock River.  Unique to this property, by right, are "King's Grant bottom," ownership of a portion of creek bottom in front of the property.

Although a May 2010 appraisal places the current market value over $1,000,000, the Bank has ordered this property sold at auction above $250,000 bid.  The unique M-1 zoning allows for numerous commercial ventures including marina, commercial fishing operations and boat sales/storage.  The site is currently improved with a 1,400 s/f block "oyster house" within the 100' Chesapeake Bay Act setback plus a 2,000 s/f brick home that was relocated to a new site on the Property.  

Detailed information may be obtained by visiting www.tranzon.com for property FX1621 or by calling 757-473-3000.  Interested bidders may also contact Bill Londrey at 804-355-2251 or [email protected].  

Tranzon Fox, with offices in Virginia (VAAF 423), North Carolina, Maryland, and the DC Metro area, is a member Company of Tranzon, L.L.C., and is a full-service auction and real estate disposition company.  Tranzon has completed over $1 billion of real estate auction sales since its founding in 2000. For more information about this auction or to learn more about Tranzon visit www.tranzon.com.

SOURCE Tranzon Fox