nvdaily.com link to home page

Traffic | Weather | Mobile Edition
      Subscribe | Special Sections


Business arrow AP Business News arrow Markets Summary arrow AP Technology News
Business Wire arrow Ledger arrow Local Markets

| 1

C.E. Thompson auction attracts no bids

2014_04_9_Thompson_Auction2.jpg
Auctioneer Joe Foltz stands in silence inside the former 24,000-square-foot C.E. Thompson & Sons hardware and lumber after no one responded to the minimum bid of $225,000 for the property on Stony Creek Boulevard. Rich Cooley/Daily (Buy photo)


By Ryan Cornell

EDINBURG -- A real estate auction on the building formerly used by the C.E. Thompson & Sons retail hardware and lumber store yielded zero bids.

The auction was held in the store on Wednesday afternoon. About 20 people attended the auction, which lasted four minutes.

Located about a half-mile east of Interstate 81, the building at 201 Stoney Creek Blvd. in Edinburg totals about 24,000 square feet.

The building is owned by Mary Lou Thompson through O.J. Properties LLC. Joe Foltz of Foltz Auctions served as auctioneer.

Foltz started the price at $500,000, and quickly dipped to $400,000 and $300,000 when no bids were offered.

He lowered the price some more before finally settling on $225,000.

"Folks, the family does not want to go any lower than this to start the property," he said. "...If nobody is willing to start at $225,000, we'll take it down at this point."

Following the auction, Mary Beth Foltz, daughter of Thompson, said she was disappointed with the outcome, but hopeful.

"We had some interest in it, we had some people look at it, so maybe they'll contact us later, you never know," she said.

She said they would also be willing to rent the building out.

"I think the economy is still down, but you know, there's continued expenses on this property and we did try to rent it, which we would have entertained, and we would still entertain renting it if we don't sell it," she said.

The store's shelving and remaining supplies will be sold at a later auction.

Interested buyers are asked to contact Mary Beth Foltz at 540-984-4797.

Contact staff writer Ryan Cornell at 540-465-5137 ext. 164, or rcornell@nvdaily.com


Keep up to date on local news

Sign up here to receive Northern Virginia Daily news delivered to your email box each morning and when breaking news occurs.

Comments

Comments that are posted represent the opinion of the commenter and not the Northern Virginia Daily/nvdaily.com. View our comments/submisssions policy. Report abuse by clicking the X next to the comment.











Local News Sections

Affordable Care Act Agency on Aging Agriculture Alex Bridges Apple Blossom Festival Aviation Basye Berryville Boyce Brad Fauber Breaking News Business Charities Civil War Clarification Clarke County Colleges Corrections Courthouse Notes: Permits, Transactions Courts & Legal News Crime & Public Safety Economy and Jobs Edinburg Education Edward N. Bell Election 2012 Election 2013 Entertainment Environment Fairs & Festivals Fire & Rescue Fishers Hill Fort Valley Frederick County Front Royal George Washington National Forest Guest Column Hard Times Health History Holidays Homes In The Spotlight Jeff Nations Joe Beck Josette Keelor Katie Demeria Kim Walter Ledger Livestock Local Markets Maurertown Media Middletown Military & Veterans Moms Mount Jackson New Market Page County Pet of the Week Pets & Animals Politics Progress 2013 Progress 2014 Quicksburg Religion Rockingham County RSW Jail Ryan Cornell School News Shenandoah County Shenandoah Farms Volunteer Fire Department Star Tannery State Stephens City Steven A. Boyce Strasburg Toms Brook Traffic & Transportation Utilities Valley 911 Warren County Weather West Virginia Winchester Woodstock Year in Review



News | Sports | Business | Lifestyle | Obituaries | Opinion | Multimedia| Entertainment | Classifieds
Contact Us | NIE | Place a Classified | Privacy Policy | Comments/Submissions Policy | Subscribe

Copyright © The Northern Virginia Daily | nvdaily.com | 152 N. Holliday St., Strasburg, Va. 22657 | (800) 296-5137

nvdaily.com
2014 Virginia Press Association Grand Sweepstakes Winner
The Best Small Daily Newspaper in Virginia!


nvdaily.com | seeshenandoah.com