WOODSTOCK — The property of an iconic Woodstock business is back in the hands of its former owner.
Robert “Bobby” Grubbs, owner of the former Grubbs Chevrolet, on Thursday repurchased his property at 21902 and 21972 Old Valley Pike for $200,000 at a public sale.
“It’s (Grubbs Chevrolet) been my whole life. I started working there when I was 13 years old,” Grubbs said.
Grubbs said afterward he will resell the property but declined to name any prospective buyer.
About 30 people turned out to watch the sale but only three would place a bid. The opening bid was $5,000, to which Grubbs responded with his bid of $100,000.
That $100,000 bid almost went through as Robert Vaughn Jr., of O’Connor & Vaughn law firm in Reston, conducted the sale.
“Hearing no other bids on the property, the bid of $100,000 by Mr. Grubbs is going once. Any other bids? The bid of $100,000 by Mr. Grubbs is going twice. Any other bids? This is your last chance, any other bids?” Vaughn said as he stood in the cold on the steps of the Shenandoah County Circuit Courthouse.
A bid of $150,000 was then placed, which then forced Grubbs to come back with his winning bid of $200,000.
The Grubbs Chevrolet dealership was sold to Carl Leckner and a group of investors in August 2017. Grubbs Chevrolet financed a portion of the purchase of the dealership for Leckner. Valley Heritage financed a portion of the purchase price of the real estate property for Leckner, Vaughn previously explained.
Vaughn said Leckner defaulted and the dealership closed. Grubbs declined to publicly discuss how much he is still owed.
Watching the collapse of a business his family spent decades building, not the possible loss of any money, was the hardest part of the dealership’s closure, Grubbs said after the sale.