SVN/Motleys coordinating sale of 150 Virginia properties

Richmond-based SVN/Motleys, a founding member of Sperry Van Ness Auction Services, is coordinating the accelerated sale of more than 150 revenue-generating and development properties in areas south and east of Richmond.

The sale includes commercial properties, rental assets, multi-parcel development opportunities and commercial-and residential-zoned building lots in southern Chesterfield County, Colonial Heights, Chester, Petersburg, Waverly, and Dinwiddie and Prince George counties.

Individual properties will be offered in an online bankruptcy auction starting July 15 with all sales ending by July 30.

According to SVN/Motleys, the U.S. Bankruptcy Court recently ordered the sale of the properties owned by Roadrunner Enterprises Inc. of Chesterfield County. SVN/Motleys is representing the debtor.

“From turnkey income-producing rental to development opportunities, there is a wide spectrum of properties available for experienced investors, developers and individuals interested in entering the market,” Tim Dudley, senior advisor with SVN/Motleys, said in a statement.

Among the properties listed for sale are several high traffic parcels on U.S. 1 (Jefferson Davis Highway), a convenience store, a 60-lot subdivision and a 49-unit, self-storage facility.

Most recently, SVN/Motleys coordinated the bankruptcy sale of the River City Renaissance Properties in Richmond, which sold for $37.3 million.
Many of those properties were apartments.