SVN Auction Services to conduct ‘save the track’ sale of operational dragstrip in Natural Bridge, VA
Auction will take place at the 47.9-acre complex during a special day of racing
Natural Bridge, VA (Oct. 18, 2016) – SVN Auction Services’ founding partner SVN/Motleys will conduct the sale of the Natural Bridge Dragstrip, near Interstate 81 in north-central Virginia. The sale will take place at 11 a.m. Nov. 12 at the 1/8th-mile dragstrip during a special day of racing. The complex is located at 168 Dry Well Road in Natural Bridge.
The fully operational, International Hot Rod Association-member racing complex is situated on 47.9 acres and is equipped with control tower, kitchen/concession, stadium bleacher seating, stadium lighting, fencing and timing/scoring equipment. Everything required to run the complex is included in the offering, along with full use of promotional materials such as logos, trade name, website, racer listings, sponsorship accounts and shared resources with Natural Bridge Speedway, an adjacent 3/8th-mile oval track.
Tim Dudley, CAI, AARE, a senior advisor with SVN/Motleys in Richmond, Virginia, who is coordinating the auction, said the future of the dragstrip remains uncertain if a sale does not occur. The opening bid is $100,000.
“We’re hoping a buyer will come out and save the track,” Dudley said, noting that the dragstrip has been hosting races since 1993. “This complex is race-ready and has long been a popular attraction in Natural Bridge.”
The drag strip, starting area, deceleration area and return loop road necessary for racing are all in excellent working condition. The 1,800-square-foot timing control/concession building was completed in 1995. The ground level is divided into a kitchen/concession area with four restrooms. The upper level houses an observation/control room, lounge area, office, full bath and utility room.
The track sits in the Shenandoah Valley with spectacular views of the Blue Ridge Mountains. The track offers annual racing from March through November, and has steadily increasing year-over-year income. It presents opportunities for continued revenue growth. Private tours are available. For more, visit svnmotleys.com.
About SVN Auction Services
SVN Auction Services is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional auction advisors throughout the United States who specialize in areas such as foreclosures, tax sales, multi-properties, receiverships and bankruptcies. SVN Auction Services offers the industry’s most comprehensive spectrum of auction solutions—from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, SVN Auction Services is supported by SVN International, which features 200 locations serving more than 500 markets. This relationship provides outstanding opportunities for SVN Auction Services to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers. For more information, visit SVN Auction Services.
Tim Dudley, CAI, AARE, senior advisor, SVN/Motleys / 757-288-1854 email@example.com
Ken Zeszutko, Zeszutko Corp.-PR on behalf of SVN Auction Services / 321-213-1818