#CoC-1 • Former Nehi Bottling Plant - Covington, VA

Part of November 2026 real estate auction (timed auction by Double A Auction & Realty)

Starting at $60,000.00

Status: Available

Bidding closes Nov 19, 2026 11:05 AM EST

COMMERCIAL FIXER-UPPER Historic Former Nehi Bottling Plant 109 East Oak Street, Covington, Virginia 24426 Bidding Starts at $60,000 Online Auction Ends: Thursday, November 19, 2026, at 11:00 a.m. Open House: Saturday, November 14, 2026 - time to be announced Private Inspections: Available by appointment to registered bidders Property Overview An unusual industrial redevelopment opportunity in the heart of Covington’s established manufacturing district. Commonly known as the former Nehi Bottling Plant, 109 East Oak Street consists of one commercial and industrial parcel containing approximately 0.34 acre and approximately 14,389 square feet of existing building area. The property is zoned M-1 Light Industrial and directly adjoins active CSX railroad trackage. Its combination of industrial zoning, masonry construction, loading access and railroad-side location creates possibilities for rehabilitation, adaptive reuse or complete site redevelopment. Potential concepts may include light manufacturing, contractor or trades space, warehousing, industrial storage, specialty production, food or beverage production, controlled-environment agriculture, workshop or maker space. Prospective purchasers must independently confirm that their intended use is permitted. Property Highlights Approximately 0.34 acre Approximately 14,389 square feet of existing building area M-1 Light Industrial zoning City of Covington Tax Account and PID 2045 Improvements dating to approximately 1910 according to City assessment records Approximately 6,240 square feet identified as masonry warehouse/shop space Approximately 6,199 square feet identified as unheated block building space Approximately 1,950 square feet identified as older downtown commercial space Brick, masonry and block construction Concrete slab areas Street-level entrances and overhead loading doors Open warehouse and production areas Direct adjacency to active CSX railroad property and trackage Located within Covington’s established industrial area Convenient access to Interstate 64 and the greater Alleghany Highlands region Located near major manufacturing and industrial operations Potential for rehabilitation, adaptive reuse or redevelopment Existing Improvements The existing improvements include a mixture of masonry warehouse, unheated block building and older commercial space. Portions of the building retain exposed masonry walls, high ceilings, concrete flooring, open work areas and an industrial layout reflecting the property’s long commercial history. Despite substantial renovation required, the structure has significant potential. The Oak Street elevation includes multiple entrances and overhead loading doors. The property extends toward the active railroad corridor at the rear and side of the improvements. Railroad-Side Location The property lies immediately beside active CSX railroad trackage, as shown in the auction photographs. This location may be advantageous to an industrial, manufacturing, logistics or storage user seeking proximity to existing rail infrastructure. Railroad Disclosure: The auctioneer and seller do not represent that the property presently has an active rail-service agreement, usable siding, railroad loading rights or guaranteed access to CSX property. Any proposed connection, siding, crossing, loading arrangement or rail service must be independently investigated and approved by CSX and all applicable governmental authorities. Brownfields and Redevelopment Information The seller reports that the property previously received Brownfields-related assistance and that environmental assessment work was completed in connection with earlier redevelopment planning. The seller also reports having architectural concepts, plats and other property-related materials. Available environmental reports, plans, plats, architectural concepts, City documents and related materials will be added to the bidder due-diligence package as they become available. Prospective purchasers must review all documents independently and determine whether additional environmental investigation, remediation, engineering or governmental approval will be required. No representation is made that the property is free from environmental conditions or that any prior assessment satisfies the requirements of a purchaser, lender, governmental agency or proposed development. Important Property-Condition Disclosure This is a distressed redevelopment property requiring substantial repair, reconstruction or demolition. A significant portion of the warehouse roof has failed or collapsed, leaving portions of the building exposed to the weather. The property exhibits structural deterioration, water intrusion, deferred maintenance and damage associated with the roof failure. Other building systems, including electrical, plumbing, heating, utility connections and life-safety systems, may be absent, disconnected, obsolete, damaged or nonfunctional. The seller reports that the City of Covington has issued a condemnation or unsafe-structure notice associated with the building’s condition. Copies of available City documents will be added to the bidder due-diligence package. Bidders must independently determine the current status of all notices, orders, deadlines and municipal requirements. The property is not represented as suitable for immediate occupancy. Rehabilitation may require structural engineering, roof replacement, selective demolition, environmental work, utility restoration, permits and compliance with current building, fire, zoning and accessibility requirements. Depending upon the purchaser’s intended use, partial or complete demolition may be appropriate. All auction photographs should be reviewed carefully. Access to damaged or unsafe portions of the building may be restricted. No person may enter the property except during an authorized inspection or scheduled appointment and after complying with all inspection and liability-waiver requirements. Inspection Opportunities A public open house will be held on Saturday, November 14, 2026. The exact inspection time will be announced. Additional inspections may be arranged by appointment for registered bidders. All inspections will be supervised given the building's condition. Recommended Due Diligence Prospective purchasers should complete all inspections and due diligence before bidding, including investigation of: Building and structural condition City condemnation or unsafe-structure requirements Roof replacement, stabilization and demolition costs Environmental reports and potential remediation requirements Availability and condition of water, sewer, electricity, gas and other utilities Zoning and suitability of the purchaser’s intended use Railroad proximity, access and CSX requirements Survey, boundaries, easements and legal description Available redevelopment incentives or assistance programs Building permits, fire-code compliance and occupancy requirements Auction Information Bidding will begin at $60,000 and will take place entirely online. The auction will begin closing on Thursday, November 19, 2026, at 11:00 a.m. The property will be conveyed in its present as-is, where-is condition, with all faults and without warranties concerning condition, suitability, environmental status or fitness for a particular purpose. Bidders must rely upon their own inspections, consultants and investigations. Complete auction terms, bidder requirements and available due-diligence documents will be posted with the online auction. A Historic Industrial Redevelopment Opportunity Acquire a recognizable Covington industrial property and determine its next chapter through rehabilitation, adaptive reuse or redevelopment. Bidding Starts at $60,000