Real Estate Auction: Commercial & Institutional Properties in Greenville & Fayetteville, NC

Real Estate Auctions

2 Commercial/Institutional Properties in Greenville & Fayetteville, NC

 

Bid Onsite or Online

Tuesday, November 12, 2024

 

Auction 1:

2611 E. Tenth Street, Greenville, NC 27858

Auction Time: 10:00am

 
Property Overview:
This one-story, 3,831± sq. ft. building sits on a 0.61± acre lot with 45 parking spaces and offers great visibility. The property is connected to public water and sewer, making it ideal for a variety of uses.
 
 
Zoning Details:
The front 0.30 acres are zoned Commercial General (CG), allowing for a mix of commercial and service activities on an individual lot by lot basis and in a planned center setting.

The back 0.31 acres are zoned Office-Residential (OR), designed for blend of residential and business uses. Accommodating a compatible mix of two family attached and multi-family dwellings and business and professional uses, this serves as a buffer between commercial and high-density residential uses.

 

Property Highlights:
One-story building with 3,831± sq ft.

0.61± acre

45 parking spaces

Great visibility

Public water/sewer

 
 
Preview the property: November 4th, 10:00am-12:00pm
 

 

Auction 2:

603 Country Club Drive, Fayetteville, NC 28301

Auction Time: 3:00pm

 
Property Overview:
This property includes two free-standing brick and block buildings with a combined total of 5,650 sq. ft. on a 1.02-acre lot. The site offers a large surface parking lot with approximately 42 spaces and was previously used for classrooms and administrative offices. Conveniently located off of US-401, it provides easy access to BUS-401 and is minutes from Methodist University, Fayetteville State University, and a variety of retail options.
 
Zoning Details:
Zoned Office & Institutional (OI), providing flexibility for office, educational, and institutional uses.

 

Property Highlights:
5,650 sq ft. over two free-standing buildings

1.02 acres

Both structures are block and brick construction

Formerly used as classrooms and administrative offices

Large surface parking lot with approx. 42 spaces

Located right off US-401 with easy access to BUS-401

Minutes away from Methodist University and Fayetteville State University

Less than a mile from numerous retail options

 
 
Preview the property: November 4th, 4:00pm-6:00pm
 
 
Both properties offer unique opportunities for a variety of business, office, or institutional uses. Join us onsite or online to bid on these fantastic investment opportunities!

 

 

Disclosures & Additional Information:
Properties will be available for viewing one hour prior to auction start times.
Bid onsite at the live auction or online with prior and pre-approved registration only.
If you are planning to bid online, you must register and submit proof of funds at least 24 hours in advance in order to be approved. 
Broker participation is encouraged. Brokers must fill out the broker participation form found under the Documents tab and accompany their client at the auction.
 
 
A 10% buyer’s premium will be added to the high bid to determine the purchase price.
A 10% deposit will be required by the high bidder on the day of the auction.
All sales are subject to reserve and seller confirmation (Shaw University). Approval may take a week or more due to board meetings.
The properties sell AS-IS.


 

Contact:
Susan Rogers Holder, Auctioneer/Sale Manager
(336) 789-2926
susan@rogersrealty.com
NCAL #685

Real Estate - Onsite and online
PLEASE DO NOT BID UNTIL YOU HAVE READ THESE TERMS AND CONDITIONS OF SALE.

AS IS: The real property will be offered at public auction with live bidding onsite. All improvements, buildings, sheds, structures, etc., sell with the property. The property and all improvements, if any, will be sold on an AS-IS, WHERE IS, WITH ALL FAULTS, conditions, defects, or flaws. The buyer agrees to take the property in the condition existing. No representations or warranties, expressed or implied, concerning the property are made by neither the sellers nor the seller's agents. Descriptions of the improvements and property are believed to be correct but are not guaranteed. You are encouraged to conduct your inspections and due diligence prior to bidding and buying at the auction.

EASEMENTS and RIGHT OF WAYS: The real estate is being sold subject to any and all easements or right of ways. Lease payments or rents, if any, will be pro-rated at closing.

ALLOTMENTS and MINERAL RIGHTS: Crop allotments, mineral rights, timber rights, water rights, if any, will transfer with the deed or title.

HOA, POA, and RESTRICTIVE COVENANTS: The real property is being sold subject to restrictive covenants and homeowner's association rules, regulations and dues and county zoning, if any.

METHOD OF SALE: The properties will sell as a whole. The auction company has the sole discretion to determine the highest and winning bidder.

SURVEY: The properties will be sold subject to an existing survey, if any or the existing legal description.

PERK TEST: Perk test are the responsibility of the buyer and the contract is not contingent upon the soil having a satisfactory perk.

FINANCING: The sale is not subject to financing. Failure to close for ANY REASON WHAT SO EVER will result in the forfeiture of the deposit. NO EXCEPTIONS.

DEPOSIT REQUIRED AT AUCTION: Terms are for a deposit of 10% of the purchase price on site at the auction.

PURCHASE CONTRACT: Buyer will be required to execute a Real Property Auction Purchase and Sale Contract on site at the auction and submit their deposit.

BROKER PARTICIPATION: Broker participation is encouraged. Brokers must fill out the broker participation form found under the Documents tab and accompany their client at the auction in order to receive compensation.

NO CONTINGENCIES: The purchase and sale contract is not subject to any buyer contingencies for financing, appraisal, surveys, inspection or any other contingencies.

AGENCY: Buyer will be asked to sign an agency disclosure form stating that buyer is aware that Rogers’ agents represent the seller. Rogers' agents represent the seller and the seller's interest in the transaction.

ENVIRONMENTAL: There are not any environmental studies, phase 1, phase 2, or phase 3 studies for review. There are not any soil or water studies for review. Barn has underground tank, Home has underground tank, above ground tank and propane tank.

PERSONAL PROPERTY: There is no personal property or merchandise being transferred with the real property of value.

CLOSING: Closing is to take place not more than 30 days from the auction. TIME IS OF THE ESSENCE. All closing costs for the benefit of the buyer such as appraisals, surveys, loan applications, inspections, title searches, title insurance, etc. are the responsibility of the buyer. The seller is not paying for any of the buyers closing costs. . The deed paid for by the sellers, the deed stamps paid by the sellers, and recording fees to be paid by the buyers. Real estate taxes are pro-rated at closing.

BUYER'S PREMIUM: A buyer's premium of 10% is added to the last and highest bid to determine the contract purchase price. For example, if the high bid is $100,000.00, a buyer's premium of $10,000.00 is added and the purchase price would be $110,000.00

POSSESSION: Possession will be given at closing, subject to existing leases, if any.

ABSOLUTE/RESERVE: The property will be sold subject to a reserve and seller confirmation (Shaw University). Approval may take a week or more due to board meetings.

BID RIGGING: Bid rigging is a felony. Any attempt by bidders to chill the bid, agree with other bidders not to bid to attempt to lower the price is bid rigging. Anyone suspected of bid rigging will be asked to leave the auction site.

DISPUTED BIDS AND INCREMENTS: In case of a dispute over who is the high bidder, the auctioneer has the sole discretion to determine the high bidder. The auctioneer has the sole discretion to determine the live auction bidding increments.

It is the duty of the bidder to present their bid to the auctioneer and not that of auction support staff, auction ringmen, auction bid assistants, or the auctioneer.

QUALIFIED BIDDERS:
Auctioneer reserves the right to refuse to register any prospective bidder for any reason, or to require a cash deposit from a prospective bidder of an amount designated by Auctioneer and paid in advance by the prospective bidder to Auctioneer. Such deposit will be applied to any purchases made at the auction by the prospective bidder. At the end of the auction, Auctioneer will refund any portion of this deposit that has not been applied to purchases. Furthermore, Auctioneer will require the removal of any person from the auction site for any reason including, but not limited to: (1) tampering with auction lots; (2) any illegal conduct including collusive bidding or stealing; (3) disruptive behavior; (4) failure to abide by these terms; and (5) intoxication. Bidder agrees to leave the auction site immediately and quietly upon request by Auctioneer. Any act of theft, vandalism or disruption will be prosecuted to the fullest extent of the laws.

DEFAULT BY HIGH BIDDER/BUYER: In the event of a default by the bidder/buyer the seller may resale the property to another bidder/buyer and in the event the property sells for less money than the original price the seller may seek the difference from the original bidder/buyer. The seller may have other rights to pursue damages or costs from the defaulted bidder/buyer as allowed by law.

ONLINE BIDDING & REGISTRATION: You must register in advance by clicking on Register to Bid and agreeing to terms for online bidding. You must be pre-approved before you receive a bidder number. Online bidders may be asked to submit a letter of credit reflecting their anticipated bid amount before being approved to bid. The auction company may refuse to register anyone at its sole discretion. If you are planning to bid online, you must register 24 hours in advance in order to be approved.

TECHNICAL PROBLEMS: The auction company provides online bidding as a convenience for those that cannot attend the live auction. The auction company will not be liable for any faulty equipment, failure of equipment, faulty software, failure of software, lack of internet service connections or signals, or failure for any online bids that are not relayed on time to the auction company. The auction company reserves the right to extend bidding, delay bidding, continue with live bidding, or cancel bidding, without any notice to online bidders.

DEFAULT OR DELAY: If the buyer delays closing for any reason the buyer may be declared in breach of contract and will forfeit all deposits made. The buyer may be responsible for all cost to the seller or the auction company for subsequent resale.
The auction company reserves the right to reclaim and resale any assets not paid for by the online buyer. Should the resale price be lower than the defaulted buyer's price, Seller and/or Auction Company reserves the right to seek the difference from the initial online buyer. All fees for collection, court fees, or attorney fees will be the responsibility of the original buyer that caused the default. All sales are final. No refunds are given.

PURCHASE CONTRACT: Online bidders are required to submit an executed Real Property Auction Purchase and Sale Contract along with the deposit within 24 hours of the close of the auction.

DISPUTES: Any disputes that arise between the auction company, the seller, the seller's agents and the buyer will be dealt with by arbitration in Surry County, North Carolina.

DISCLAIMER: The auction company provides data, advertising, maps, that is believed to be correct but it is not guaranteed. Bidder's should rely on their own inspections and due diligence prior to bidding. Everything sells strictly AS IS. The auction company makes every effort to describe assets to the best of its ability but there are no guarantees as to the condition, quantity, condition, age, color, or value of the merchandise or real property sold online. Buyer agrees that buyer may not cancel purchase for any reason.

The bidder agrees to all terms and conditions of the auction and should read the detailed terms.

LICENSES: NC Firm #685, VA Firm #2, SC Firm # 1874

These two real estate auctions feature prime commercial and institutional properties in Greenville and Fayetteville, NC. The first property, a 3,831 sq. ft. building in Greenville, sits on 0.61 acres with 45 parking spaces and is zoned for commercial and office-residential use. The second property in Fayetteville includes two free-standing buildings totaling 5,650 sq. ft. on a 1.02-acre lot, featuring 42 parking spaces and easy access to US-401, minutes from universities and retail. Preview the properties on November 4th!
  •   Oct 29 @ 8:00am EDT (Start)
  •   Nov 12 @ 10:00am EST (End)
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This form is for Auction or Real Estate Inquiries. Completion of this form will not register you for this auction.