7625 Keith Bridge Road, Gainesville, GA 30506 (Forsyth County)
1± Acre Commercial Lot
Sells Regardless of Price!
Bidding Opens: Thursday, August 30 at 1:00 PM ET
Bid Deadline: Thursday, September 6 at 1:00 PM ET
This auction features a grouped bid extension - please see details in terms below.
The subject property is 1± acre of wooded land in North Forsyth County, zoned A1 Agricultural and located just off the northern end of Lake Lanier with recent area economic investment of new roads, intersections and bridges. Minutes from Keith Bridge Park and boat ramp on Lake Lanier. Prime location for assemblage and retail development. All utilities are available and the site is on septic.
Forsyth County Tax Parcel# 302 025
2017 Forsyth County Taxes $246.78
2018 Forsyth County Tax Appraised Value $25,190
Terms: Bank Proof of Funds Required to Bid, 10% Buyer’s Premium added to winning bid to determine sale price, 20% Earnest Money Deposit, close by October 5, 2018.
Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures.
All of the properties sell individually as "lots" however they are all tied together by the auction clock. We will set a bid deadline for all of the assets. Once we get within 5 minutes of that bid deadline, any bid placed on Any of the assets will extend All of the assets another 5 minutes. This extension will continue until no bids are placed on any of the assets in a five-minute window.
This feature is in place partially to prevent "sniping" which can occur on online auctions with a hard deadline. It recreates the action of a "Live Auction". If your opponent bids in the waning seconds of the auction, you still get another chance to bid.
With that in mind, don't wait out the bid until the last second, because the auction will remain open. Waiting it out can only put you at risk for not getting your bid in before the 5-minute clock runs out.
AMC GAL# 2503