701 East Main St, Lincolnton, NC 28092 (Lincoln County)
Auction: Lender Owned Absolute Auction of Retail & Restaurants in AL-FL-NC-TN-WY

Property #109
701 East Main St, Lincolnton, NC 28092 (Lincoln County)
SELLS REGARDLESS OF PRICE
10,900±SF Retail Bldg. on 1± Acres
Selling Online Only
Bid Deadline: Thursday, May 24 at 1:00 PM ET
Closing Deadline: Tuesday, June 26, 2018
Inspection: Tuesday, May 15 & Tuesday, May 22 at 11:00 AM ET SHARP. An Auction Right of Entry form must be signed in order to gain access to the building which releases seller from liability in the event of accidents while onsite.
Sale Manager: Jeb Howell, 770-980-9565, info@amcbid.com
 
Property Description: Former Rite-Aid on a signalized double corner lot with 248± feet of East Main frontage, 204± feet of N Flint frontage, and 250± feet of East Sycamore frontage, bounded on north by an alley. Curb cuts on all 3 streets. Survey indicates 49 regular and 3 handicapped parking spaces and an 11,292± SF building footprint. Stucco-sided building with drive-through portico.
 
A February 23, 2007 environmental site assessment revealed no recognized environmental conditions (RECs) in connection with the site.
 
Zoned GB General Business.  
Electricity Provider: City of Lincolnton
Natural Gas Provider: Public Service
Potable Water: City of Lincolnton
Sewer Services: City of Lincolnton
 
Lincoln County Property ID# 3633058321
Lincoln County Assessed Value $1,426,722
2017 Taxes $16,471.77

 
Julian E Howell, III NCAL #7410
 
This auction features a grouped bid extension - please see details in terms below.
 
Terms:  Bank Proof of Funds Required to Bid, 10% Buyer’s Premium added to winning bid to determine sale price, 10% Earnest Money Deposit, close by June 26, 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, as it can put you at risk for not getting your bid in before the 5-minute clock runs out.