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Auction Information
Auctioneer Palmetto Auction & Realty, LLC 864-350-0323
Auction Date Oct 27 Auction
Location
728 Torrington Rd.
Clinton, SC
Time 02:00PM
Auctioneer's Other ListingsE-mail AuctioneerAuctioneer's Web Site
Auction Listing
AuctionZip Auctioneer ID# 14516
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BANK ORDERED SALE!!

Bidding Ends on Thursday, March 27th @ 2:00PM-Online Only

728 Torrington Rd., Clinton (Laurens County) SC 29325

Property Description: 3 single story industrial use buildings on a 3± acre gated and fenced rectangular-shaped parcel. The primary 8,470±SF building is of wood frame construction including 3 bay doors with high loading docks built in 1965. There is approximately 990±SF of finished office space in this structure with vinyl siding exterior, while the remaining 7,480±SF has metal exterior walls. A second wood frame and metal 2,940±SF building was also built in the 1960s. A third 8,100±SF building consists of prefabricated metal construction with drive-through doors that was built in 1995. All three buildings are built on-slab with concrete floors. All large equipment has been removed and buildings are vacant. A septic system is present near the center of the site. 

A December 2013 Phase I Environmental Site Assessment revealed no evidence of recognized environmental conditions in connection with the site. However, based on the age of the primary building, asbestos containing materials may be present.

A January 2014 Phase II Environmental Site Assessment did not detect elevated concentrations of organic vapors and evidence of impacts to site soil and groundwater has not been identified. No further assessment or cleanup was recommended.

The Phase I and Phase II ESA documents are available by submitting a Confidentiality & Non-Disclosure Agreement.

The 1995 survey indicates that about 30,458 sf (.7± acres) of the 2.8 acre tract is located within the CSX Railroad right of way. The survey also shows that 48 feet (about 30%) of the main building encroaches into the CSX right of way.

Seller reports the last payment on the land lease was $75 in May of 2016, and the last payment on the railroad crossing easement lease was $1,764 in November of 2013. A blank Private Crossing Agreement from CSX is attached at the end of the Chronological Lease Documents which will have to be negotiated by the new owner once they take ownership.

**Selling in Cooperation with Auction Management Coropration**

  • Tax Map# 564-00-00-014
  • Site is accessed via a private easement over the railroad tracks which must be renewed by purchaser. Access can also be obtained at the end of Grove St.

  • 2015 Taxes were $1,977.44 (Seller will pay all back taxes, if any, and 2016 taxes will be prorated up until the date of closing)
  • Seller guarantees marketable title free of any liens to be conveyed through a Limited Warranty Deed.

Broker Participation Invited: A Two Percent (2%) Commission will be paid on the final contract price to any properly registered broker whose prospect purchases real estate at the auction and closes in full. Please see Auction Terms for full details.

Property Inspection: Wednesday, October 26th from 11:00AM-1:00PM

Property Directions:  

Closing Attorney:

Contact Rickey Heaton at 864-350-0323 with any questions regarding this property or the auction process.

View the full auction listing.







Auctioneer License Information: SCAL 4064

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