Auction Information
Auctioneer Swafford Auction Group 256-927-8900
Auction Date Jun 30 Auction
Location
320 Main Street
Cedartown, GA
Time 10:00AM
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Auction Listing
AuctionZip Auctioneer ID# 24564

Prestigious two story brick 6,226+/- sq. ft. commercial building. Great office, retail, and potential residential property on the corner of Main Street and West Avenue (Cobb's Corner). Also selling Office and Restaurant Furniture and Equipment

Selling on location at 320 Main Street, Cedartown, GA


We are honored to offer this great historical commercial building in Cedartown's Historic Downtown Business district. The building is located at 320 Main Street and rests on the corner of Main Street and West Avenue at the traffic light. The potential of this building is unlimited. It has underwent significant renovations and is now ready to be occupied. A great building for a retail shop, office(s), and/or potential residential. 

The building is an early 1900's two story brick corner building boasting a total of 6,226+/- sq. ft.. It's main floor has a front waiting area with counter space, office, hallway with five offices, open area in the back, with front, side, and back door entrances, plus 3 bathrooms. The upstairs is open and has a bathroom complete with a shower. The building has a freight elevator in the rear, plumbing for additional sinks, power, central h/a, city water, and city sewer. A full dirt basement has original coal heater and shaft. 

After the real estate we will auction office furniture including desks, chairs, tables, filecabinets, decor pieces; restaurant furniture including booths, tables and chairs; restaurant equipment including ice machine, stainless cooler, stainless cabinet, stainless prep station, and more.  


Things to know for this auction:

 

Auction Site: On location at 320 Main Street, Cedartown, GA 30125

 

Previews:   Wednesday, May 23rd from 1 PM until 3 PM & Friday, June 1st from 10 AM until 3 PM. You may also call our office at 877.222.5720 to arrange a preview.

 

Registration:  Registration begins 1 hour prior to auction start time. All interested persons must register to bid prior to bidding.

 

Terms:  The real estate and personal property items are being sold subject to owner's confirmation. 

 

There is a 10 % Buyer’s Premium on the Real Estate that will be added to Purchaser’s bid to arrive at the final bid price. The ten percent (10%) Buyer's Premium is due on day of auction for the Real Estate and will serve as the deposit. The deposit will be held in escrow until closing. Balance due at closing. Closing will be held on or before July 2, 2018. This sale is not contingent on a potential buyer’s ability to obtain financing.

There is a 10 % Buyer’s Premium on all personal property that will be added to Purchaser’s bid to arrive at the final bid price. All property is being sold "AS IS" without any warranties, guarantees, or promises. All applicable sale taxes will be charged unless buyer has Tax Exempt status. All personal property items are to be PAID in FULL on day of auction prior to removal. 

Owner Financing: Owner financing is available with 20% down (due at closing within 30 days) the remaining balance will be financed at a rate of 7.25 % for 15 years with a 5 year balloon payment.

Special Note: The owner of the real estate in this transacation is a licensed real estate broker in Georgia acting as principal. 

 

Forms of Payment: Cash, personal checks, and all major credit/debit cards accepted. A 13% Buyer’s Premium will be charged on all credit/debit card transactions. 

 

ALL TERMS AND CONDITIONS AND OTHER ANNOUNCEMENTS MADE THE DAY OF THE AUCTION ARE BINDING AND TAKE PRECEDENCE OVER ANY ORAL, PRINTED, or PUBLISHED INFORMATION.




Auctioneer License Information: AL 1589, GANR 2635

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