Auction Information

COMMERCIAL INVESTMENT REAL ESTATE AUCTION

Wed Apr 10 - 12:00PM


103 & 105 FIRST AVENUE SOUTH, CONOVER, NC Click to Map


Yount Auction & Realty, Inc.

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Auctioneer ID#: 10482

Phone: 828-459-7335

License: 4235

COMMERCIAL INVESTMENT PROPERTY REAL ESTATE AUCTION

 

WEDNESDAY – APRIL 10, 2024 - 12:00 PM

 

103 & 105 First Avenue South

Conover, NC 28613

 

TWO (2) Parcels of Prime Real Estate in Downtown Conover 

 

Selling Real Property Belonging to the Heirs of

Wayne Savacool (DECEASED)

 

Fantastic 3-Level Brick Building in a Prime Location. Approximately 5,772 Square Feet on 3 Levels with an Adjoining Parking Lot Parcel with 9 Parking Spaces. Both Parcels will be Sold Together

 

AUCTIONEER’S NOTES: Unbelievable Opportunity to own prime Real Estate in Downtown Conover! Mr. Savacool was a beloved Downtown Merchant for many years. His heirs have entrusted us to find new owners for this incredible piece of his legacy.

 

DIRECTIONS:  Take I-40 to Exit 130. Turn LEFT off of the Exit. Turn RIGHT onto 1st Avenue South. Property immediately on LEFT. WATCH FOR POINTERS AND SIGNS! 

 

DESCRIPTION OF REAL ESTATE: 

Main Level Layout – 1924 square feet has hardwood floors and a relatively new gas pack heat and air unit. 10-foot ceilings, bathroom and a street level garage door entrance behind the building. Big picture windows frame the front of the building.

 

Upper Level Layout – Wide 4-foot stairway leads to the upstairs level. 1924 square feet, this level has hardwood floors, bath with shower and 9-foot ceilings. Ceiling looks to have been recently replaced. Windows overlook the Main Street.

 

Downstairs Layout – Basement level has 1924 square feet and is accessible by a sloped walkway from the rear of the main level and an inside stairway leading down. Concrete floors. Sloped walkway from the rear makes it easily accessible for storage.

 

Catawba County Parcel ID’s #374105194237 and #374105194215 

Lot Dimensions with building are 25.84’ X 100’ X 25.84’ X 100.02’.

Lot Dimensions of Parking Lot are 31.66’ X 105’ X 31.66’ X 105’

City water and sewer.

 

DON’T MISS THIS FANTASTIC OPPORTUNITY!

 

TERMS ON ABOVE REAL ESTATE: 10% down on sale day – Balance due in 30 days of confirmed final bid. Deposit is non-refundable. 5% Buyer's Premium will apply to the Real Estate sale upon closing ($2,500 MINIMUM). All real estate information from tax records and is subject to verification. Sold “as-is, where-is” with no guarantees, expressed or implied, of any kind. Sold subject to confirmation and all easements, right-of-ways, or lack thereof. The Seller reserves the right, at their discretion, to accept the offer presented sale day, or to elect to leave the bidding open for a 10-day upset period. There are NO financing or inspection contingency rights for buyer. Seller is not obligated to make any repairs, changes, improvements or other modifications to the property. Buyers are encouraged to perform due diligence before day of sale, at buyers expense. Buyers will be guaranteed a title free and clear of all monetary liens meaning buyer(s) accepts the real estate purchased on the date of this contract “as-is, where-is”, in place and with all faults. Buyer(s) agrees to have title search at buyer(s) expense whereas any liens presented upon completion of title search, seller(s) may, at their own discretion, pay liens and transfer title to buyer(s) or render contract null and void. Any expenses incurred by buyer(s) are solely the responsibility of the buyer(s).

 

INSPECTION DATETBD

 

 MAKE YOUR PLANS NOW, SO YOU DON'T MISS THIS WONDERFUL OPPORTUNITY!!

 

YOUNT AUCTION AND REALTY, INC.

NCAFL # 7756

P.O. BOX 742  CLAREMONT, NC 28610

      (828) 459-7335        

www.yountauctionandrealty.com

www.auctionzip.com ID #10482 or #10483

 

IMPORTANT NOTICE: Although information has been obtained from sources deemed reliable, the auctioneer and the seller makes no warranty to guarantee expresses or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make inspections prior to the sale. The buyer acknowledges that he of an agent has inspected all of the assets upon which he will be bidding and/or does purchase. Buyer agrees to accept assets purchased “as-is”, “where –is”, “in-Place”, and “with all faults”. The auctioneer expressly disclaims on the part of the auctioneer as agent and the seller, any warranty as to fitness or usability of all the assets, and the buyer expressly waives any claim to any possible future use of the asset purchase whatsoever. Auction company represents the seller only in any and all auction transactions.  All properties listed for auction are subject to sale prior to the auction.

The buyer does hereby assume and does agree to indemnify and hold the auctioneer and seller harmless from any future claim which shall pertain to the fitness or use of that asset as being purchase. Announcements made on sale day take precedent over any previously printed material. Not responsible for accidents.

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