LARGE WAREHOUSE/MANUFACTURING FACILITY – REAL ESTATE FORECLOSURE AUCTION

Description

500,000+ SF WAREHOUSE/MANUFACTURING
COURT-ORDERED FORECLOSURE AUCTION

Two Parcels Being Sold
Court-Ordered Foreclosure Auction
Tuesday, December 1, 2020 @ 10:00 am EST
Auction to take place in Salisbury, North Carolina

SALISBURY, NORTH CAROLINA PROPERTIES AUCTION
TUESDAY, DECEMBER 1ST @ 10:00 am EST
ON THE STEPS OF THE ROWAN COUNTY COURTHOUSE, 210 N. MAIN STREET, SALISBURY, NC 28144

Parcel #1 – 517,027 SF Warehouse/Manufacturing Facility on 47.05 acres

5200 S. Main Street
Salisbury, NC 28147

This manufacturing facility was built in 1965 and was the former Fieldcrest Cannon, Inc. Plant #7. Both buildings are completely sprinklered. Features include:

• 456,000+/- SF Two-story Main Warehouse Facility
  o 24’ ceiling height on both floors
  o Concrete on main floor and maple hardwood on second floor
  o T-8 lighting on first floor and sodium vapor lighting on second floor
  o Roof is built up tar and gravel over concrete decking
  o Two stairwells and three freight elevators
  o Six (6) dock doors
• 8,800 SF Offices
• 110,000 SF Warehouse
  o Divided into eleven (11) 10,000 SF bays
  o Covered loading dock on one side, and abandoned railroad siding on the other

Zoning: IND, Industrial
Tax Parcel: #477-052

NOTE: During the past year, copper thieves have cut power to the buildings and stolen/damaged some of the switchgear and heavy-gauge wiring. It appears that much of the lighting wiring is still intact, but we cannot verify. Bidders may inspect the premises prior to the auction, on preview day.

Parcel #2 - 35 acres Wooded, Undeveloped Land

Frontage/access is Located on Grace Church Road. See maps.

• 35 acres of wooded, undeveloped land
• Great development site

Zoning: CBI, Commercial, Business, Industrial
Tax Parcel: #477-079

Preview for the above properties is Tuesday, November 17th from 9 am - 4 pm.

The above auction will be held on the steps of the
Rowan County Courthouse at 210 N. Main St., Salisbury, NC 28144
__________________________________________________________

Auctioneer: Norm Gallivan, NC Auctioneer License #10422
Auction Company: Gallivan, LLC, NC Auction Firm License #10429

Term of Sale:
A deposit of 5% of the final contract price will be required to be paid to the Substitute Trustee, or his Sales Agent, in the form of cashier’s check, by the high bidder for each property sold on the sale date. If any prospective purchaser files an upset bid in accordance with Chapter 45 of the North Carolina General Statutes, he or she will be required to pay a deposit of 5% of the upset bid amount to the appropriate County Clerk of Court.

For Rowan County auctions, the deposit shall be made to and held by the Substitute Trustee, except for upset bid deposits which will be held by the Rowan County Clerk of Court until closing. In the event of a deposit forfeiture, the deposit shall be administered pursuant to North Carolina law.

Closing shall take place within fifteen (15) days after the auction, or within five (5) days after the upset bid period ends, whichever occurs first. Title will be conveyed by Trustee’s Deed.

Questions? Call Norm Gallivan at (239) 250-5658
[email protected]