LARGE WAREHOUSE/MANUFACTURING FACILITY – REAL ESTATE FORECLOSURE AUCTION
5200 S MAIN ST, SALISBURY, NC – TUESDAY, DECEMBER 1ST
Two Parcels Being Sold
COURT-ORDERED FORECLOSURE AUCTION
Tuesday, December 1, 2020 @ 10:00 am EST
Salisbury, North Carolina
SALISBURY, NORTH CAROLINA PROPERTIES – TUESDAY, DECEMBER 1ST @ 10:00am
Parcel #1 – 517,027 SF Warehouse/Manufacturing Facility on 47.05 acres
Located at 5200 S Main Street, Salisbury, NC 28147, this manufacturing facility was built in 1965 and was the former Fieldcrest Cannon, Inc. Plant #7. Features include:
456,000+/- SF Two-story main warehouse facility with 24’ ceiling height on both floors. Concrete main floor and maple hardwood on second floor.
Zoning: IND, Industrial
Tax Parcel #477-052
8,800 SF offices.
Roof is Built up Tar & Gravel over concrete decking.
Two stairwells and three freight elevators. There are six (6) dock doors
110,000- SF Warehouse, divided into eleven (11) 10,000 SF bays, with covered loading dock on one side, and abandoned railroad siding on the other.
Both buildings are completely sprinklered. T-8 lighting on first floor and sodium vapor lighting on second floor.
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.
Zoning: CBI, Commercial, Business, Industrial
Tax Parcel #477-079
Great development site
Preview Day is Tuesday, November 17th, from 9am-4pm.
The above Auction to 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
A deposit of 5% of the final contract price will be required to be paid to the County Clerk, in the form of cashier’s check, by the high bidder for each property sold.
For Rowan County auctions, the deposit shall be made to, and held by the Rowan County Clerk, 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 Upset Period ends, whichever occurs first. Title will be conveyed by Trustee’s Deed.
Questions? Call Norm Gallivan at (239) 250-5658