Absolute Auction of 6,834±SF Former Bank & Police Station
Lincolnton, NC: 6,834± SF Former Bank & Police Station on .73± AC Selling in Absolute Auction 10% Buyer's Premium - No Minimums - No Reserves - Online Only 627 E Main St, Lincolnton, NC 28092 (Lincoln County) Online Bidding Opens: Saturday, November 12, 2022 at 2 PM ET Bidding Starts to Close: Thursday, December 1, 2022 at 2 PM ET Preview (By Appointment Only): Wednesday, November 30, 2022 at 1 PM ET SHARP Broker & Auctioneer: Julian E. (Jeb) Howell Additional Contacts: Austin McRoberts: Description: This 6,834± SF brick sided commercial building was, until recently, the City of Lincolnton Police Station. Prior to that, it was a bank with two drive through lanes and a teller window beneath a canopy. It was originally built as a single level building but at some point an additional level was constructed above the roof line, resulting in the current two story structure. There has been some damage to the building due to a vehicle driving into it. The city obtained a quote of about $60k for repairs, but any repairs or improvements will be the new owner's responsibility. Additionally, there has been some interior water damage, which is believed to have been caused by a leaking air conditioner condensate drain line. The .73± acre property, zoned CBT, is on the corner of East Main and North Flint, across the street from the new City of Lincolnton Police Station and in the heart of the historic downtown corridor. Per the Lincoln County GIS map, the property has 161.74 feet of frontage on East Main and 204 feet of frontage on N Flint. There are approximately 45 lined parking spaces on the lot. Property Taxes: Because this is a city property, no property taxes have been assessed since 1993. Once sold, property taxes will be assessed and the buyer will be liable for ongoing property taxes. The 2022 Tax Appraisal valued the Land at $299,334 and the Improvement were assessed at $541,344 for a total tax appraised value of $840,678. Broker Participation Invited: A two percent (2%) Commission based on the winning bid amount will be paid to any properly registered broker whose prospect purchases real estate at the auction and closes in full. Please see Auction Terms for full details. Please Note: Whereas it is possible that this listing is posted with a stated price as may be required by certain marketing platforms, this asset could sell for more or less than the stated price since this is an auction.
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