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Commercial
3,433 ft2
1 ac
Cobb County
Coming Soon
Opening Bid $275,000
Auction Starts Jan 13
Current Bid $275,000
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Current Increment:
$10,000
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Remaining Time: 39 Days, 20:21:25
Property Details
Living Space
3,433 sq ft
Lot Size
1 ac
Year Built
1988
Property Type
Commercial
Sub Type
Office/Retail
Product Type
Private Sellers
Property ID
368840
Description

3,433+/-sf former bank building sitting on 1+/-ac built in 1988. Easy access to Ernest W Barrett Pkwy SW with approx. 290 feet of frontage on Powder Springs Rd.

Open Public Inspections: 11-2pm Wednesday December 18 & Friday January 10

Open Public Inspections: 11-2pm Wednesday December 18

Property Disclosures

• Due diligence materials (environmental, survey, title, contract, etc.) available under cover of CNRA.

• See “Closing Costs” paragraph of the Contract for additional closing costs associated with this property.

· Deed Restriction Disclosure.  Buyer understands that Seller will convey a warranty deed to the Property that includes use restrictions.  Buyer acknowledges receipt of deed restriction document titled ‘Declaration of Restrictions’ and agrees to accept the conveyance document that includes the terms, conditions and restrictions set forth therein.

• Buyer acknowledges that Bank of America employees and their spouse, domestic partners, dependent children and business entities in which an employee has an interest are prohibited from purchasing the properties.

• No Buyer Broker compensation will be offered

• DO NOT BID unless you have read the Williams & Williams Terms & Conditions of Sale, the Contract for Sale, Property Disclosures, all available due diligence materials, and the Auction Day Notes for each property. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, AUCTION DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

• All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale.

• Escrow. Buyer acknowledges receipt of the Joint Escrow Instructions that modifies the Contract for Sale to provide for a designated Escrow Agent to hold down payment funds. Buyer and Seller agree that the Escrow funds may be held in a trust/escrow account located outside of the state where the Property is located.

· Property Tax Disclosure Summary: Buyer Should Not Rely On The Seller’s Current Property Taxes As The Amount Of Property Taxes That The Buyer May Be Obligated To Pay In The Year Subsequent To The Purchase. A Change Of Ownership Or Property Improvements Triggers Reassessments Of The Property That Could Result In Higher Property Taxes. If You Have Any Questions Concerning Valuation, Contact Property Appraiser’s Office For Information.

· Square Footage/Acreage Disclosure. The source of the square footage or acreage represented for the property is from public record. Buyer understands and acknowledges that square footage or acreage measurements of a property can vary from a few feet to several hundred feet regardless of source (County Assessor’s records, appraisal or appraisal measurement report, survey, etc.). Buyer shall be solely responsible for satisfying that the size and/or square footage or acreage of the property is acceptable to the Buyer.

• Personal Property Not Included.  Only title to the real estate is being conveyed. Personal property may be present, but is not included in the auction. Removal of personal property remaining on site at the time of closing is the responsibility of the Buyer.

· Zone, Code, and Use Disclosure.  Buyer acknowledges that the Property shall be purchased “AS-IS, WHEREIS, WITH ALL FAULTS.” The Property may be subject to city, village, and/or county code or zoning violations, and Buyer accepts the property subject to any such violations.  Buyer agrees to conduct an independent search of all property records in the city, county, and/or village prior to bidding and has bid accordingly.  Buyer shall be responsible for any and all required remediation of the property, if any.  Buyer shall not rely on any information provided by the Seller or Williams & Williams regarding the status of any code or zoning violations, and shall base its decisions on its independent inspection.  Buyer also acknowledges that the property may be subject to city, village, and/or county occupancy regulations and requirements which may impact the current and/or future use of the properties.  Buyer acknowledges that the seller and Williams & Williams make no warranties of any nature, express or implied, as to the permitted uses of the property, and any prohibition of buyer’s intended use of the property shall not be a grounds for terminating the contract.

• Pictures may not reflect specific parcel, entire parcel, or current conditions of any structures that are present.

Licensing
GA Williams & Williams Mrktg Srvcs, Inc., Lic. No. H-16048; Cynthia L. Dees, Lic. No. 354797, 800-801-8003.; Monte Lowderman Auc Lic. AUNR002789
Quick Terms
  • "As-Is, Where-is", no contingencies to sale
  • 5% Buyer's Premium
  • 10% Down-payment ($5,000 minimum)
  • View full Terms of Sale
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