Description

**PRE AUCTION OFFER ACCEPTED – UNDER CONTRACT ** Lot for Sale in Fayetteville NC!

You have the opportunity to purchase some great potential investment properties for sale in Fayetteville NC! There are 4 commercials lots being offered for sale by online auction. These lots are located on Bonanza Drive and Morgantown Road in Fayetteville NC. The lots are located adjacent to Compare Foods of North Carolina, Little Caesars Pizza, Westover Park, and Exxon. Walgreens, Dollar General, Skylite Fast Mart, and Morgantown Elementary are very close by. The lots have access to public water and sewer. This lot is known as Offering 2.

Bonanza Drive, Fayetteville NC 28314
Morgantown Rd, Fayetteville NC 28314
Online Auction Ending Thursday May 12^th @ 4 PM

OFFERING #1: – This offering features a .86 +/- acre tract that fronts on Morgantown Road. This lot is open and adjoins Little Caesar’s Pizza, Golden Chinese Restaurant, Compare Foods of North Carolina, and is across Morgantown Road from Skylite Fast Mart.

**PRE AUCTION OFFER ACCEPTED – UNDER CONTRACT ** OFFERING #2

OFFERING #3: – This offering features a .94 acre +/- lot on Bonanza Drive, beside the entrance to Little Caesar’s Pizza, Golden Chinese Restaurant, Compare Foods of North Carolina, and across Bonanza Drive from Morgantown Elementary School. This lot is a portion of the same Tax Parcel as offering # 4. Purchase Contract will be subject to division and approval as shown on Offering # 3 Exhibit in Bidder Pack.

OFFERING #4: – This offering features 2.52 +/- wooded acres on Bonanza Drive Fayetteville NC. This lot adjoins Westover Park and Bright Young Minds Academy. This lot is a portion of the same Tax Parcel as offering # 3. Purchase Contract will be subject to division and approval as shown on Offering # 3 Exhibit in Bidder Pack.

Click Here for Interactive Map
Click Here for Bidder Pack

Online Bidding – Online bidding is now active and runs through 4 PM May 12^th 2022

Directions – From Fayetteville NC, Highway 24 West (Bragg Boulevard), Left on Highway 401 (Country Club Drive), Right on Morgantown Road. Offering # 1 is on right just past Bonanza Drive. Offering # 2, # 3, and # 4 take right off Morgantown Road onto Bonanza Drive. Lots are on left on either side of the Compare Foods of North Carolina Entrance.

Contact – Broker & Auctioneer Matt Gallimore with United Country Blue Ridge Land & Auction at 540-239-2585 or email Gallimore.matt@gmail.com 

Bidder Pack – Download Bidder Pack for complete information on each offering. Bidder Pack has maps, complete terms and conditions, zoning information, sample contracts, tax cards, and deeds. Some of the plats in Bidder Pack have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are located in Bidder Pack as well.

Zoning-   According to Cumberland County NC Real Estate Tax Cards, each offering is zoned NC which stands for Neighborhood Commercial District. According to Zoning Table provided by city, this Zoning accommodates small-scale low- intensity “convenience type retail and service uses to serve the needs of the immediately surrounding neighborhoods. Additional Zoning permissions and contacts are provided in Bidder Pack. Bidders are expected to complete their own diligence on intended use prior to bidding.

Soft Close-  If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants.

Buyer’s Premium – Ten Percent (10%): Buyer’s Premium shall be added to the final bid price place online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer’s Premium shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000).

Terms & Conditions – 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 required on day of sale (May 12^th, 2022). Close on or before June 28^th. Subject to seller confirmation.  Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence. Auction starts ending at 4 PM on May 12^th 2022. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.

Pre-Auction Sales: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform.  Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all of the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner.  Seller may accept or reject such offer at their sole and absolute discretion.  When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance.  A Buyer’s Broker Fee of (2%) is offered on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.