Lot # : 1 - 00 City Lake Drive - 101 Acres in Albemarle NC

Online Only Auction
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High Bid: 0.00 USD
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Time Remaining: 18d 4h 19m
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Albemarle, NC 29715
Date(s)
4/18/2024 - 5/20/2024
AUCTIONEER INFORMATION
Catalog
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Bidder's Info Package
Bidding Notice:

This is an internet-only auction. All bidding activity will take place online.

Information
Lot # 1
Group - Category Real Estate - Ag / Farm Land
Lead 00 City Lake Drive - 101 Acres in Albemarle NC
Description
ONLINE ONLY AUCTION ENDING MONDAY, MAY 20TH @ 5PM Residential development acreage in Albemarle, NC! This property is over 101 acres in size with gently rolling topography. Located just inside Albemarle city limits with acreage on both sides of City Lake Drive. Property has shoreline frontage with beautiful views of Long Lake & City Lake Park. Current owner has preliminary plans as a residential development with +/- 180 lots, currently zoned R-10 with tons of development nearby. Water & Sewer is near by from Stanly County. See site plan and survey in Bidder's Information Package for more details. Property is conveniently located between Highway 73 (Concord Rd) and Highway 24 (Albemarle Road), just minutes from downtown Albemarle! Also convenient to Charlotte, Concord & Kannapolis. Owner will provide winning bidder with development and engineering plans/documents they have completed or documents/plans can be provided to a bidder prior to end of auction if bidder signs a non-disclosure agreement. For more information about this auction, please contact Auctioneer Dan McLemore at (704)564-0351 or Broker Kevin McLemore at 704 361-7151. This online only auction will end on Monday, May 20th at 5:00 pm.
Name 101 Acres in Albemarle NC - City Lake Drive
Auctioneer
United Country Real Estate The McLemore Group
Type Online-Only Auction
Date(s) 4/18/2024 - 5/20/2024
Auction Date/Time Info
Online Only Auction, Ends on Monday May 20, 2024 at 5pm EST.
Preview Date/Time n/a
Checkout Date/Time Purchaser will sign Auction Purchase Agreement and pay Earnest Money Deposit immediately following the close of the Auction.
Location
00 City Lake Drive
Albemarle, NC 29715
Buyer Premium 8% Buyer's Premium Charged
Description
ONLINE ONLY AUCTION ENDING MONDAY, MAY 20TH @ 5PM Residential development acreage in Albemarle, NC! This property is over 101 acres in size with gently rolling topography. Located just inside Albemarle city limits with acreage on both sides of City Lake Drive. Property has shoreline frontage with beautiful views of Long Lake & City Lake Park. Current owner has preliminary plans as a residential development with +/- 180 lots, currently zoned R-10 with tons of development nearby. Water & Sewer is near by from Stanly County. See site plan and survey in Bidder's Information Package for more details. Property is conveniently located between Highway 73 (Concord Rd) and Highway 24 (Albemarle Road), just minutes from downtown Albemarle! Also convenient to Charlotte, Concord & Kannapolis. Owner will provide winning bidder with development and engineering plans/documents they have completed or documents/plans can be provided to a bidder prior to end of auction if bidder signs a non-disclosure agreement. For more information about this auction, please contact Auctioneer Dan McLemore at (704)564-0351 or Broker Kevin McLemore at 704 361-7151. This online only auction will end on Monday, May 20th at 5:00 pm.
This is a Reserve Auction, Sold Subject to Seller Confirmation. Earnest Money Deposit of $25,000 required on Monday, May 20th 2024. 8% Buyer's Premium, 30 Day Close or by Thursday June 20th, 2024. Download Bidder's Information Package for complete terms and conditions, sample purchase contract, maps and general property info.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 1,999,999.99 100,000.00 USD
2,000,000.00 - 2,399,999.99 50,000.00 USD
2,400,000.00 - 9,999,999.99 25,000.00 USD
Currency USD
Buyer Premium 8% Buyer's Premium Charged
Payment Terms
Eearnest Money Deposit to be paid at the completion of the Auction, Closing within 30 days.
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