Online Only Auction of 7,500±SF Office Building on 0.7± Acres in Macon, GA (Bibb County)
1020 Riverside Drive, Macon GA 31201
Bidding Opens: Wednesday, March 15 at 11:00 AM ET
Bid Deadline: Wednesday, March 22 at 11:00 AM ET
Inspection: Monday, March 20 at 11:00 AM ET SHARP
Sale Manager: Jeb Howell 770-841-9924 or Jeb@AMCbid.com
7,500± SF Single story stucco building constructed ca 1987 on 0.7± acre lot near downtown Macon on Riverside Drive at Franklin Street. The building is divided into numerous offices and hallways surrounding a central courtyard. Per tax plat, lot has 182 feet of frontage and curb cuts on Riverside Drive and 246 feet of frontage on Franklin Street. Riverside Drive Lane runs behind the building with curb cuts into large rear parking lot. Tax plat dimensions support a total lot size including parking lot of .74 acre although tax records indicate .36 acre.
For a purchase price above the minimum bid, Seller will offer financing to Qualified Purchasers on the following terms: 20% downpayment, 11.9% annual interest rate, payable in monthly installments, either (a) amortizing over a period of 15 years, or (b) Principal and Interest payments, plus escrow, with a balloon in 5 years.
Property Tax Class C-4
Tax Parcel # Q072-0070
2016 Estimated Bibb County Taxes $2,900.91
Per GDOT, 2015 annual average daily traffic counts on this part of Riverside Drive were 15,900.
Bank Proof of Funds Required to Bid, 10% Buyer’s Premium added to winning bid to determine sale price, EM Deposit of 20% of purchase price, close by April 21, 2017.
The bid deadline for the asset is Wednesday, March 22nd, 2017 at 11:00 AM ET . Any bids placed within 5 minutes of the deadline will extend the deadline for 5 minutes. The bidding continues until 5 minutes pass with no additional bidding. Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures.