Now in Upset Bid Period - NCDOT Asset 235061 - 1.55+/- Acres Cleveland County

NCDOT Cleveland County Commercial Property to start February 7 @ 8 AM and end February 14 at NOON. 10 Day Upset Bid period will end February 29 at 4 PM.



Location: 4903 East Dixon Boulevard, Kings Mountain NC 28086 

Cleveland County

PIN 2565854539

Book/Page 1799/366 

1.55+/- Acres 

Recent Appraisal of $85,000.00 (See report in documents)

Tax Assessed Value $32,658.00

Zoning / Land Use Code R / CP (Residential / Corridor Protection) 

Class A Property*

Subject to 10 Day Upset Bid Period after auction conclusion, Upset Bids require 5% or greater raise of bid, 10 Day Upset Expires February 29 @ 4 PM.

Subject to NCDOT approval of highest bid after 10 Day Upset period ends.

NCDOT Property Closings are performed through the office of the NC Attorney General and are at the timing and discretion of the NC Attorney General. Closings are cash transactions not contingent upon buyer financing, properties can take 6 months or longer to close.

10% Earnest Money Deposit Required after NCDOT approval of high bid.

10% Buyer Premium

*NCDOT properties are classified Class A, Class B, Class C:

Class A – A property (i) whose size and road access are sufficient to allow commercial or residential development of one or more stand-alone projects without requiring the acquisition of additional real property and (ii) whose size and shape appear sufficient to allow compliance with applicable or proposed zoning and development standards for parking, setbacks, side and front yard requirements, and access.

Class B – A property (i) that does not meet the definition of a Class A property, but still may have significant value and (ii) that would enhance the value of adjacent land by allowing larger or more extensive uses when joined to the adjacent land.

Class C – A property that does not meet the definition of a Class A or Class B property and due to size or lack of access will be of interest mostly to an adjoining owner.

Iron Horse Auction Company

174 Airport Rd.

Rockingham , NC 28379

[email protected] 910-997-2248

4903 East Dixon Boulevard Kings Mountain, 28086

Ends on 02/29/2024