NCDOT Assets 146973 & 208659 - 3.45+/- AC Commercial Land, Charlotte NC

ONLINE ONLY

July 9th - July 30th at 4PM Noon


PROPERTY DESCRIPTION

NCDOT ASSET 146973

Location: 6407 Idlewild Road, Charlotte NC 

Mecklenburg County

PIN 13308123

Book/Page 26059-357

3.18+/- Acres 

Recent Appraisal of $225,000.00 (See report in documents)

Tax Assessed Value $1,154,100.00

Zoning / Land Use Code O400

Class B Property* (this property has no road access)


NCDOT ASSET 208659

Location: 6333 Idlewild Road, Charlotte NC

Mecklenburg County

PIN 13308113

Book/Page 27920-951

.27+/- Acres 

Recent Appraisal of $55,000.00 (See report in documents)

Tax Assessed Value $109,800.00

Zoning / Land Use Code C700

Class B Property* (this property has no road access)


Auction is Subject to 10 Day Upset Bid Period after auction conclusion, Upset Bids require 5% or greater raise of bid, 10 Day Upset Expires July 30 @ 4 PM.


All bids 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.


AUCTION MANAGER

Chris J Crawford

919.935.1974

[email protected]


Iron Horse Auction Company

174 Airport Rd.

Rockingham , NC 28379

[email protected] 910-997-2248

6407 Idlewild Road Charlotte, 28212

Ends on 07/30/2024