Lot # : 1 - 23.9 ACRE Lot in Leland Industrial Subdivision

Online Only Auction
23.9 ACRE Lot in Leland Industrial Subdivision
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Wilmington, NC 28405
Date(s)
9/23/2023 - 9/30/2023
AUCTIONEER INFORMATION
Catalog
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Information
Lot # 1
Group - Category Real Estate - Commercial
Lead 23.9 ACRE Lot in Leland Industrial Subdivision
Description
Discover the perfect foundation for your next commercial venture in the bustling heart of Leland, North Carolina. Spanning an impressive 24+/- acres of raw and untapped potential, this expansive parcel of land is a blank canvas waiting to be transformed into a thriving commercial hub. Strategically situated adjacent to a well-connected railroad track and within close proximity to the vital I-140, this plot promises excellent connectivity and logistical ease. The land is zoned Heavy Industrial (HI) and directly adjacent to a functioning railroad track, setting up the potential for seamless goods transportation and perhaps opening doors to unique business opportunities. With the I-140 close by, enjoy quick and easy access to neighboring areas, allowing for a broader customer base and the convenient commutation for potential employees. Leland is a rapidly growing region with a budding commercial scene, attracting a diverse array of businesses and offering a fertile ground for growth and expansion. At 24+/- acres, this extensive land plot provides ample room to conceptualize and build your commercial establishment exactly to your specifications. The vastness and versatility of the space make it suitable for a wide range of commercial enterprises, As Leland continues to flourish, investment in this land promises substantial future appreciation. This is a golden opportunity to secure a significant stake in a community on the rise, laying down the roots of what could be a cornerstone establishment in the region. Property is being sold "as-is" without any improvements by the seller. NC Mineral Oil and Gas Rights Disclosure will be made available to all registered bidders and their agents if applicable. Brunswick County Parcel ID 0230001701
Name 23.9 Acre Leland Industrial Land Auction
Auctioneer
Luther Bros Auction Co. LLC
Type Online-Only Auction
Date(s) 9/23/2023 - 9/30/2023
Auction Date/Time Info
Online Sept 23-30
Preview Date/Time By Appointment Only
Checkout Date/Time Bidder must close with closing attorney within 14 days of auction completion
Location
2908-A Orville Wright Way
Wilmington, NC 28405
Buyer Premium 10% Buyer's Premium
Description
23.9 Acre Lot in Leland Industrial adjacent to I-140 and Main Railroad Track running East to Wilmington and West across NC. All bids must be placed online
Luther Bros Auction Co. LLC - Terms and Conditions (Real Property Auction) Welcome to our real estate auction. These Terms and Conditions govern your use of our auction services, including bidding on and purchasing items through our auction process and platform. By using our auction services, you agree to be bound by these Terms and Conditions. Registration to participate in our auction You must register and create an account on our online auction platform. During registration, you will be required to provide accurate and complete information. By registering for our auction, you represent and warrant that all information provided by you is accurate and complete. Agents are not allowed to bid online on behalf of any buyer. All bids must be placed by and under the registration of the actual buyer. Bidding All bids are final and binding. By placing a bid, you agree to pay the full amount of your bid, plus any applicable buyer's premium and other fees. We reserve the right to reject any bid at any time, for any reason. This is a Cash Only Auction. Contracts will be created and must be executed within 24 hours of auction ending. Closing will be handled by Midtown Property Law in Wilmington NC. Winning bidder must pay any closing attorney fees associated with closing and must close within 14 days of the close of the auction. 10% Buyers Premium will be added to the Hammer Price to create the final "contract price." Buyer's Premium is payable to Luther Bros Auction Co. LLC at the close of the property with attorney. 10% Earnest money is due at the close of auction payable to the closing attorney to be held in escrow. Deposit will be credited to the buyer at closing. If the buyer terminates the contract for any reason, the property will be relisted. No extensions will be granted. Buyer's Premium A buyer's premium of 10% will be added to the final bid price of all items sold, unless otherwise specified. Disputes In the event of any dispute between the buyer and seller, we will act as a neutral third party and will make a final determination on the dispute. Our decision will be final and binding. Liability We are not liable for any damage or injury incurred during the preview, bidding, or closing process. By participating in our auction, you assume all risks and liabilities associated with these processes. Modification We reserve the right to modify these Terms and Conditions at any time, without notice. Your continued use of our auction services after any modification constitutes your acceptance of the modified Terms and Conditions. Governing Law These Terms and Conditions shall be governed by and construed in accordance with the laws of North Carolina. Any legal action arising out of or in connection with these Terms and Conditions or our auction services shall be brought in the courts of New Hanover County (NC).
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
This is a Cash Only Auction. Contracts will be created and must be executed within 24 hours of auction ending. Closing will be handled by Midtown Property Law in Wilmington NC. Winning bidder must pay any closing attorney fees associated with closing and must close within 14 days of the close of the auction.
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Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.