AUCTION- 291 Main St. Alpharetta,GA- SOLD for $286,000.

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1025 sq. ft. Commercial Structure on .22+/- acre. Just north of Downtown Alpharetta, DOT Traffic Count 26,000 vehicles per day. Approved for general or medical office, beauty salon, retail. Contact Tim Tise @ 770 262 5248.
Began: 05/17/07 at 3:00 PM UTC
Began: 05/10/07 at 1:00 PM UTC
Ended: 05/10/07 at 3:00 PM UTC

Thursday, May 17th @ 3:00 pmPROPERTY # 203- 291 Main Street (Hwy. 9), Alpharetta, Georgia 30004Property Description: 5 Room House- Commercial Use, May Be Used For General Office, Medical Office, Beauty Salon or Retail Store, etc., DOT Average Daily Traffic Count at location is over 26,000 vehicles per day. Property Inspection: Thursday, May 10th at 1:00 pm- 3:00 pmProperty Directions: From GA 400, Exit Old Milton Parkway (Exit 10) Go west towards Alpharetta, turn Right on Hwy. 9/Main Street, Property is approximately 1 Mile on Right.Closing Attorney: Lane and Karlo, Purchaser Pays Closing Attorney FeesContact Tim Tise@ 770 262 5248 For More Information

AUCTION REGISTRATION: Auction registration will begin one half hour before each auction. In order to register, you must present a valid drivers license or other form of identification, and evidence of a checkbook or other means of paying the required earnest money deposit. ALL AUCTIONS ARE ONSITE UNLESS NOTED.

PROPERTY INSPECTION: See individual property listings.

BROKER PARTICIPATION INVITED: Unless noted otherwise in property listing or herein, a broker commission of twenty (20%) of Auctioneer commission will be paid on real estate.  For most transactions, this will equate to a commission of two (2%) of the bid amount of that transaction. However, brokers must understand that on some transactions, total commissions paid may be smaller than ten (10%) of the bid amount. A commission will be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, fax or hand delivery the prospect’s name and address on the real estate company's letterhead. The registration letter must be signed by the prospect and the Broker, and must be received at an office of Auction Management Corporation no later than 5:00 PM two (2) days prior to each auction via fax or mail. Broker must also attend the auction and sign the Auction Real Estate Sales Contract if their client is the winning bidder. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction.

AUCTION INFORMATION OFFICES: The auction information office is located at 1827 Powers Ferry Road, Building 5, Atlanta, Georgia 30339, phone (770) 980-9565. Fax: (770) 980-9383. Brochures, Auction Real Estate Sales Contracts, and other information may be obtained by calling the office, or by visiting our website at

TERMS OF SALE FOR REAL ESTATE: Successful bidders will pay an initial earnest money deposit of ten (10%) of the purchase price (bid amount plus buyer’s premium), or as otherwise noted in the listing. Upon conclusion of the bidding, bidder will sign an Auction Real Estate Sales Contract, and may write a locally drawn personal or business check for the required earnest money deposit. The earnest money deposit is non-refundable for all sales.

Closing must occur within 30 days following the auction unless extended in writing by mutual consent of the parties. It is purchaser's responsibility to schedule closings. Buyer not closing within the contractual time period to close may forfeit his/her earnest money deposit. Failure to schedule the closing does not relieve purchaser of obligation to close or forfeit earnest money. The successful bidder for the property shall execute an Auction Real Estate Sales Contract for the property immediately after being declared the successful bidder by auctioneer. A form Auction Real Estate Sales Contract is available from the auctioneers. The Auction Real Estate Sales Contract which successful bidders must sign at the auction contains an acknowledgment that the purchaser has inspected the property prior to the auction, is relying solely on his/her inspection, and is purchasing the property As Is with all faults and without reliance on any warranty of any kind whatsoever. NO CHANGES WILL BE MADE TO SAID AUCTION REAL ESTATE SALES CONTRACT OR ANY EXHIBITS ATTACHED THERETO, AND THE HIGH BIDDER WILL BE OBLIGATED TO EXECUTE AND DELIVER SAID AUCTION REAL ESTATE SALES CONTRACT ON AUCTION DAY. Provided, however, Seller reserves the right to modify or amend said Auction Real Estate Sales Contract, to complete blank sections, to attach appropriate exhibits, and to comply with state and local laws as may be enacted or amended from time to time. PRE-AUCTION OFFERS: Must be on cash terms, and must be submitted to Auctioneers no later than 1 week prior to each auction.

BUYER'S PREMIUM: Unless noted otherwise, property sold at this auction will be sold with a ten (10%) percent buyer's premium. The bid amount plus buyer's premium equals the final purchase price. For example: A $1,000 bid, plus the $100 buyer's premium, equals the $1,100 final purchase price.

FINANCING: Please note that financing is NOT a contingency of any of the auctions. Because financing is NOT a contingency, all potential bidders must make certain in advance that they are capable of obtaining the necessary financing to close the transaction.

PLATS/SKETCHES/DRAWINGS AND PHOTOS: Are not to be relied on. Existing legal descriptions are not guaranteed for complete accuracy. All acreage and dimensions are approximate and could be subject to change upon an actual field survey. It is purchaser's responsibility to verify all information provided herein. All stakes, signs or flags indicating boundaries or location are for general location purposes only and are not to be construed as precise property corners.

KEYS: Neither Auctioneer nor Sellers warrant key availability on any property. If available, keys will be provided at closing. However, bidders are strongly advised to re-key any properties immediately after closing.
AUCTION POWER OF ATTORNEY: For interested bidders who cannot attend the auction but would like to have a representative bid at the auction on their behalf, an Auction Power of Attorney can be obtained by contacting the Auction Information Office at (770) 980-9565.

TAX EXCHANGE: Sellers and Purchasers agree that Sellers may effectuate 1031 Tax Exchanges on certain properties sold herein. Purchasers will agree to cooperate and execute necessary documents to enable Sellers to consummate said transactions.  EASEMENTS: All property sold is subject to recorded easements which include existing roads and planned roads, power line and other utility easements, ingress and egress easements, and other easements of record.

BUYER'S NOTE: Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Personal on-site inspection of the property is strongly recommended. Failure to inspect property prior to auction does not relieve purchaser of contractual obligations of purchase. Property sells As Is – Where Is with no warranties expressed or implied. Real property to be conveyed by limited or special warranty deed. Only the following sale closing costs will be paid by seller: (1) Commissions or brokerage fees to auctioneer and/or cooperating Brokers as set forth in separate agreement with auctioneer, and as established in these Terms and Conditions; (2) Tax Stamps (unless Seller is exempt); (3) reasonable title corrective expenses, in Seller’s sole determination; and (4) Prorated property taxes and back taxes due, if any. All other closing costs, including but not limited to surveys, title examination, loan closing costs, and closing attorney fees are at the expense of the Buyer. All properties must close at the offices of the Seller- designated attorney announced by Auctioneer at the auction of each property. Unless noted otherwise, purchasers pay all closing fees charged by Seller-designated closing attorneys.

Loan closing costs are at the buyer's expense, if buyer chooses to finance the property. Information was gathered from reliable sources and is believed to be correct as of the date this brochure is published, however, this information has not been independently verified by sellers or auctioneers. Its accuracy is not warranted in any way including, but not limited to, information set forth herein concerning property taxes, easements, utilities, covenants and restrictions, zoning, acreage of parcel, and nature of improvements. There is no obligation on the part of Sellers or Auctioneer to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. The sellers do not have any liabilities whatsoever for any oral or written representations, warranties or agreements relating to the property (including information appearing in this brochure or announcements made at the time of the auction) except as expressly set forth in the Auction Real Estate Sales Contract. Buyers accept all conditions, restrictions, and easements of record. There is no minimum starting bid required on any unit. Bid increments are at the sole discretion of auctioneer. Properties which are not indicated in the listings as selling regardless of price are sold with reserve. Bidder acknowledges that seller and auctioneer and their employees, agents, affiliates, and associates reserve the right to place bids on properties sold with reserve up to the seller’s reserve price, at their sole discretion. Neither seller, auctioneer, nor their representatives may bid above the reserve price. There is no obligation on the part of the sellers to accept any backup bids in the event the high bid falls through.

LEAD BASED PAINT: It is possible that homes sold in this auction, built prior to 1978, may have lead based paint. Pursuant to HUD and EPA regulations, prospective bidders at this auction are advised to satisfy themselves prior to the auction as to the existence or non-existence of lead based paint in any home they intend to purchase. Successful bidders are advised to satisfy themselves of same at least ten (10) days prior to auction. The "Auction Real Estate Sales Contract" will include a Federal form about lead based paint; seller and successful bidder will acknowledge same at the signing of the aforesaid Contract. Bidders are encouraged to contact the auctioneer for a copy of the EPA pamphlet regarding lead based paints. Auction bidders expressly waive the right to cancel the sale following the auction if lead based paint is found afterward. Buyer hereby holds harmless the sellers, auctioneer, attorneys, their assignees, agents, employees, etc. from any and all responsibility of any kind associated with lead based paint in any of the properties purchased.
DISCLOSURE: In all transactions, the auctioneers are acting as agents for the Seller, not as buyer's agents.

FOR DETAILED INFORMATION VISIT  or call  Tim Tise ( at 770-262-5248.

From GA 400, Exit Old Milton Parkway (Exit 10), Go west towards Alpharetta, Turn right onto Hwy. 9/Main Street, Property is approximately 1 mile on right.

Palmetto Auction & Realty, LLC

26 Seashell Ct. Simpsonville, SC 29681

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