Buchanan, GA: 26,600±SF Former Assisted Living Facility on 10.8± Acres

Auction type

Auction

Ends

Thu, 05 Oct 2023 10:00:00 GMT

Location

4083 Business US-27

Selling Online Only to the Highest Bidder - Regardless of Price!

Bid Deadline: Thursday, October 5 at 11:00 AM ET

Sale Manager:  Larry Goff,  678-296-3648  or larry@amcbid.com ; Michael Presto, 818-203-7273 or mpresto@gaglobl.com

Description:  26,600±SF 34-room brick- sided assisted living facility on two tracts totaling 10.8± acres on the east side of Business U.S. 27. Property was in service as an assisted living facility prior to being forced to shut down during Covid.

All 34 rooms were designed for either single or double occupancy. Amenities offered by the facility included an activity center, a dining room and commercial kitchen, a salon, a nurses station and conference room, a therapy room, and a laundry facility. Gated access, and 43 parking spaces with 9 dedicated as handicapped-only use.

An easement benefiting a 7.48-acre tract to the east of the site runs along the course of the drive servicing the property from Business U.S. 27 and continues along the north boundary of the property. Public water, sewer and natural gas serve the property (CONFIRM).

Zoned C-1 by the city of Buchanan with 365± feet of frontage on Business U.S. Highway 27 in Buchanan. C-1 zoning allows for a variety of uses, as can be seen on the Buchanan zoning ordinance, posted to our website.

Permitted uses include but are not limited to retail stores, banks, health clubs/spas, barbershops, cafes and restaurants (without drive-through windows).

Conditional uses include but are not limited to auto service stations, appliance repair, bus terminal, theater (excluding drive-in theaters) wholesaling establishments, places of worship, public and private schools, golf, swimming, tennis or country clubs, hotels and motels, professional and business offices, hospitals, clinics and convalescent or nursing homes, dry cleaning shopping centers, and funeral homes.

After the property became vacant, vandals damaged a water line and a portion of the building flooded. This has resulted in a mold outbreak in the building which has not been addressed.

Haralson County Tax ID# 0074 0075AA (6.83 acres) and 0074 0075A (4 acres). All improvements with the exception of a small portion of the driveway are located on the 6.83 acre tract.

2022 Tax Value $3.146 million (6.83 acres) and $55,000 (4 acres). Because the owner is a non-profit, the 6.83 acre site with most of the improvements has not been subject to property tax. If the asset is not sold to an exempt non-profit, taxes for that portion of the property will be assessed at or following closing. 2022 taxes for the 4 acre site in the amount of $822.61 plus any 2023 taxes due must be paid by the buyer at closing.

Sold subject to insurable title free of any liens, to be conveyed through a Limited Warranty Deed.

Directions:  Buchanan is 55 miles (1 hour) west of Atlanta GA. From I-20, take US Highway 27 (exit 11) north, go 7.4 miles, then turn left onto US 27 Business, go 2.3 miles through Buchanan to the brick entrance monument for Kelly Foundation.

Broker Participation Invited:  A two percent (2%) Commission will be paid on the final contract price to any properly registered broker whose prospect purchases real estate at the auction and closes in full. Please see Auction Terms for full details.

Escrow Agent and Closing Attorney:  Vickey Atkins P.C., 129 E Elm St, Rockmart, GA 30153-2923,  (770) 684-1414 , vickey@vralaw.com . All escrow, title and closing attorney fees paid by the buyer.

Terms:  10% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit,  2% Broker Co-Op, close within 30 Days.

Auction Management Corporation GAL# 2503.