Disclosed Minimum Bid Land Auction on I-85 between Greenville and Spartanburg, SC

Description:
This is a rare offering of 450+/- Acres of development land in 15 separate tracts.  The property offers over 7800 feet of frontage on I-85, over one mile of river frontage on the North Tyger River, and excellent topography.   These tracts are strategically located on the booming I-85 corridor between Atlanta, GA and Charlotte, NC just miles from BMW’s North American Assembly Plant.  Excellent access to the various tracts is provided from Highway 29 (Exit 66) and also from Highway 129 (Exit 68).  These tracts are perfect for investors, developers, or corporations interested in prime industrial, hotel, retail, office, or multi-family opportunities in the vibrant Upstate SC market.  Don’t miss this rare opportunity to own a piece of valuable multi-use land for pennies on the dollar!  Accepting Pre-Auction Bids.

Utilities:
Water Provider: SJWD
Electric Provider: Duke Energy
Sewer Provider: SJWD
Gas Provider: Piedmont Natural Gas

Zoning: 
No Zoning in Spartanburg County – Must abide by Spartanburg Co. Land Use ordinance

7 Offerings of 15 tracts:
Offering # 1 - 44.07+/- Acres
     Proposed Use: Industrial or Recreational with Rail (Norfolk Southern)
     Last List Price: $12,500 per acre; Will Sell At or Above: $2,900 per acre + BP
Offering # 2 - 83+/- Acres
     Proposed Use: Industrial, Manufacturing, or Recreational with I-85 Frontage, Access via Hwy 129, and water frontage on North Tyger River; +/-1,936 sq. ft. house sits at 2002 Ft. Prince Blvd and is sold with the land.
     Last List Price: $17,500 per acre; Will Sell At of Above: $6,200 per acre+ BP
Offering # 3 – 244.3+/- Acres
     Proposed Use: Industrial, Manufacturing, or Recreational with Rail access (Norfolk Southern), I-85 frontage, access to the site from Hwy 129 and Hwy 29.  Property backs up to Leigh Fibers Manufacturing plant.
     Last List Price: $15,000 per acre; Will Sell At or Above: $3,200 per acre+ BP
Offering # 4 – 5.5 Acres “Hotel Site” I-85 and Hwy 29 Interchange Site
     Proposed Use: Retail land with frontage on Hwy 29, I-85, and entrance ramp
     Last List Price: $250,000 per acre; Will Sell At or Above: $100,000 per acre + BP
Offering # 5.1 – Tract 1: 3.4+/- Acres, Industrial
Offering # 5.2 – Tract 2: 4.9+/- Acres, Industrial
Offering # 5.3 – Tract 3: 9.1+/- Acres, Industrial
Offering # 5.6 – Tract 6: 6.9+/- Acres, Industrial
Offering # 5.7 – Tract 7: 6.5+/- Acres, Industrial
     Proposed Use: Spartan Exchange Industrial Park, Sites sold based on proposed layout.  Two tracts already sold, 5 available ranging in size.
     Last List Price: $45,000 per acre; Will Sell At or Above: $20,000 per acre+ BP
Offering # 6 – 29.49+/- Acres, Industrial
     Proposed Use: Industrial Tract with rail access (CSX RR), Frontage on both I-85 and Hwy 29.  Previously proposed SCDOT RR crossing approved for adequate user.
     Last List Price: $45,000 per acre; Will Sell At or Above: $14,000 per acre + BP
Offering # 7.10 – 0.907+/- Acre Pad (Lot 10 in Spartan Exchange Village)
Offering # 7.14 – 0.918+/- Acre Pad (Lot 14 in Spartan Exchange Village)
Offering # 7.4 – 1.38+/- Acres, Commercial Pad (Lot 4 in Spartan Exchange Village)
Offering # 7.5 – 1.30+/- Acres, Commercial Pad (Lot 5 in Spartan Exchange Village)
Offering # 7.6 – 1.35+/- Acres, Commercial Pad (Lot 6 in Spartan Exchange Village)
     Proposed Use: Retail, Restaurant, Office Pad that is ready to build on
     Last List Price: $400,000 per acre; Will Sell At or Above: $100,000 per acre + BP

Inspections:
Inspect at your own convenience – Guided Tours available April 1, 8, 15, 18 & 19.  We suggest reserving an appointment to ensure gates are open and allowing 2-3 hours to tour the properties with a representative who can answer your questions.

Directions to Property:
From Charlotte: Take I-85 South for  approximately 69 miles to Exit 68 (Hwy 129) or Exit 66 (Hwy 29).  Look for Auction signs.
From Atlanta:  Take I-85 North for  approximately 162 miles to Exit 66 (Hwy 29) or Exit 68 (Hwy 129).  Look for Auction signs.

Auction Location & Time:
April 20th, 2PM
Hampton Inn – Greenville/Spartanburg I-85
108 Spartangreen Boulevard
Duncan, SC
(864) 486-8100

Suggested Lodging for Non-Local Bidders:
Hampton Inn – Westgate Mall
801 Spartan Boulevard,
Spartanburg, SC
(864) 699-2222

Directions to Auction Site:
Take Exit 63 (SC 290 E ) toward Moore.  After approximately 0.2 miles turn left onto Spartangreen Blvd.  The Hampton Inn will be on your right behind Denny’s.

Summary of Term:
10% Buyers Premium. No representations or warranties, expressed, written or implied by the Seller or Auctioneer. All property is being sold "AS-IS, WHERE-IS". Roll-back taxes shall be the responsibility of the buyer, if applicable.  In order to bid at the auction, a non-refundable deposit of 10% of the purchase price is required immediately following the auction and closing within 30-days of ratification of purchase and sale contract. 1.5% Broker participation offered. Complete terms and conditions will be provided prior to auction day.

Thomas R. Ligon, CAI, SC Auctioneer #1716; Broker SC 17640
National Commercial Auctioneers, SC Auction Firm #3970

In cooperation with The Lyons Group, LLC. Robert W Lyons, CCIM, AARE, SC Auctioneer #3630; Broker SC 18212, Adam D. Padgett SC 60977