Property Address: 17 1st Ave NE, Cairo, GA 39828
Auction Date: Tuesday, August 1st 2 PM
Property Inspection:
Wednesday, July 26th 4 PM - 6 PM
Monday, July 31st 4 PM - 6 PM
County: Grady
Important Selling Features:
- 9,990 SQFT Office Space in Downtown Cairo, across the street from Grady County Courthouse. Great for investor or large company looking for additional space. Sits on .75 Acres with, 42 Parking Spaces,
- 26 Offices
- 3 Conference Rooms
- 3 Reception Spaces
- 2 – 3 Stall Bathrooms
- 4 – Half Baths
- 1 – Full Bath
- 6 Storage Rooms
- 1 Kitchen
- 1 Kitchenette
- 1 Safe Room
- Rural Zone Investor Tax Credits
- 9 Residential Lots in city limits of Cairo, GA.
- Personal Property from home and office, including desks, chairs, Home Furnishings, Collector Items.
Detailed Property Description:
17 First Ave Northeast, Cairo, Georgia 39828:
Welcome to 17 First Ave Northeast, an impressive office building located in Cairo, Georgia. This expansive property spans an impressive 9,990 square feet and is situated on a generous .67-acre lot. With its unique layout divided into four separate spaces, this office building offers tremendous potential for your business endeavors. Featuring 26 offices, 3 conference rooms, 3 reception spaces, 2-3 stall bathrooms, 4 half baths, 1 full bath, 6 storage rooms, 1 kitchen, 1 kitchenette, and a dedicated fire room, this property caters to your diverse needs.
Step inside and discover a versatile floor plan designed to accommodate your business operations. The building's layout, divided into four distinct spaces, allows for flexibility in utilization while maintaining a cohesive overall design. With 42 available parking spaces, convenience, and accessibility for both your employees and clients are assured.
The offices within this building provide spacious and well-appointed workspaces, offering the perfect environment for your team to thrive. Additionally, the inclusion of three conference rooms ensures ample space for important meetings, presentations, and collaborative sessions. Welcoming your clients with sophistication, the three reception spaces create a professional and inviting atmosphere.
The office building also features essential amenities to support your day-to-day operations. Multiple bathrooms, including 2-3 stall bathrooms, 4 half baths, and 1 full bath, are conveniently distributed throughout the premises. Moreover, six storage rooms are available, providing ample space for organizing documents and materials. A kitchen and kitchenette are provided for your convenience, allowing for meal preparation and breaks.
One distinct feature of this property is the inclusion of a dedicated fire room. This secure space serves as a storage area for important documents, providing an added layer of protection in case of emergencies.
With its substantial size, adaptable layout, and range of amenities, 17 First Ave Northeast presents an exceptional opportunity for your business. The division into four separate spaces offers flexibility in utilization and potential for various businesses or income generation through rental opportunities.
Don't miss the chance to make this exceptional office building your business's new home. Schedule a viewing today and envision the possibilities for your company to thrive in this dynamic space.
This property is in a State of Georgia Rural Zone, and can qualify for, Job Tax Credits, Rehabilitation Tax Credits, and Investment Tax Credits.
Job Tax Credit - The Job Tax Credit (JTC) will be $2,000 per new full-time equivalent job per year, up to 5 years and not to exceed $200,000 total or $40,000 per year. New full-time equivalent job means an aggregate of employee worked hours totaling 40 hours per week between two or more employees. At least two net, new full-time equivalent jobs must be created to qualify. This credit is for the small business owner who opens a storefront and creates jobs.
Investment Tax Credit - The Investment Credit is equivalent to 25% of the purchase price, not to exceed $125,000 total or $25,000 per year. At least two net, new full-time equivalent jobs must be created and maintained to qualify for the investment credit. This credit is for people who purchase a building downtown and cannot be taken unless jobs are created and JTC is taken.
Rehabilitation Tax Credit - The Rehabilitation Credit is equivalent to 30% of the qualified rehabilitation, not to exceed $150,000 total or $50,000 per year. At least two net, new full-time equivalent jobs must be created and maintained to qualify for the rehabilitation credit. This credit is to offset development costs associated with the rehabilitation of a certified investor property.
Visit www.downtowncairoga.com/ruralzone or call 229-377-1722 to learn more!
Property Taxes:
17 First Ave Northeast, Cairo, Georgia 39828 - C0200092 -
GPS Coordinates:
17 First Ave Northeast, Cairo, Georgia 39828 - C0200092 - 30°52'40.65"N 84°12'27.29"W
Driving Directions:
17 First Ave Northeast, Cairo, Georgia 39828:
At the intersection of HWY 84 and HWY 93/111 (North Broad Street) head South .06 Miles, Take a left onto 1st Avenue Northeast, the building will be the 2nd on the left. “Watch for Auction Signs!”
For More Information Contact:
Spencer Young
Wiregrass Auction Group
(229) 890 – 2437 – Office
(229) 225 – 8625 – Cell
Spencer@BidWiregrass.com
Online Only Auction Real Estate Bidding Terms and Conditions
Please Read the following terms carefully. By registering for this auction, you acknowledge that you have read and understood all terms and conditions herein and set forth within the supporting documentation described in the terms and that you have inspected the property or had the opportunity to do so.
If you do not agree to these terms, please DO NOT bid!
The property will be offered for sale through Wiregrass Auction Group Online Bidding Platform.
Bidder Registration and Verification:
For verification purposes, a credit card is required in order to register for this auction. Upon registering, an authorization charge of $1,000.00 will be charged against the credit card used for registration. This authorization is not a permanent charge placed on your card, it is only a pre-authorization used to verify identity of our bidders and the availability of funds on the credit card used for registration. Please be advised that WAG has no control over the length of time the verification charge remains on your card, that is at the sole discretion of your credit card company. Also, please be aware that registering for multiple auctions could incur multiple verification charges; and in some instances, multiple verification charges may result in a fraud alert being sent to the card holder. WAG reserves the right to reject or accept bidder registrations at its sole discretion.
Terms of Sale:
At the close of the auction, successful bidders will be emailed a contract package. Included in the contract package will be the purchase contract as well as instructions for submitting your earnest money deposit. The required earnest money deposit required is stipulated in the Contract for Sale.
Bid Increments:
The Bid Increments will be as follows:
Amount Up to: | Bid Increments |
$10,000 | $500 |
$50,000 | $1,000 |
$100,000 | $2,000 |
$250,000 | $5,000 |
$500,000 | $7,500 |
$500,000+ | $10,000 |
WAG reserves the right to adjust bid increments as needed.
Scheduled Auction End Times:
The Auction is scheduled to end at the published end time, subject to auto-extend bidding. Each time a bid is placed on any property included in this auction, with the clock showing less than 10 minutes, the clock will reset to 10 minutes for the entire auction. In the event the auto-extend time needs to be reduced, WAG reserves the right to adjust the auto-extend, as needed
Buyer’s Premium:
A 10% Buyer’s Premium will be added to the bid price for each property to determine the final contract price. For example, if your final bid price is $100,000, 10% ($10,000) will be added, resulting in a total contract price of $110,000.
Contract for Sale:
This property is offered under the specific terms provided in the Contract for Sale. The Contract for Sale is available for review at www.WiregrassAuctionGroup.com. Please fully read and review the Contract for Sale prior to bidding. If you have any question or concerns to anything included in the Contract for Sale, please contact WAG prior to bidding. Please do not bid prior to reviewing the Contract for Sale Document.
As Is, Where Is:
All property is selling “As-Is, Where Is” with all faults. It is the buyer’s responsibility to conduct any and all inspections and perform all acts of due diligence deemed necessary before bidding. Placing a bid will be considered as acceptance of the property in it’s as-is condition.
Bidder Default:
In the event a winning bidder fails to submit the signed Contract for Sale and/or earnest money deposit as specified in the terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at registration. All administrative fees are non-refundable.
Bid Cancellation: Wiregrass Auction Group, Inc. reserves the right to remove or cancel the bids and bidding privileges of the party at any time that bids or bidding is deemed to not be in the best interest of the seller.
Earnest Money Deposit:
Upon the close of the auction, successful high bidders will be required to submit the required earnest money deposit as stipulated in the Contract for Sale. The successful bidder, will have 24 hours to send the earnest money in the form of Wire Transfer or Cashier’s Check.
Real Estate Closing:
With timing being of the essence, each contract will be a cash contract, not contingent or subject to financing, appraisal, or survey, as described in the Contract for Sale. Closing will take place no more than 30 days from the end of the auction as stipulated in the Contract for Sale. The Buyer will be responsible for all closing costs and the transaction will be conducted by the closing attorney specified in the Contract for Sale.
Agency Disclosure:
Wiregrass Auction Group, Inc. herein after WAG is acting as agent for the seller and at no time is WAG responsible for, acting on behalf of, or acting as agent for the buyer. Full agency disclosure will be acknowledged by both seller and buyer on the Agency Disclosure form attached as Exhibit “C” on the Contract for sale.
Disclaimer:
Wiregrass Auction Group, Inc believes all information contained herein to be correct to the best of our knowledge. All information is being furnished to bidders solely for the bidder’s convenience and it is always the responsibility of the bidders to determine the accuracy and completeness of all information. Reliance on information provided is solely at the risk of the recipient. Bidders should always conduct their own due diligence, inspections, and investigations prior to bidding. Bidders needing assistance should seek necessary assistance prior to placing a bid.
Disclosure:
As detailed in Rule 55-10-.01 (3) of the Georgia Auctioneers Commission: Any auction sale is, without requirement of announcement at any time, presumed to be with reserve unless the property are in explicit terms put up at absolute auction. According to Rule 55-10-.01 (4)(b) Wiregrass Auction Group and our sellers hereby give notice that bids may be made by the seller, or upon the seller’s behalf, at any auction with reserve.
