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Bankruptcy Real Estate Auction – 22,175± SF Multi-Building Commercial Property with Retail Showroom, Workshops & Greenhouse – Lincolnton, NC

969 Reepsville Rd. Lincolnton, NC 28092

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Ending in: 7d 1h 54m 38s

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    Lot 1

    Former Hardware Store Property 969 Reepsville Rd., Lincolnton, NC 28092

    • Five combined structures totaling approximately 22,175± square feet
    • Combination of a retail show room, two work shops, greenhouse structure, and an open-sided storage building
    • Situated on approximately 1.86± acres with approximately 425± feet of road frontage
    • Lincoln County Tax Parcel ID: 01078 | PIN: 3623455726
    • Zoned GMC (General Manufacturing and Commercial District – City of Lincolnton) allowing a wide variety of commercial and industrial uses
    • Asphalt parking lot with 27 marked spaces
    • Fenced rear yard (metal fencing)
    • Roadside signage
    • Served by Lincoln County public water and a private on-site septic system 
    • Electrical infrastructure currently operates on single-phase service but includes panelboards capable of supporting three-phase service, offering potential flexibility for commercial or light industrial operations requiring heavier equipment. Buyers should verify current service configuration and availability of three-phase service with the utility provider.

    Structure Details: 

    Building 1 
    10,255± SF one-story masonry and metal-sided building. Former retail showroom with workshop area, five enclosed offices, and two restrooms. Central Heat and A/C. Built in 1975.

    Building 2 
    1,520± SF one-story metal-sided workshop with four roll-up drive-in doors measuring approximately 14 ft. tall by 12 ft. wide. Built in 2023.

    Building 3 
    5,250± SF one-story metal-framed greenhouse with translucent polycarbonate greenhouse panels, equipped with gas heaters, multiple exhaust fans, evaporative cooling system, and irrigation/watering lines.

    Building 4 
    4,000± SF one-story metal-sided workshop with one roll-up drive-in door measuring approximately 14 ft. tall by 10 ft. wide. Built in 1985.

    Building 5 
    1,150± SF open-sided storage building with metal roof and concrete slab, suitable for equipment or material storage.

    INITIAL BIDDING OVERVIEW

    • A 10% Buyer’s Premium will be added to the high bid to determine the final contract price
    • The successful online bidder will be required to submit a $10,000 earnest money deposit within 48 hours following the conclusion of the online auction
    • Property sells subject to Bankruptcy Court approval
    • Closing to occur pursuant to Bankruptcy Court order and approved purchase agreement

    BANKRUPTCY COURT SALE 

    This property is being sold pursuant to a Motion to Sell Property Free and Clear of Liens filed in the United States Bankruptcy Court for the Western District of North Carolina in the matter of Bean Brothers Real Estate, LLC, Case No. 25-40203.

    • The online auction will establish the initial high bid for the property. The final sale is subject to approval by the Bankruptcy Court at a scheduled Sale Hearing.
    • Qualified bidders may submit additional bids at the Sale Hearing in increments of not less than $15,000 above the prior bid, with the highest and best bid submitted at the hearing being presented to the Court for approval.
    • The property will be conveyed free and clear of all liens, claims, interests, and encumbrances, with valid liens attaching to the sale proceeds in accordance with the Bankruptcy Code.
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  • 1

    Former Hardware Store Property 969 Reepsville Rd., Lincolnton, NC 28092

    • Five combined structures totaling approximately 22,175± square feet
    • Combination of a retail show room, two work shops, greenhouse structure, and an open-sided storage building
    • Situated on approximately 1.86± acres with approximately 425± feet of road frontage
    • Lincoln County Tax Parcel ID: 01078 | PIN: 3623455726
    • Zoned GMC (General Manufacturing and Commercial District – City of Lincolnton) allowing a wide variety of commercial and industrial uses
    • Asphalt parking lot with 27 marked spaces
    • Fenced rear yard (metal fencing)
    • Roadside signage
    • Served by Lincoln County public water and a private on-site septic system 
    • Electrical infrastructure currently operates on single-phase service but includes panelboards capable of supporting three-phase service, offering potential flexibility for commercial or light industrial operations requiring heavier equipment. Buyers should verify current service configuration and availability of three-phase service with the utility provider.

    Structure Details: 

    Building 1 
    10,255± SF one-story masonry and metal-sided building. Former retail showroom with workshop area, five enclosed offices, and two restrooms. Central Heat and A/C. Built in 1975.

    Building 2 
    1,520± SF one-story metal-sided workshop with four roll-up drive-in doors measuring approximately 14 ft. tall by 12 ft. wide. Built in 2023.

    Building 3 
    5,250± SF one-story metal-framed greenhouse with translucent polycarbonate greenhouse panels, equipped with gas heaters, multiple exhaust fans, evaporative cooling system, and irrigation/watering lines.

    Building 4 
    4,000± SF one-story metal-sided workshop with one roll-up drive-in door measuring approximately 14 ft. tall by 10 ft. wide. Built in 1985.

    Building 5 
    1,150± SF open-sided storage building with metal roof and concrete slab, suitable for equipment or material storage.

    INITIAL BIDDING OVERVIEW

    • A 10% Buyer’s Premium will be added to the high bid to determine the final contract price
    • The successful online bidder will be required to submit a $10,000 earnest money deposit within 48 hours following the conclusion of the online auction
    • Property sells subject to Bankruptcy Court approval
    • Closing to occur pursuant to Bankruptcy Court order and approved purchase agreement

    BANKRUPTCY COURT SALE 

    This property is being sold pursuant to a Motion to Sell Property Free and Clear of Liens filed in the United States Bankruptcy Court for the Western District of North Carolina in the matter of Bean Brothers Real Estate, LLC, Case No. 25-40203.

    • The online auction will establish the initial high bid for the property. The final sale is subject to approval by the Bankruptcy Court at a scheduled Sale Hearing.
    • Qualified bidders may submit additional bids at the Sale Hearing in increments of not less than $15,000 above the prior bid, with the highest and best bid submitted at the hearing being presented to the Court for approval.
    • The property will be conveyed free and clear of all liens, claims, interests, and encumbrances, with valid liens attaching to the sale proceeds in accordance with the Bankruptcy Code.

    • Selected Lots:

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