Surplus Real Estate for Sale

real estate and asset management

Surplus Real Estate for Sale

Surplus Real Estate for Sale

As it grows and changes, Fulton County recognizes that some of its properties are no longer needed for the operations of the County. Surplus properties include both improved parcels and vacant land. The following web pages are designed to list properties that are scheduled for a public sale and to guide you through the bid process. IMPORTANT: Information provided on these web pages is for general informational purposes only. For official information concerning the properties offered for sale and for information on the bid process, you must refer to the BID PACKAGE. It is the sole source of official information governing the sales process.

Click on FREQUENTLY ASKED QUESTIONS and HOW TO BID for general information on how to buy surplus properties.

Follow the links below for the individual properties that will be offered in the upcoming sale.

Individual Properties

Surplus Real Estate

0 Donald Lee Hollowell Pkwy, Atlanta, 30318

Bid No. 14-0144-0004-072-3

Address: 0 Donald Lee Hollowell Parkway abutting 1249 Donald Lee Hollowell Parkway in Atlanta 30318

Bid Opening: May 18, 2021 11:00 A.M. via ZOOM

Property Description: A 0.628 acre lot at the intersection of Donald Lee Hollowell Pkwy and Stiff Road in Northwest Atlanta. It is zoned MRC-1, Mixed Use Residential. It has 61 feet of frontage along the Parkway and 492 feet along Stiff Road. It is unimproved with a fenced detention pond covering a portion of the parcel.

The immediate neighborhood, the Centerhill District, is in the heart of the City of Atlanta’s Donald Lee Hollowell Parkway Redevelopment Plan area. The purpose of the Plan is to guide public and private decision-making and investment along the corridor for the next twenty years. The subject is adjacent to a MARTA Station and the area is served by two city parks and has immediate access to one of the jewels of the Atlanta Beltline Redevelopment Project, the Bellwood Quarry Park. The Centerhill District is targeted as an activity node in the currently underserved area. According to the Plan, growth projections include 337 new households annually. Currently it can support an addition of 180,000 square feet of retail. Major transportation projects are already planned or underway totaling $34.5 million, and additional projects are anticipated.

Note Specific to this Property: The deed of conveyance to be issued to the winning bidder will include language requiring continuation of the storm water retention structure for onsite County improvements and future development. 

Real Estate Commission: The Buyer must be represented by a licensed Real Estate Broker or Agent to bid on this property. Commission will be paid to the real estate brokerage at closing at no cost to Buyer.

Vendor Registration: Bidders will be guided to register as Vendors of Fulton County before being granted access to Solicitations on Bid Net Direct.

Disclaimer: We believe the information in this solicitation to be correct but we do not guarantee its accuracy. Buyer should rely on his/her own investigation. Current zoning could revert to a previous classification upon closing of the sales transaction.

Bid Package
Legal Description
Site Survey
Buyer's Agent Tutorial

 

          

2181 Strickland Road, Roswell, 30075

 

Bid No. 14-0144-0004-072-3

Address: 2181 Strickland Road, Roswell, 30075

Bid Opening: May 18, 2021 11:00 A.M. via ZOOM

Property Description: This is a single-story flex/office building of approximately 3,360 square feet located on Strickland Road in the heart of Roswell in the North Fulton Submarket. Built in the 1980s and currently vacant, it was previously used as administrative office space. It offers a wealth of options for redevelopment, including expanding the footprint. The site is approximately 2 acres.

Because of its location, size and availability of private parking spaces, this property represents a unique investment opportunity. Nestled at the end of a non-thru road, it offers a sense of privacy while its immediate access to Holcomb Bridge Road and Alpharetta Highway insure easy access to the area’s primary arteries. Estimated household income and projected population growth tend to support adaptation of the space for various professional uses.

Real Estate Commission: The Buyer must be represented by a licensed Real Estate Broker or Agent to bid on this property. Commission will be paid to the real estate brokerage at closing at no cost to Buyer.

Vendor Registration: Bidders will be guided to register as Vendors of Fulton County before being granted access to Solicitations on Bid Net Direct.

Disclaimer: We believe the information in this solicitation to be correct but we do not guarantee its accuracy. Buyer should rely on his/her own investigation. Current zoning could revert to a previous classification upon closing of the sales transaction.

Bid Package
Site Survey
Legal Descriptions
Buyer's Agent Tutorial

          

Frequently Asked Question

Land Division - Surplus

Do you sell any properties for $1?

According to State law and the Real Property Disposition Policy of the Fulton County Board of Commissioners, the price of each property is based on its fair market value, which is determined by a qualified appraisal. We would only sell a property for $1 if its appraisal came back at $1.

Will I have time to arrange financing if I want to make a purchase?

All sales must be cash to the Seller (the County). Any financing must be done prior to the closing. Keep in mind that the County’s policy requires the Buyer to close within 30 days of the Notice of Award.

How often do you schedule your sales?

Sales are scheduled once properties have been declared surplus by the Board of Commissioners. There is no particular schedule. A sale may occur once or twice a year.

Do you have any houses for sale?

Whereas we may have a house for sale from time to time, most of the real estate that the County owns is commercial or institutional or vacant land. At this time, there are no surplus houses that are available for purchase.

Do you donate properties to non-profit organizations? Or is there a discount for non-profit organizations?

No. The County is prohibited from granting any donation or gratuity regardless of the worthiness of the purpose or the recipient. Where the public receives no substantial benefit, the donation or free use of county-owned property violates this constitutional prohibition.

According to State law and the Real Property Disposition Policy of the Fulton County Board of Commissioners, the price of each property is based on its fair market value, which is determined by a qualified appraisal. Neither State Law nor County policy set out an exception for non-profit buyers.

Do you give tax incentives or tax breaks if I buy your property?

The State law on the disposition of county-owned real estate does not address tax incentives or tax breaks. The Real Property Disposition Policy of the Fulton County Board of Commissioners does not provide for either tax incentives or tax breaks.

Do you pay closing costs?

No.

Do you pay real estate commissions?

We may. Under the current Real Property Disposition Policy of Fulton County, approved by the Board of Commissioners on August 1, 2012, the Land Administrator is empowered to list a property with a Georgia state-licensed real estate brokerage and pay a commission at closing. Or, the County may pay a real estate commission to the Selling Broker (called the Buyer’s Agent). Any decision regarding the payment of a commission will always be included in the Bid Package and marketing materials for each property offered for sale.

Under certain circumstances, the County may choose to engage an auctioneer to offer surplus properties to the public and pay certain costs of sale that may include a commission.

How do you decide which properties are placed on the market for sale?

There is a process prescribed by the County’s Real Property Disposition Policy. It requires the Land Administrator to assess a property’s current use and any plans for its possible future use and to conduct other due diligence research related to the property. In cases where the Land Administrator, supported by the County Manager, determines that it makes sense to dispose of the property, a recommendation is be made to the Board of Commissioners to declare the property surplus. Only if the recommendation is approved by the Board of Commissioners would the Land Division proceed to sell the property. The property would then be offered to the general public via sealed bid or public auction, according State law and the County’s Real Property Disposition Policy.

Can I do a lease purchase?

No. Currently the Real Property Disposition Policy of the Fulton County Board of Commissioners does not provide for us to finance a sale using a lease purchase arrangement.

Can I view the properties online?

Yes and no. We have made an effort to provide as much information as possible on the Fulton County web site, including a photograph of each property. Still, you are encouraged to make a site visit to each property for yourself. For properties that have locked structures or that are gated, the Land Division will make arrangements for an “Open House” when a staff person will meet the public at the property for an inspection opportunity. The date and time of the Open House will be provided in the Bid Package for each property offered for sale.

Are licensed nonprofits organizations given a preference when purchasing a property?

No. According to State law and the Real Property Disposition Policy of the Fulton County Board of Commissioners, the price of each property is based on its fair market value, which is determined by a qualified appraisal. Neither State Law nor County policy set out an exception that would give non-profit buyers a preference of any kind.

What are the required steps for purchasing a County owned property?

So glad you asked! Unlike the purchase and sale of real property in the private sector, governments are regulated by law and policy regarding the disposition of publicly-owned real property. By law, in Fulton County, we are permitted to sell surplus real property by sealed bid or auction. Our Board of Commissioners has selected the sealed bid process. It has a specific set of rules that govern how the real estate is offered for sale as well as how you must present your offer. Please see the Bid Information and Bid Package pages of this web site.

Are licensed nonprofits organizations given a preference when purchasing a property?

No. According to State law and the Real Property Disposition Policy of the Fulton County Board of Commissioners, the price of each property is based on its fair market value, which is determined by a qualified appraisal. Neither State Law nor County policy set out an exception that would give non-profit buyers a preference of any kind.

Do County employees receive a discount?

No. According to Georgia State law and the Real Property Disposition Policy of the Fulton County Board of Commissioners, there is no provision for selling property at a discount to employees of the County.

Will the county make repairs?

No. According to the Real Property Disposition Policy of the Fulton County Board of Commissioners, County-owned real property is sold “as-is”, “where-is”, and “with all faults” and transferred by QUITCLAIM DEED only.

I understand that sometimes you may require the Buyer to be represented by a real estate broker. Why?

The real estate market is ever-changing. It can be very exciting and also very challenging. We have learned from experience that in the sale of surplus, distressed, and other government-owned real estate where Buyer and Seller alike are required to adhere to a unique set of rules, regulations and policies, it is prudent that each party have professional representation in order that their interests may reliably be represented.