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Current Opportunity
1115 S. Wilmington Street
Minimum Bid: $18,425
PUBLIC NOTICE
Sale of City Surplus real property – Advertisement for upset bid proposals. In accordance with N.C.G.S 160A-269, the public will take notice that the City of Raleigh has received and proposes to accept the offer of $17,500 from Archive Development, LLC to purchase the property identified as Wake County Tax Parcel REID 0078460, being located at 1115 S. Wilmington Street, Raleigh, NC and containing approximately 0.07 acres. The City will give a non-warranty deed. PLEASE NOTE THAT THIS PROPERTY IS LANDLOCKED AND DOES NOT HAVE LEGAL ACCESS TO A PUBLIC STREET RIGHT-OF-WAY. The winning bidder will be responsible for all advertising costs incurred by the Sellers during the upset bid process. Any person may, within ten (10) days from the publication hereof, upset the bid by submitting a written offer on the specific City of Raleigh Offer to Purchase and Contract found at https://bit.ly/45vxeyy, in a sealed envelope labeled “1115 S. Wilmington Street” to the City of Raleigh Revenue Services Window, at the Avery C. Upchurch Municipal Complex, 1st Floor Revenue Services Lobby, 222 West Hargett Street, Raleigh, NC 27601, increasing the amount being considered by at least ten (10%) percent of the first one thousand ($1,000) and five (5%) percent of the remainder, accompanied by a deposit equal to five (5%) percent of the new bid. Deposits must be submitted in the form of a certified check or money order and made payable to the City of Raleigh. Written offers with deposits are due by 9:30 AM on Monday, August 31st. The City of Raleigh reserves the right to accept or reject any or all bids. For additional information, please contact Sarah Beth Gentry at 919-996-4291, and/or TDD 919-996-3107.