240 North Jeff Davis Drive, Fayetteville, GA 30214
Auction: Fayetteville, GA: 2 Historic Homes on 2.07± Acres at 240 & 260 N Jeff Davis Drive, Fayetteville, GA 30214 (Fayette County)

Excellent Redevelopment Site
Bid Deadline: Tuesday May 14, at 11:00 AM
Inspection: Friday, May 3 and Monday, May 13 at 12 Noon SHARP or By Appointment
Sale Manager: Larry Goff 678-296-3648 Larry@amcbid.com or Jeb Howell 770-841-9924 or Jeb@AMCbid.com

 

 

Lot 101: 240 North Jeff Davis Drive, Fayetteville, GA 30214
The 2,838±SF building at 240 North Jeff Davis Drive, like many of the structures on the street, was built at the turn of the last century. It features 12 foot ceilings and ornate finishes on the main level, a small ballroom, a parlor, and a commercial kitchen and preparation area with a walk-in cooler as a staging area for events. The attic is accessed by a narrow stairwell as well as a large dumbwaiter which drops down into the hallway of the main level. 

The property has been extensively renovated in the past 10 years with modern appliances, HVAC system, kitchen and baths and was used with 260 North Jeff Davis Drive as an event facility until early 2023. All utilities are available to the site and it is zoned DMU-BC under the new Universal Development Ordinance adopted May 4, 2023 by the city of Fayetteville, which provides for a number of commercial uses including Event Facility. The lot has 160 feet of frontage and between 332 and 334 feet of depth. 

The property was acquired by the bank through foreclosure on June 7, 2023. Current ordinances state that if the site has not been in use as an event facility for over a year, a conditional use application must be filed with Fayetteville Planning and Zoning to continue to use it as an event facility. 

 

Fayette County Tax Parcel 052301054 
2023 Fayette County Appraised Value $289,240; Assessed Value $115,696
2023 Fayette County Property Taxes $3,876.73 (paid)

 

 

 

Terms: Must register and submit proof of funds to bid, 10% Buyers Premium added to bid to determine Purchase Price, Earnest Money Deposit of 10% of Purchase Price within 24 hours of end of auction, sign as-is contract, 2% broker co-op, close in 30 days.

 

Julian E Howell, Auction Management Corporation GAL#2503