0 Old Fayetteville Rd, Palmetto 30268

Fulton County Government issued a sealed-bid solicitation for the sale of County-owned real property at 0 Old Fayetteville Road, Palmetto, Georgia 30268, with bids due September 20, 2022 at 11:00 a.m. via Zoom; however, the County rejected all bids received and returned the property to surplus inventory on May 24, 2023.

The property consists of two contiguous parcels (Tax Numbers 07-3609-0067-028-5 and 07-3609-0067-029-3) totaling approximately 4.58 acres of vacant land at the former Palmetto Senior Center site. The property is sold "as is, where is, and with all faults" by quit claim deed only, with no property inspection or open house scheduled. Bidders were required to complete all due diligence prior to bid opening.

Award was to be made to the highest responsive and responsible bidder, provided the offered price was acceptable to the Land Administrator and County Manager based on the property's appraised fair market value. The successful bidder was required to close within 30 days of the Notice of Award. Earnest money of 10% of the bid amount, in certified funds, was due at bid submission, with the original check due within five business days of opening. Proof of funds from a banking institution was required; mortgage or loan commitments did not satisfy this requirement.

All bidders were required to be represented by a Georgia-licensed real estate agent or broker. The County paid a 5% real estate commission at closing if the representative held an Exclusive Buyers Brokerage Agreement with the buyer. The successful bidder was responsible for all closing costs, including the County's closing attorney's fees, payable in cashier's check, wire transfer, or bank-issued check. The transaction was cash with no financing contingencies allowed. Questions were due by 2:00 p.m. on August 16, 2022. Per Fulton County Revised Purchasing Code 11-1, the County's decision to reject bids for surplus real property is not subject to protest.