51 West Adams Street Commercial Property

by L.W. Benton Company, Inc.


November 11, 2017


Gallery 51 51 W Adams Street Forsyth, GA


Online Only


Prime commercial Building in downtown Forsyth, Georgia. Over 16,000 square feet plus basement. Estimated, but not guaranteed, square footage is 22,000.

Previously used as an event venue, art gallery and specialty glass fabricating business all in one location.

Property was updated with central heat & Air along with many other upgrades that are not reflected in the tax information.

Resides on 3/4 of a city block. Growth potential unlimited in a fast growing community. 1 block off all main roads. Situated in a great location for business.


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51 W Adams St
Forsyth, GA 31029 · 

22,000 SF · Commercial Bldg For Sale

Information gathered from public records. Please note square footage may not be accurate.  Tax records indicate 16,000 square feet but do not take into account the basement area.



Parcel Number F26 108
Location Address W ADAMS ST
Legal Description LD 6
  (Note: Not to be used on legal documents)
Class C3-Commercial
  (Note: This is for tax purposes only. Not to be used for zoning.)
Tax District FORSYTH (District 02)
Millage Rate 30.631
Acres 0
Homestead Exemption No (S0)
Landlot/District N/A

View Map
Type Description Calculation Method Square Footage Frontage Depth Acres Lots
COM FF: 350.000 Front Feet 0 110 210 0 1

 Commercial Improvement Information

Actual Year Built 1930
Effective Year Built 1970
Square Feet 16000
Wall Height 14
Wall Frames Bearing Wall
Exterior Wall Brick on Br, CB, or Tile
Roof Cover Tar & Gravel
Interior Walls Celotex Panels
Floor Construction Elevated Slab
Floor Finish 25% Concrete
75% Oak
Ceiling Finish Exposed Beams
Lighting Standard FF
Heating 25% Central Heat / Air Cond
75% No Heating
auction recommendations

Thoroughly read the auction information document and familiarize yourself with the properties offered and the auction terms and conditions. If you will require financing, please see a lender for pre-qualification. If you have questions about the terms, conditions or purchase agreement, contact our office and speak with one of the auction staff. Plan to inspect or drive-by each property in which you are interested. Establish a range of value for the property and bid within your limits. We do not recommend that you bid on a property that you have not seen. There is not an inspection period after the auction. The deposit listed in the terms is due upon being declared the winning bidder. The deposit is non-refundable. All information about the property has been provided by the seller or public records. All bidders must verify all information to their own satisfaction prior to bidding. Immediately upon completion of the auction, winning bidders will be required to execute an Auction

Contract. Please be prepared to close the transaction within 30 days.

Buying real estate at auction is simple and


Good luck in your bidding!

Terms & Conditions For Sale of Real Property: Each property is offered under the specific terms and conditions provided in the

property information package. Please read and review the terms & conditions thoroughly prior to bidding on any property. If you have

not read and reviewed the Terms & Conditions of Real Property, Do Not Bid.

Terms: At the close of the auction, successful bidders will be emailed a contract to be executed and returned to L.W. Benton

Company, Inc.. Successful bidders will deposit an earnest money deposit as stated in the property information package for each

property in the form of cashier’s check, personal or company check with bank letter or wire transfer with the onsite broker listed for

the specific property. The entirety of the remaining balance is due at closing within 30 days from the sale date. Purchaser shall be

responsible for all wire transfer fees.

Contract Documents will be sent by e-mail to the successful bidder, who must execute and fax or email back to L.W. Benton Company, Inc. within 24 hours of the end of the auction.

Successful bidders not executing and returning their contract with earnest money deposit within 48 hours of the conclusion of the

auction will be considered in default.

Auction Bid Default: In the event a winning bidder fails to submit the signed “Contract for Sale of Real Property” and the

earnest money deposit as provided in the pre-stipulated Auction Terms, the winning bidder will be charged a penalty fee of $2,000.00

on the credit card provided at auction registration. Additional default remedies are reserved by L.W. Benton Company, Inc. and the

Seller as provided in the Auction Terms & Conditions and the “Contract for Sale of Real Property”.

Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, L.W. Benton Company will reject the registration, and bidding activity will be terminated.

A 10% buyer’s premium will be added to the bid price to determine the final contract price.

Buyer's premium

A 10% buyer's premium will be added to the bid to establish the contract price the successful bidder must pay. For example, a bid of

$100,000 will be assessed a $10,000 buyer's premium, creating a contract price of $110,000.

Closings: Time being of the essence, these sales shall be closed with 30 days of the sale date. The seller will pay for preparation

of the deed of conveyance, and prorated taxes up to the date of

closing. HOA fees and condominium assessments, if any, will be

prorated up to the date of closing. Rents/Incomes will be prorated to the date of closingThe purchaser will pay all other closing costs associated with this sale .

Broker Participation: A two and a half percent (2.5%) bid price commission is available to properly registered brokers. Please review the

broker participation form for eligibility.

Agency Disclosure: In all transactions, L.W. Benton Company, Inc. is acting as agent for the seller, not as buyer’s agent.

This transaction is not contingent on the buyer obtaining financing or upon any other event except as specifically referred to in these terms and conditions.

Multiple tract sales

Individual purchases are to be considered as singular transactions not contingent on the sale of other properties or tracts. L.W.

Benton Company, Inc. reserves the right to offer the property in individual tracts or lots, combinations of tracts or lots, as a whole or in anyway that we see fit in order for it to bring the most money for the seller. The sale of combinations supersedes the sale of individual tracts. The decision of the auctioneer is final. Seller and L.W. Benton Company, Inc. reserve the right to amend any terms or conditions prior to or during the auction.


By its acceptance of the deed, buyer shall be deemed to release seller & L.W. Benton Company, Inc. from any and all claims and liabilities relating to any defect, deficiency of other matter concerning the property including, without limitation, the quality, condition, quantity, or use of the property. Sellers & L.W. Benton Company, Inc. give no warranties of any kind either expressed or implied, with respect to the condition, merchantability, use, size, configuration, design, or suitability of the property.

Legal courses of action

Bids are a binding offer to enter a contract and you are responsible for honoring them. Every legal remedy available will be used to

ensure buyer's performance of this contract. Buyer accepts responsibility for and agrees for buyer and all of buyer's agents, representatives, successors and assigns to indemnify, defend and hold harmless sellers & L.W. Benton Company, Inc., their employees, governing body, officers, owners, affiliates, subsidiaries,directors, agents, and representatives from and against any and all claims, losses, damages, liabilities, judgments, fees, costs, and expenses including reasonable attorneys' fees and expenses related to, arising from, or associated with (I) the sale of the property, including, but not limited to, personal injuries or property damage incurred on the sale premises or during removal and transport of any auction item, (II) buyer's use of L.W. Benton Company, Inc.'s website and (III) a dispute with another


Bid retraction

By placing a bid, buyer and all other bidders acknowledge all terms of the auction and agree not to retract the purchase offer. If a

bidder cannot satisfy the terms of the auction, the bidder should not bid.

Disclaimer: All information contained herein is believed to be correct to the best of the L.W. Benton Company, Inc. knowledge. The

information is being furnished to bidders for the bidder’s convenience and it is the responsibility of the bidder to determine

that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk.

Each bidder must conduct and rely solely upon their own investigation and inspection. The property is being sold “AS IS” with any and all faults. By Georgia Law, all properties are sold with reserve/subject to owner confirmation unless advertised Absolute. Please review all information supplied and seek appropriate assistance prior to bidding. Note: Under Title X, the purchaser of a single family residence built before 1978 has a maximum of 10 days to inspect the property for the presence of lead-based paint. All bidders must sign a waiver of the 10 day

post sale inspection period. Any announcements made from the auction stand take precedence over all other prior announcements either

announced, published, posted, verbal, or communicated in any form.

Conducted By

L.W. Benton Company, Inc.

Phone: 478-744-0027

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