STRUCTURED CALL for OFFERS

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604  N. Main Street in Spring Lake, NC is being offered for sale through a Structured  Call for Offers. 

This  process is designed to provide private investors and LIHTC developers equal access to a competitive and transparent  opportunity.

**  A 1.5% fee of the gross sales price will be paid by the Seller at closing to the licensed broker or finder who: (a) submits the initial buyer introduction; (b) has a written representation agreement with that buyer; and (c) remains involved through closing. Buyer must disclose any broker or finder relationship in writing at first contact with the Seller. Failure to disclose representation at first contact means no fee will be honored. **

Offer Process

• Price:  $2,650,000
• Offer Window Opens:  21 December 2025
• Offer Window Duration: 60 days.
• Submission Deadline: All offers must be submitted in writing by 18 February 2025
• Review Date: Offers will be opened and reviewed on that date only. No rolling acceptances.
• Final  & Best Offers Only: Please submit your strongest offer up front. No  upset bids or resubmissions will be accepted after the deadline.

Types of Offers Accepted

• Outright Purchase Offers – standard acquisition with agreed-upon closing.
• Option-to-Purchase Offers (LIHTC Developers) – structured options tied to tax credit awards.
• Partnership Proposals – GP/Limited Partnership structures, or joint ventures.

All proposals should clearly state structure, timing, contingencies, and proof of capacity.

Evaluation Criteria

Offers will be evaluated on:

• Price / Net Proceeds (75%)
• Certainty and Timing of Close (10%)
• Contingencies and Conditions (10%)
• Partnership Benefits (5%)

Offer Submission

All offers must be submitted in writing by the deadline to:  Alex@604NorthMain.com & cc to owner's attorney inez@deondarzasimmons.com

DISCLAIMER

This  call for offers is not a traditional auction or brokerage listing. The  seller reserves the right to accept or reject any and all offers at its  sole discretion. Submission of an offer does not create a binding  agreement until executed by both parties in writing.