Nash/Bolich Building Auction at Noon on July 15

July 13, 2009 - PRLog -- WINSTON-SALEM, N.C. – The Nash/Bolich Building auction will be held this at noon this Wednesday at the building, 616-636 West Fourth Street. The sale is court-ordered to settle the estate of one of the owners, Mary Smithdeal, who passed away in 2007.  

The main floor of the building is 18,695 square feet, and the second floor is 16,980 square feet. There is also a 10,270 square foot building occupied by an auto repair garage.

Wesley Bailey, the court-appointed commissioner, will sell the property pursuant to the official notice notice of sale in “as is” condition and subject to existing leases. Bidders must put down a 5 percent good faith deposit on the day of the sale.  In addition, it is subject to an upset bid process.

Copies of the official notice of sale, the court order appointing Bailey as commissioner and the existing leases can be obtained at http//www.bolichbuilding.com or by contacting Bailey at his Winston-Salem office located at 3069 Trenwest Drive, (336) 725-8366 (phone), or wbailey@baileyandthomaspa.com (e-mail).

For more detailed information and photographs, visit: http//www.bolichbuilding.com.

About the Building

Originally constructed by J.A. (Lou) Bolich, Jr., the Nash/Bolich Building has been in the Smithdeal family since the 1940s when it was purchased at a foreclosure sale by family members, including John F. Smithdeal. As a Winston-Salem business and civic leader, Smithdeal founded Smithdeal Realty and Insurance Company, was president of John’s Realty Company, operated Planters and George-Davis tobacco warehouses, acted as director of First National Bank of Winston-Salem  and served as a member of the N.C. State Legislature.  

In 2000, the Nash/Bolich Building received the prestigious “Downtown Excellence Award,” following its 1999-2000 “Mayor’s Award” from the Forsyth County Community Appearance Commission. The building is one of three Beaux Arts commercial buildings in Downtown Winston-Salem because of its eclectic Neo-classical styling that includes elaborate detailing such as anthemions and swags.

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