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Tyler, TX - 2695 S SW Loop 323

2695 S SW Loop 323 - Tyler, TX

Description

THE PROPERTY: A 1.68 Acre commercial development site located at the northwest corner of the signalized intersection of S SW Loop 323 and Briarwood Road.This property is not located within the Cascades master planned community. The site is partially wooded with great visibility and access to Loop 323.

Zoning: The property is zoned C-2

BILLBOARD INCOME: A double-face lighted outdoor sign, owned by Lamar Advertising is situated towd the south lot line facing perpendicular to the Loop 323 frontage. The billboard is operated under a month to month lease at $750.00 per month.

MULTI-PROPERTY AUCTION: This property is included in a multi-property auction directed by the US Bankruptcy Court. All of the following properties will be sold subject to the low minimum bids below. Don't miss this chance to buy one of these properties at auction.

Parcel Address Acres Type List Price Minimum Bid Cashier's Check to bid
1 3202 Cascades Ct. 4.291 Multi-Family $975,000 $495,000 $30,000
2 0 Wexford Drive 2.02 Multi-Family $495,000 $225,000 $25,000
3 2695 S SW Loop 323 * 1.68 Commercial $450,000 $225,000 $20,000
4 4206 Hogan Drive 0.718 Golf Course $275,000 $140,000 $15,000
5 4212 Hogan Drive 0.552 Golf Course $225,000 $110,000 $15,000
6 4218 Hogan Drive 0.491 Golf Course $175,000 $95,000 $15,000
7 4443 Cascades Shoreline Drive 1.005 Lake Front $175,000 $80,000 $10,000
8 2817 Stewart Way 0.403 Home Site $65,000 $35,000 $5,000
9 2867 J Culpit Court 0.381 Lake Front $50,000 $27,500 $5,000

* NOTE: 2695 S SW Loop 323 is NOT located in the Cascades Master Planned Community.

Why Buy This Property

High Traffic Location – This high traffic location has frontage on both S SW Loop 323 and Briarwood Road. The Traffic Count on Loop 323 is approximately 30,000 VPD.

Billboard Income – This property presently generates billlboard income from Lamar Sign Company on a month to month lease.

Property Location

Auction / Date / Time

Auction
October 10, 2018 6:00 p.m. CDT

Property Video

Offering Strategy

MIMIMUM BID: $225,000 - This property will be sold to the highest bidder, subject to the published minimum bid and the Terms of Sale. This is a live auction event. Bidders are encouraged to ask questions in advance. Bidding will take place at the Hilton Garden Inn, 220 East Grande, Tyler, Texas.

The purchase of a Bidder's Information Packet and a cashier's check made payable to Homeland Title Company is required to bid. See Bidder's Information Packet for more details.

Inspection Dates

This vacant land parcel is available for viewing at your convenience. Inspection of the property is at your own risk. Seller nor seller's agent takes no responsibility for any injury which may occur while inspecting the property. Please call 312.278.0600 Extension 101 if you have any questions.

Auction Location

Live Auction- The auction will be conducted as a live auction event . The auction time and location are as follows:

The Hilton Garden Inn
220 E Grande, Tyler, Texas.

Registration: 5:00 PM
Auction: 6:00 PM

Details

Certified Funds To Bid : $20,000

Buyer's Premium (Buyer's Fee) : 8% of the high bid

In Cooperation With : Renee Y. Jones - Licensed Texas Auctioneer

Order Bidder's Information Packet

A Bidder's Information Packet is required to bid. The packet includes: auction and property information, homeowner's association documents, title report, survey, real estate tax bill, local information, auction purchase and sale agreement, and terms of sale.

Bidder's Information Packets are available in PDF format for $30.00. To order your Packet or call us at 312.278.0600 ext. 101 or email us at info@fineandcompany.com 

Contact Us

  Fine And Company LLC
  Michael A.Fine, CCIM, CAI, AARE
  Illinois, United States
  312-278-0600
  michael@fineandcompany.com

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Other Information

Broker Participation : Buyer's Agent participation is invited!
A 2% referral fee will be paid to th REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale. Seller has provided a variable commission rate.

Licensing : Michael A. Fine, Licensed Texas Broker

Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet. 

Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.

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