AUCTION - Prime 4.3ac Commercial Parcel in 2 Tracts on Hwy 380
REAL ESTATE AUCTION....4.3 ACRES ZONED C2 DIVIDED IN 2 TRACTS - FRIDAY, July 30 at 11am - Hwy 380 at Hwy 377 in Crossroads TX - OPENING BID IS $100,000 FOR EACH TRACT!!! REAL PROPERTY: Prime Commercial Real Estate on 4.2995 acres divided in 2 Tracts As a Prospective Buyer, you will have the opportunity to purchase Either Tract or Both. Road Frontage and Entrances on both Hwy 380 and Hwy 377. Easy access to Hwy 75 and I-35, just 5 minutes to Denton, 20 minutes to Frisco and less than an hour to Dallas, Fort Worth, DFW & Love Field Airports, Lone Star Park. LIVE AUCTION: The 2 Tracts will be offered for sale in a live, audible Auction, conducted by a licensed Auctioneer on FRIDAY MORNING, JULY 30TH at 11:00AM CDT. The Auction will be conducted on-site, at intersection of Hwy 380 and Hwy 377 in Crossroads. On-site registration will begin at 9:00am on the day of the Auction. The 2 Tracts will sell "AS IS". It is the sole responsibility of potential Buyers to inspect and research the properties prior to the Auction. REAL ESTATE TERMS: A 10% Buyer's Premium will be added to the high bid attained at Auction to constitute the Total Contract Price. The Non-Refundable 10% Buyer's Premium will be paid the day of the Auction when the Contract is executed by cash, cashier's check or a personal/business check will be accepted if accompanied by a "Bank Letter of Guarantee". The balance will be due at Closing, on or before, Friday, September 17, 2021 at 5:00pm CDT. Buyer is responsible to attain his or her own financing prior to closing. ONLINE BIDDING: If you are unable to attend the live auction held...you can participate in real-time online bidding that will be available through PROXIBID beginning at 10:30am CDT on the day of the auction. Pre-registration with PROXIBID is required. Pre-registration with PROXIBID is required. AGENT INCENTIVE: Real Estate Agents are eligible to receive a 2% commission. Bring your Buyer and co-register the day of the auction. The Real Estate Agent of the successful Buyer will receive a 2% commission of the auction strike price to be paid the day of Closing. Real Estate Agents participating as a Principal to the transaction or are an Immediate Family Member of the Buyer are ineligible for the Agent Incentive.
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