AUCTION - Operating Restaurant w/Equipment & 2 Residential Lots
LIVE AUCTION....OPERATING RESTAUARANT WITH EQUIPMENT & 2 RESIDENTIAL LOTS Saturday, July 24 at 4pm - 31086 Hwy 377 in Gordonville TX REAL PROPERTY: The Best Burger on 377, just south of Lake Texoma!!! Operating Restaurant near Lake Texoma on 2.15 acres fronting Hwy 377. The Restaurant sells as an Operating Business with the Restaurant Equipment included. There's also Two 1.15 acre Residential Lots on Cotton Franklin Road. As a Prospective Buyer, you will have the opportunity to purchase Any Tract, Any Combination of Tracts or Buy all 3 Tracts for a total of 4.45 acres. Great Business Opportunity with a Restaurant that's currently open for business and prime home sites on the 2 Residential Lots. Easy access to Hwy 82, I-35 and the Winstar Casino, 30 minutes to Gainesville, just over an hour to Dallas, Fort Worth, DFW & Love Field Airports, Lone Star Park or north to Madill and Oklahoma City. LIVE AUCTION: The 3 Tracts will be offered for sale in a live, audible Auction, conducted by a licensed Auctioneer on SATURDAY AFTERNOON, JULY 24TH at 4:00PM CDT. The Auction will be conducted on-site, at 31086 Hwy 377 in Gordonville. On-site registration will begin at 2:00pm on the day of the Auction. The 3 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 10, 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 at 31086 Hwy 377...you can participate in real-time online bidding that will be available through PROXIBID beginning at 3:30pm 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. OPENING BIDS: Tract 1 will have an Opening Bid of $50,000. Opening Bid for Tracts 2 & 3 will be $10,000 REAL ESTATE PREVIEW: This property my be viewed by appointment only. Call to schedule an appointment.
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