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AUCTION
9.8 Acres Commercial

Minimum Bid $299,000
Appraised $2.4 Million

 


DESOTO, TEXAS - MAY 25

Beautiful 9.839± acre corner commercial tract in the heart of DeSoto, just 1 mile west of I-35E and 4 miles south of I-20. Situated at the SE corner of E Beltline Rd. and S Polk St., the location is outstanding. Both streets are 4 lanes, with a traffic light at the corner and high traffic counts. The property is 1/2mile from schools, 1/4 mile from DeSoto Police Station, and proximate to hundreds of homes. Base zoning is General Retail (GR) with many allowable uses. Preliminary engineering and approval has been completed for a Planned Development of general retail.

   

AUCTION TIME - 11:00 A.M.
REGISTRATION TIME - 10:00 A.M.



ADDITIONAL INFORMATION

Free Brochure

Auction Information Package

Pre-Registration:
Coming soon.


AUCTION TERMS

AUCTION INFORMATION: For more information, call (866) 673-9270 or (256) 413-0555.

PROPERTY DIRECTIONS: From I-20 and I-35E, take I-35E south 1 mile and exit onto E Beltline Rd. (Exit 414). Go west on E Beltline Rd. 1 mile to S Polk St. The property is on the left (SE corner of S Polk and E Beltline).

PROPERTY INSPECTION: The property is available for inspection anytime.

AUCTION LOCATION: Hampton Inn & Suites Dallas- DeSoto, 1311 East Centre Park Boulevard, Desoto, Texas. Located on I-35E, one mile south of I-20. From the property, go north on S Polk St. for 2 1/4 mile to East Centre Park Boulevard. Turn right and go 1 mile to Hampton Inn & Suites. Tel: 972-228-0200.

AUCTION REGISTRATION: To bid at the auction, you must first register and receive a bid number. A bid deposit of $10,000 will be required at registration and will be refunded at the close of the auction, or applied to the earnest money deposit, as appropriate. The bid deposit may be in the form of a certified check made payable to the bidder, or a personal or company check with a bank letter of guarantee.

TERMS: A ten percent (10 %) down payment will be due immediately upon being declared the Buyer of the real estate. The certified fund amount of $10,000 will be credited toward the down payment. The balance of the purchase amount will be due at closing within 30 days.

AUCTION FEE: A buyer's premium of 10% will be added to the successful high bid price to arrive at the total contract price paid by the purchaser.

BROKER PARTICIPATION: The Redfield Group encourages buyer broker participation and will pay a fee to the purchaser's realtor/broker subject to certain guidelines. Call 866-673-9270 or email info@redfieldgroup.com for details.

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