This Retail Property is Off-Market.

1871 S. Dort Highway
Flint, MI 48503 ·

5,038 SF · Retail For Sale

N/A

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This property will be auctioned on
03/04/2013 10:00 AM EST

Auction Location:

ONLINE AUCTION

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This property was auctioned on 03/04/2013 {{displayTime | date:'hh:mm a'}} EST

ONLINE AUCTION: Ordered By Lender - Restaurant

Price N/A Property Use Type Vacant/Owner-User
Building Size 5,038 SF Distressed Yes
Property Type Retail Auction Yes
Property Sub-type Restaurant Commission Split 2%
Listing ID: 18028147 Date Created: 02/14/2013 Last Updated: 04/01/2013

Description

ONLINE AUCTION: Ordered By Lender - Restaurant in Flint, MI - Suggested Opening Bid of $38,000

Lender Ordered Auction of a family restaurant in Flint, MI. Suggested opening bid of $38,000. Closing must occur by March 27, 2013!

Restaurant located ¼ mile south of I-69 in Flint, MI. Great location next to a McDonald' s, with 209' of frontage on Hwy 54. Heavy traffic of 27,637± cars per day. Property has good signage and excellent visibility. Fully paved front, sides and rear, with 100 parking spaces on a level lot. E zoning is Heavy Commercial-Limited Manufacturing District. All utilities available.

Buyers Premium:8% Buyers Premium based on the high bid.
Closing: Closing must occur by March 27, 2013. Sold in As-Is condition, no contingencies. NOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, THE FULLY EXECUTED PURCHASE AND SALE AGREEMENT (A COPY OF WHICH IS AVAILABLE FOR DOWNLOAD WITH THE PROPERTY INFORMATION PACKAGE) SHALL CONTAIN THE SPECIFIC TERMS OF THE SALE AND SHALL GOVERN THE RELATIONSHIP BETWEEN SELLER AND PURCHASER.
Deposit Amount: $5,000 initial deposit required to bid, acceptable payment in wire transfer, certified funds or credit card hold. Final non-refundable deposit will be equal to twenty percent (20%) of total purchase price due in full to Stewart Title Guaranty Company via wire transfer no later than 5:00pm ET on March 7, 2013. Upon receipt of full deposit the initial deposit hold will be removed from bidder's credit card by Tranzon.
Broker Co-op: 2% of the high bid will be paid to a properly registered buyer broker upon consummation of closing.

Online bidding ends Wednesday, March 6, 1:30pm ET. Please see Auction FX1714 at our website for more information.

Research

1871 S. Dort Highway, Flint, MI 48503 (Genesee County)

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