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ONLINE AUCTION: Ordered By Lender - Restaurant
1871 S. Dort Highway, Flint, MI 48503
5,038 SF | Retail
Retail Property - Off Market
- Building Size:
- 5,038 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Commission Split:
- Listing ID
- Last Updated
- 343 days ago
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.
Map of 1871 S. Dort Highway, Flint, MI 48503 (Genesee County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P