Historical Retail Sale Listing - ONLINE AUCTION: Ordered By Lender - Restaurant

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ONLINE AUCTION: Ordered By Lender - Restaurant

1871 S. Dort Highway, Flint, MI 48503

N/A

5,038 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
5,038 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Vacant/Owner-User
Distressed:
Yes
Auction:
Yes
Commission Split:
2%
Listing ID
18028147
Last Updated
over 1 year ago

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.

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

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Created 2/14/2013