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ExxonMobil - Kilgore (Overton), TX

North of County Road 1115 - Kilgore, TX

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Description

This site is located outside of Kilgore and Overton, Rusk County, Texas with a population of 15,000 and is surrounded by agricultural and industrial land.  Access was provided by a gate and gravel road located on the southwest portion and County Road 1115 crossed the center and provided access to the other side.  There are four plugged and abandoned oil wells, concrete foundations from former pump jacks, various flow lines, pipelines, pipe stub-ups, valves, and pipeline markers.  The property is bordered on the west side of the property.  Land use in the vicinity is oil fields and wooded land to the north, east, and south and County Road 1116, residential and agricultural land with oil wells to the west.

  • The property is 63 acres, 1 parcel

  • Access is from an asphalt road bearing off County Road 1115 to the right
  • Surrounding land use is a mix of commercial and residential

  • Current Zoning – N/A (No zoning – rural area)

  • Proposed Future Use – Commercial/Industrial

Other Information

  • Former USP office and campsite for employees

  • Phase I (2014) and Phase II (2019) environmental assessments were completed; Sixteen (16) inactive, P&A’d oil-producing wells on-site; set back requirements of 150' radius in the SPA

  • TES – Criteria C (Smaller Site); Endorsed 09/26/2019

DIRECTIONS:

From the intersection of N State Hwy 42 and FM 2012 Roads - Proceed southwest  0.4 MI, turn right on FM 1115. Proceed 0.5 MI on 1115 then right at the split in the road into the property

Property Location

Auction / Date / Time

November 12, 2020 2:00 p.m. CST

Property Video

Offering Strategy

MINIMUM BID: $15,000 - This property will be sold to the highest bidder, subject to the published minimum bid and the Terms of Sale. This is a sealed bid auction event.  Bidders are encouraged to ask questions in advance.  The purchase of a Bidder's Information Packet and a wire-transferred funds to the Title Company listed in the Purchase and Sale Contract advance of bidding. See Bidder's Information Packet for more details.  

Inspection Dates

This is vacant land and is available for viewing at your convenience. Inspection of the properties is at your own risk. Seller nor seller's agent takes responsibility for any injury which may occur while inspecting the property. Please call 312.278.0600 Extension 101 if you have any questions.

Auction Location

Sealed Bid Auction- This is a sealed bid auction event. Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet is required to bid. Bidders are required to submit a wire-transferred auction deposit to the Title Company listed in the Purchase and Sale Contract and fill in and sign the auction Purchase and Sale Agreement in order to bid. See Bidder's Information Packet for more details.

Bids are to be delivered to  Fine & Company LLC via email to info@fineandcompany.comon or before 2:00 p.m. Local Time on November 12th. The bidding instructions are contained in Bidder's Information Packet. The Terms of Sale and the Purchase and Sale Contract are important for you to review and understand.  Should you have any questions, please contact Fine & Company at 312.278-0600 extension 101.

Bids received after the bid deadline will not be eligible for consideration and will be returned to the sender.

Details

Certified Funds To Bid : $5,000

Buyer's Premium (Buyer's Fee) : 6% of the bid price

Order Bidder's Information Packet

A Bidder's Information Packet is required to bid. The packet includes auction and property information, title report, environmental report, survey, real estate tax bill, local information, auction purchase and sale agreement, and terms of sale.



Bidder's Information Packets are available in PDF format for $10.00. To order your Packet click on the link below and download the Bidder's Information Packet Order Form or call us at 312.278.0600 ext. 101

Contact Us

  Fine & Company LLC
  Renee Jones, CAI, AARE
  713-780-2800
  rjones@fineandcompany.com

Request more information

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Additional Information

ExxonMobil-Brochure-10-09-20

Other Information

Broker Participation : Buyer's Agent participation is invited!
A 2% referral fee will be paid to the REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale. Seller has provided a variable commission rate.

Licensing : Fine & Company LLC, Licensed TX Broker, Renee Y. Jones Licensed TX Auctioneer

Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet. 

Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.

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