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Gainesville, TX - Commercial Building

2405 E Hwy 82 - Gainesville, Texas

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Why Buy This Property

This commercial building is perfect for unlimited commercial uses with its front office area, warehouse, mezzanine storage, and ample outdoor parking seeking a highly visible, high traffic count location on HWY 82 in Gainesville, TX.

  • Area - 23,890 sq. ft.
  • Building Size - 7,000 sq. ft.
  • Office Area  - 1,200 sq. ft.
  • Total Warehouse - 5,800 sq. ft.
  • Construction: Steel, metal 
  • Overhead Doors - (1) 12' x 16', (2) 12'x12', (1) 12' x 10'
  • Walk-in Doors - 2
  • Leased Portion of Warehouse - 2,000 sq. ft.
  • Offices - Reception area, front office, private office, full kitchen, full bathroom with shower, utility room with washer and dryer hook-up,
  • Mezzanines - There are two mezzanine areas one is built-out with three rooms, the second is open storage.
  • Outdoor parking
  • Municipal water and sewer
  • Hwy 82 Traffic Count - 24,000 VPD (2018)
  • City of Gainesville Zoning - COMM

 

Property Location

Auction / Date / Time

July 22, 2021 11:00 A.M. CDT
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Offering Strategy

To be Sold Subject to a Minimum Bid of $100,000, Subject to Court Approval - This property will be sold subject to a $100,000 reserve subject to the approval of the 235th Judicial District Court, Cooke County, Texas, Case No. CV21-00066 and the Terms of Sale. This is an online auction event. Bidders are encouraged to ask questions in advance. 

Proof of funds is required to bid no later than 24 hours prior to the auction. The winning bidder must make a $10,000 earnest money deposit by 10:00 a.m. on the first business day following the auction with Gainesville Title Company and increase its earnest money to 10% of the Purchase Price by noon on the third business day following the auction. Closing will be approximately 45 days following the auction.  See Bidder's Information Packet for more details.

Renee Y. Jones, Court Appointed Receiver

Inspection Dates

Inspection dates are June 11, 18, 26, July 12 at 10:00 a.m. SHARP!  

On these dates representatives of the auction company will provide tours of the property and be available to answer questions.  Please call (312) 278-0600 extension 101 to schedule your inspection.  

Masks, Registration, and an acceptable form of government-issued photo identification are required by all persons attending any and all property viewings.

Auction Location

Details

Certified Funds To Bid : The winning bidder must make a $10,000 earnest money deposit by 10:00 a.m. on the first business day following the auction with Gainesville Title Company and increase its earnest money to 10% of the Purchase Price by noon on the third business day followi

ON-LINE BIDDING INFORMATION & REGISRATION

BIDDER REGISTRATION: REQUIREMENTS TO BID ONLINE: This is an online auction. To register and participate in the auction each bidder must follow the procedures below:

(1) register by clicking on the “register to bid button” on the property page at www.fineandcompany.com 

(2) Once you have registered on the website, the Auctioneer will email the bidder a Bidder’s Information Packet which includes the Auction Bidder’s Affidavit and Auction Purchase and Sale Agreement,

(3) You will then email us proof of funds of no less than $10,000 from a bank or credit union account,

(4) Then the Auctioneer will send you via DocuSign the Auction Bidder’s Affidavit and Auction Purchase and Sale Agreement to complete and sign online with electronic signatures. Both of these documents are provided in the Bidder’s Information Packet.

(5) You will also email the Auctioneer a copy of your driver’s license. Once the documents are received and reviewed, approved bidders will be sent an approval and bidder’s number and will then be able to place bids either through the button on the property information page for this property or by using the Fine and Company App which is available from the Apple Store or Google Play Store free of charge.

See Bidder’s Information Packet or contact us for more information. All documents must be received no later than 9:00 a.m. Central Time (CST) on the day of the Auction.

The Bidder’s Online Bidding Affidavit certifies the winning bidder authorizes the Auctioneer to fill in the purchase price and calculate the earnest money in the winning bidder’s Purchase and Sale Agreement following winning the bid.

Contact Us

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

Request more information

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Resources

We recommend our strategic partner National Property Solutions for appraisal and auction services for the monetization of business, corporate or personal assets across a broad list of asset categories in states from coast to coast.

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National Property Solutionsis a national leader in the industrial, business, and inventory auction monetization industry providing full service accelerated marketing, auction and appraisal services across dozens of industries throughout North America for public and private corporations, individual owners, and financial institutions. In addition, our extensive network of operational support staff established regional offices, we are committed to working side by side with other auction firms and professionals to ensure success through our partnership services.  National Property Solutions also acts as Court Appointed Receiver for real and personal property.  

Other Information

Broker Participation : Buyer's Agent participation is invited!
A 2% referral fee will be paid to th 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 TX 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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