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Walls, MS - Development Opportunity Minutes From Memphis

Goodman Road (HWY 302) & Poplar Corner Road - Walls, MS

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Description

The property is offered in 10 Tracts.  Bidders may bid for a single tract or any combination of tracts or the entirety.

Walls 9.30.20

 

Why Buy This Property

LOCATION:   The property is located in unincorporated Desoto County with a Walls, MS mailing address.  From Memphis, Take I-55 south to State HWY 302 West (Goodman Road) to the property.  When you exit I-55 at HWY 302 you are in the hub of all retail and services with the Southaven Towne Center all of the other retail, restaurants, lodging and other services nearby including Baptist Memorial Hospital.  This property is located between the towns of Horn Lake, Walls and Lynchburg.

Property Location

Auction / Date / Time

Sealed Bid Auction
October 30, 2020 2:00 P.M. CDT

Property Video

Offering Strategy

MINIMUM BID AUCTION - These properties will be sold subject to the Minimum Bids and the Terms of Sale. This is a sealed bid auction event. Bidders may bid for a single tract, any combination of tracts or the entirety.  Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet and 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

Inspection dates for the Stable - Arena and single-family homes are on October 10, 17, 25.  The times are:  11:00 am for the Stable and 1:00 – 3:00 pm for the single-family homes.  

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

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

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 October 30th. 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 : See Offering Memorandum or Bidder's Information Packet

Buyer's Premium (Buyer's Fee) : 10% 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 per Tract or $40.00 for all of the tracts. 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

Bid-Packet-Order-Form

Contact Us

  Fine & Company LLC
  Michael A.Fine, CCIM, CAI, AARE
  Illinois, United States
  312-278-0600
  michael@fineandcompany.com

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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 LLC licensed Mississippi Real Estate Broker LC677500000, Renee Y. Jones Licensed Mississippi Auctioneer #722

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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