Redefining Perceptions

about Real Estate Auctions

Call Us Today! 312-278-0600

ExxonMobil - Lubbock, TX

1316 East 38th Steet - Lubbock, TX

Get updates or ask a question about this property

In order to keep you updated on this property as we move through the auction process please provide the following information:

Invalid Input
Invalid Input
Invalid Input
Invalid Input
Invalid Input
Invalid Input
Invalid Input

Description

This site is located in the City of Lubbock, Lubbock County, Texas with a population of 256,000.  it is currently vacant. Lubbock is the 11th most populous city in Texas and the county seat.  Lubbock is the area's economic, health-care, and educational hub.  It is also home to Texas Tech University.  It is located 0.05 miles east of the southeast corner of East 38th Street and Martin Luther King Boulevard.  

  • 43,210 Sq. Ft. or 0.992 Acres
  • 281- foot frontage on East 38th Street
  • The immediate area is primarily industrial, with some residential and commercial uses nearby
  • Current Zoning - M-1 Light Manufacturing District
  • Proposed Future Use – Commercial/Industrial

Other Information

  • The property was acquired in 1957 and operated as a petroleum bulk storage plant through ~1990

  • ASTs, piping and loading/unloading dock area, and 750 square foot warehouse were all demolished and removed in November 2011

  • Phase I (03/2010) and Phase II (06/2012) environmental assessments have been completed.

  • The site meets the standard of use

  • TES: Criteria C (Smaller Site); Endorsed 5/11/2020

Property Location

Auction / Date / Time

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

Property Video

Offering Strategy

MINIMUM BID: $10,000 - 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

Invalid Input
Invalid Input
Invalid Input
Invalid Input
Invalid Input
Invalid Input
Invalid Input

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.

AddToAny Buttons

Back To Top