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Tucson, AZ - St. Demetrios Church - Tract 1
Why Buy This Property
OPPORTUNITY
What an incredible and rare opportunity! This 21,481 sq. ft. of buildings on a 84,809 sq. ft.(1.98 AC) site. The property is zoned multi-family residential, office (O-3), and residential (R-2). Potential for future uses includes church, school, commercial or residential uses.
LOCATION
The property is located in Central Tucson on the north side of Fort Lowell Road, west of Mountain Avenue, and south of Halcyon Road.
WHY BUY THIS PROPERTY
• High-demand location
• 2 miles north of the University of Arizona
• Close to downtown Tucson
• Easy access to public transportation
• Close to I-10 & major transportation routes
• Traffic Count – Fort Lowell Rd. 28,000 VPD, Mountain Ave. 10,519 VPD
Description
A single-story church facility and two-story educational building totaling 19,601 sq. ft. on a 79,809 sq. ft.(1.95 AC) site. Located on the north side of Fort Lowell Rd. west of Navajo Rd. Zoned O-1 (Office Zoning District).
SELLER FINANCING IS AVAILABLE!
Auction / Date / Time
December 07, 2022 2:00 P.M. Arizona TimeOffering Strategy
SEALED BID AUCTION - This property will be sold subject to a MINIMUM BID of $275,000 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 in advance of bidding. See Bidder's Information Packet for more details.
Inspection Dates
Inspection Dates and Time: By appointment only – 10:00 a.m. on November 1, 15, 29 and December 5.
Please do not disturb the church members, employees, or tenants or ask questions of their personnel.
On the inspection 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.
Registration and government-issued photo identification are required by all persons attending any and all property inspections.
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.com on or before 2:00 p.m. local time on the date of the auction. The Sale Contract is 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 : $35.000 - Certified Funds Required to bid
Buyer's Premium (Buyer's Fee) : 10% of the bid price
In Cooperation With : John A. Weaver, Licensed Arizona Broker
Order Bidder's Information Packet
A Bidder's Information Packet is required to bid. The packet includes auction and property information, title report, Phase I Environmental Assessment, lease, ALTA Survey, real estate tax bills, local information, seller financing information, auction purchase and sale agreement, auction deposit agreement, and terms of sale.
Bidder's Information Packets are available in PDF format for $30.00. To order your Packet click on the link below to download the order form
Contact Us
Fine & Company LLC
John A. Weaver, CAI, CAE
520-298-3010
John@fineandcompany.com
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 : Michael A. Fine Licensed AZ Broker
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.