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Gainesville, TX - Commercial Building
Why Buy This Property
LOCATION: Located on the east side of Mill Street just south of Highway 82, Gainesville, Cooke County, Texas a quarter-mile east of I-35.
The property is located in an amazing Gainesville location. It is just a half-block south of US Highway 82 in northwest Gainesville, Texas. The area has direct access to all areas of Cooke County, Dallas, and Ft. Worth as well as Oklahoma, via I-35 and is in the primary commercial and light industrial area of town. Several national corporations operate manufacturing plants in the Gainesville area. Gainesville offers shopping, employment opportunities, and recreation facilities. Denton is approximately 35 miles south of Gainesville, with primary access provided via I-35.
Description
1,989 SF Commercial Building - Single-tenant, steel pole frame construction with spray-foam insulated metal walls and metal roof supported by steel beams on light trusses.
The shop area consists of mostly clear span with a partitioned unfinished storage room, exposed wall insulation with the exception of metal wainscotting, exposed ceiling insulation, exposed concrete floors, and fluorescent lighting.
2 Overhead doors
The shop area is heated with a suspended gas heater.
There is also an inside HVAC unit above the office/break area, however, it is not functioning.
286 SF office space, break area, and bathroom with shower with laminate wood and vinyl flooring, plywood walls, textured sheetrock ceiling, and fluorescent lighting. The office area is heated with a gas space heater and cooled with a window unit which are included in the sale.
constructed on a 7,125 SF site
Access: 2 driveways from Mill Street
Utilities: Water and Sewer provided by the City of Gainesville, Electric is provided by multiple providers
Zoning: C-2 - General Commercial District
The entire property is fenced with two gates. There is a Concrete Drive and parking both onsite and on the street
Property Location
Auction / Date / Time
March 18, 2021 Auction Closes at 6:30 p.m. Local Time
Property Video
Offering Strategy
To be Sold Without Reserve, Subject to Court Approval - This property will be sold without reserve subject to the approval of the 235th Judicial District Court, Cooke County, Texas, Case No. CV19-00058 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% earnest money deposit by 10:00 a.m. on the first business day following the auction with Gainesville Title Company. Closing will be approximately 30 days following the auction. See Bidder's Information Packet for more details.
Inspection Dates
Inspection dates are March 6, 13 from: 10:30 – 12:00 pm.
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.
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
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.
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 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.