COMMERCIAL REAL ESTATE AUCTION - LAMAR, CO
The auction for this property will take place on Saturday, August 26, 2017 at 11:00 AM
LOCATION: 7245 US HWY 50, Lamar, CO
Commercial Real Estate in a Prime Location! As the new owner you will gain a 1.16 acre lot and a great commercial office building. Located right along US HWY 50 this site offers excellent customer access.
The building includes two office spaces and one apartment. The office portion of the building is 2,299 sq. ft. One office space is currently vacant and features multiple rooms, and storage areas. The other has a long time tenant with a current lease in place. The two office spaces share a kitchenette/bathroom area. The office spaces both have forced air heat and A.C.
The apartment is 891 sq ft and is located in the back of the building. It features two bedrooms and one full bathroom with forced air heat and window A.C. New flooring has been installed in the kitchen/living area. The apartment includes an electric stove, refrigerator, and clothes washer and dryer. The hot water heater is less than 10 years old and the gas furnace is in good shape. Each space (both offices and apartment) have their own entrance.
The property taxes on the property are $630.82 annually and the property is zoned as commercial.
There will be personal property items to sell immediately after the real estate auction. Items to include mainly office furniture (desks, chairs, filing cabients, conference tables, etc.)
- 891 +/- sqft
- Built in 1948
46-22-19; 400FT N-S X 140 FT E-2 SE1/4SW1/4 - BEG INT N R/W LIN US #50 & 287 & 385 E LINE SW1/4 SEC 19 - TH W' LY HWY
Real Estate to sell promptly at 11:00 a.m.
Personal Property to sell immediately after the real estate.
Property Showing: Tuesday, August 22, 2017 @ 5:00 p.m.
Real Estate Terms: A nonrefundable earnest money deposit of 10% of the purchase price will be due on day of the sale, with the remaining balance due at closing. Buyer will be required to sign a purchase agreement at the conclusion of the real estate auction. The earnest money deposit will be credited toward the purchase price at closing.
Closing & Possession: Closing will be on or before September 19, 2017 and possession will take place at closing. Closing costs will be split 50/50 between buyer and seller. The Seller will provide the title insurance policy.
Titles & Warranties: Title will be a special warranty deed and title insurance. Property and all inclusions sell as is, were is, with all faults and without exceptions or contingencies and is subject to restrictions, reservations, or easements, if any now existing with the property. Caveat Emptor.
ALL ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE
Buyer is responsible for conducting, at thier own expense, inspections, surveys, appraisals, or other professional opinions. Sale of said property will not be contingent upon result(s) of any inspection, survey, appraisal, and/or financing.
Utilities: May Valley Water Association (Water), North Lamar Sanitation District (sewer), City of Lamar (electricity), Atmos Energy (natural gas). Utilies are presently in active use.
Taxes: $631/year (2017)