Commercial Shop with Paved Parking
THURSDAY – APRIL 28th – 11 a.m.
LOCATION: 706 South 5th Street, Fort Pierce, Florida
• Existing tenant paying $1,500 per month lease
(month to month) $18,000 per year
• Zoned C3 – General Commercial
• 1600 Square Foot Metal Shop Building
• Built-in floor lift
• 240 sq ft ofc
• 100 sq ft lounge
• 2 Service Bays
• 2 Overhead Doors 10 ft X 12 ft.
• 3,000 square feet of parking
• City Water & Sewer
• Completely fenced with 6 foot chain link fence
• Secure Gated Entrance
• Convenient Downtown Location
Auctioneer’s Note: In today’s economic fragility, the prudent investor will look for safety that has the historical track record of preserving principal and hedging inflationary trends. Real estate has been dramatically adjusted over the last few years and now is likely to present an opportunity that hasn’t been seen in years. And, to top it off this real estate comes with an attractive monthly income! Don’t forget, attractive seller financing is guaranteed and no minimum bids! This property sells to the highest bidder REGARDLESS OF PRICE!
ATTRACTIVE SELLER FINANCING!
SELLS REGARDLESS OF PRICE!
TERMS AND CONDITIONS OF AUCTION
• This property sells without reserve – NO MINIMUM BID!
• OPEN TO THE PUBLIC!
• 10% Buyer’s Premium added to bid price.
• $2,500 cash or cashier’s check must be displayed to bid.
• 15% deposit of the contract purchase price collected at the auction upon winning the bid.
• Additional 10% of the purchase price collected within 15 days of auction.
• Balance due within 30 days of auction at closing OR see SELLER FINANCING.
• 2011 property taxes to be the responsibility of buyer(s).
• Property sells on an “AS IS” basis.
• Possession with deed, subject to tenant’s rights (R & J SERVICE CENTER)
• All closing costs at the expense of the buyer.
• Buyer must make all inspections prior to the auction – call to schedule inspection.
• Bidder Information Package available – call or go online.
• Up to 2% Broker Participation available – call to qualify. Broker must register client 48 hours prior to the auction.
• Auction conducted onsite rain or shine!
• Additional 15% of the purchase price to be paid at closing within 30 days of the auction date.
• 60% of purchase price to be financed by seller
• 8% A.P.R.
• Monthly payments based on a 15 year first mortgage.
• 3 year balloon payment (pay-off) required.
• No prepayment penalty.
• Mortgage costs, title insurance, and any other closing costs at the expense of the buyer.