Online Auction: Commercial Building 4117 W. US 83 Expressway, McAllen, TX

Mainphoto

U.S. Treasury Real Estate

Online Bidding Only

Nov. 18, 2020

Auction starts/ends:
10:00 am – 1:00 pm CT (11-2 ET)

Property Location

4117 W. US 83 Expressway, McAllen, Texas 78503
Map

Commercial Building in McAllen, TX
6,646 ± sq. ft. commercial building on a 1.3 ± acre lot. The building is currently leased as a restaurant with rental income and will be sold with tenant in place.

How to Register
step1
Create an Account

New bidders ONLY

Go to Login and sign up for an account with your contact and credit card details. We validate your credit card with a temporary charge of US $1.

Step2
Register for Auction

(allow 24 hours for approval)

Go to Upcoming Auctions and click on register to bid for each specific auction you wish to bid.

step3
Submit Deposit

Bid Deposit: $100,000

Complete the Bid Deposit Form with bid deposit of $100,000 in the form of a cashier’s check payable to CWS Marketing Group. Deposit is due by November 17, 2020 at 5PM ET. Bank Wire: Request wiring instructions. Funds due by 5pm ET Nov 13.

Property Description

COMMERCIAL BUILDING Commercial property for auction. This property has a bar area, kitchen area, 2 patron restrooms, 1 employee restroom, 8 x 20 walk-in cooler, an 8 x 24 dual compartment walk-in freezer, a CaptiveAire exhaust system, 580 ± sq. ft. patio, 25,200 ± sq. ft. parking lot, and much more! Note: The current tenant is in default due to non-payment and has the right of first refusal. The tenant has 20 business days to exercise the right. The closing date will be modified for this accommodation. Financial
information is available online  Inspection by appointment only. Visitors must follow COVID-19 guidelines. Visit website for online scheduling appointments and full list of COVID-19 requirements and precautions. Per the stated Terms of Sale, this property is sold AS IS WHERE IS WITH ALL FAULTS including any building violations for the property as a whole that may apply (including but not limited to fines and penalties).

Improved Area: 6,646 ± sq. ft.
Site Area: 1.3 ± acre
Parcel No: 895218
County: Hidalgo

Utilities: Electric, Gas, Water, Sewer
Zoning: C-3/General Business
Year Built: 2013
2018 Taxes: $35,630.76 ±
Sale #: 21-66-126

Inspection

November 9 and 16 by appointment only.
Attendees are responsible to provide and wear their own Personal Protection Equipment (PPE).  PPE will not be provided.

 

Map

This map was derived from Google Maps. CWS doesn’t accept any responsibility for accuracy.

Questions about the sale/property: Email us at realproperty@cwsams.com or call 703 273-7373.

Technical assistance: Contact us at service@cwsmarketing.com with any technical questions about the online bidding process.

It’s the Buyer’s responsibility to understand & comply with the complete Terms & Conditions of the sale.

November 18, 2020
10:00 am – 1:00 pm CT (11-2 ET)

$100,000 bid deposit.
Cashier’s Check: Complete the Bid Deposit Form with bid deposit of $100,000 in the form of a cashier’s check payable to CWS Marketing Group. Deposit is due by 5pm ET Nov. 17.

Bank Wire: Request wiring instructions. Funds due by 5pm ET Nov. 13.

Starting bid will be $380,000.

Closing will be held within 45 calendar days of the date the Government signs the sales contract.

CWSAMS has made every reasonable effort to facilitate online bidding. However, it is possible that technical problems and transmission issues may arise and affect the CWSAMS website, bidding system and/or computer or server or your computer, personal device or software which is beyond the control of CWSAMS. By bidding online Bidder acknowledges that CWSAMS is not responsible for technical problems or transmission issues associated with a bid and that, in the event technical problems interfere with or prevent a bid, it may be necessary to withdraw items from bidding due to technical errors or uncontrollable circumstances.   Further, in the event of the occurrence of a technical problem during any bid in any auction, CWSAMS in its sole discretion reserves the right to declare an item sold, postpone or cancel the auction, extend the bidding time for this auction and/or re-list the property for auction at another date and time. The decision of CWSAMS on this matter shall be final. Bidder acknowledges that, by bidding in any auction held by CWSAMS, Bidder accepts the terms and conditions of this Disclaimer.

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