Online Auction: Commercial Building 2711 S. 23rd St, McAllen, TX

McAllenTX

U.S. Treasury Real Estate

Online Bidding Only

Dec. 11, 2020

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

Property Location

2711 S. 23rd Street, 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 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 December 10, 2020 at 5PM ET. Bank Wire: Request wiring instructions. Funds due by 5pm ET Dec. 4.

Property Description

COMMERCIAL BUILDING  Retail center for auction. This property has 5 tenants, 6,000 ± sq. ft. of unfinished shell space, 22,500 ± sq. ft. of parking, good visibility from 23rd Street, and much more! Note: Property will be sold with leases in place (leases can be viewed online). Please see income statement for current rental payment status. Potential monthly rent from the tenants with leases is $6,750. 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: 14,653 ± sq. ft.
Site Area: 0.98 ± acre
County: Hidalgo
Parcel No: 457812

Utilities: Electricity, Gas, Water, Sewer
Zoning: C-3/General Business
2020 Taxes: $29,026.41 ±
Year Built: 2009
Sale #: 21-66-833

Inspection

November 30 and December 7 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.

Download
Auction Flyer

Auction Flyer

Click here to download the flyer for this property.

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.

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

$100,000 Cashier’s check made payable to CWS Marketing Group, Inc
Download the Bid Deposit Form and mail with your deposit to qualify to bid.

Starting bid will be $325,000.

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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