Online Auction: Commercial Building, 4129 Expressway 83, McAllen, TX

McAllen TX Main1

U.S. Treasury Real Estate

Online Bidding Only

Mar. 24, 2022

10:00 – 12:00 pm CT (11am-1pm ET)

 

 

 

 

 

 

Property Location

4129 Expressway 83, McAllen, Texas 78501
Map

Commercial Building in McAllen, TX

6,480 ± sq. ft. commercial building on a 1.09 ± acre lot with parking. One of the two units is currently leased by a restaurant with rental income.

How to Register
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.

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. Note: Your registration will remain pending until your deposit arrives in our office.

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 March 23, 2022 at 5PM ET OR email the Bid Form and wire deposit to arrive no later than 5pm ET on March 22.  Request wiring instructions at realproperty@cwsams.com

Property Description

COMMERCIAL BUILDING  Two unit commercial property for auction. Currently used as Zen Asian Bistro, unit 2 has 2,448 ± sq. ft. with 2 restrooms. Unit 1 has 4,032 ± sq. ft. with 2 restrooms and was used as a Souper Salad restaurant. There is also a 18,100 ± sq. ft. parking and much more! Note: The furnishings and equipment in the leased unit do not convey.   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: 6,480 ± sq. ft.
Site Area: 47,516 ± sq. ft.
Year Built: 2015
2021 County Taxes: $39,490.95 ±
Lease: View lease

Utilities: Electricity, Gas, Water, Sewer
Zoning: C-3/General Business
Starting Bid: $380,000
County: Hidalgo
Parcel No: 895217
Sale #: 22-66-812

Inspection

Monday, March 14 and 21 by appointment only.
Attendees are responsible to provide and wear their own Personal Protection Equipment (PPE).  PPE will not be provided.

Photo Gallery

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.

Thursday, March 24, 2022
10:00 – 12:00 pm CT (11am-1pm 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.

Mail Bid Deposit Form with deposit check to arrive no later than March 23 OR email the Bid Form and wire deposit to arrive no later than 5pm ET on March 22. Request wiring instructions at realproperty@cwsams.com

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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