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Lot Detail

4233 South 3rd Street, Memphis, TN (ID #1208136)
Current bid:
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Time left: 5 days 04:22:05
Auction starts: 9/23/2014 10:00:00 AM
Auction ends: 9/23/2014 2:00:00 PM
Starting bid: 50000
Reserve: Not Met
Bid increment: USD 1000.00
Bid Deposit: 25000
Overtime Period: 5 mins
Seller: U.S. Treasury
 
 
Bidding has not yet started on this item
Description

ICE logoU.S. Department of the Treasury in conjunction with ICE - Seized Commercial Land

Address: 4233 South 3rd Street, Memphis, TN 38109

Open House Date: Thursday, September 18, 1:00-4:00 pm

Property Information:

Utilities: Electricity, Gas, Water, Sewer available

2012 County Taxes: $5,152.65 ±

Parcel Number: 07511600013C

Total Site Area: 17.42 ± acres

Zoning: CMU-3 District

County: Shelby

SPECIAL CONDITION: Buyer agrees to be bound by the covenants restricting the use of the property from operating as a flea market or any form of open-air vending establishment.

Description:  Formerly a drive-in theatre in the southwest portion of Whitehaven along US Hwy 61. The property is fenced and includes 2 outdoor movie screens, concessions building, storage, and asphalt paving all in poor condition. Public water, sewer, electricity, and gas are available to the site. Access to the site is provided from W. Raines Road.

Flyer: Download Flyer for more information.

Auction Details: View auction details for bidding requirements, more photos and Restrictive Covenants.

Register to Bid: Go to Register and create an account.

Bid Deposit: A $25,000 bid deposit is required to bid. U.S. funds only. Deposits must be in the form of a cashier’s check and made payable to CWS Marketing Group, Inc. The completed Bid Deposit Form and deposit should be mailed to: CWS, 10611 Balls Ford Road Suite 140, Manassas VA, 20109, attn: E. Connolly. The deposit is due no later than 5:00 p.m. EST on September 22, 2014.

10% Deposit: The high bidder will have 3 business days to make the deposit 10% less the original $25,000.

Closing: Closing will be held within 30 calendar days of the date the Government signs the sales contract.

Auction Overtime: Overtime bidding occurs automatically when a bid is placed within the last 5 minutes of an auction.

Terms & Conditions: It is the Buyer's responsibility to understand and comply with the complete Terms and Conditions of the sale.

Questions: Call 703-273-7373 or email realproperty@urs.com

Technical Assistance: Contact us at service@cwsmarketing.com with any technical questions about the online bidding process. CWS accepts no responsibility for loss of connectivity, technical difficulties, or any other circumstances beyond our control.

The property is being sold in "As-Is" condition with all faults. The Seller has disclosed all known defects and makes no warranties or guarantees either expressed or implied.

ALL SALES ARE SUBJECT TO THE FINAL ACCEPTANCE OF THE GOVERNMENT.

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Payment

cashier's check

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