This is an Online Auction

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20,000 Sq Ft, 1.35 Acre Highway Exposure Commercial Real Estate

On Behalf Of Secured Creditor
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Date: Friday, September 28th - 12:00 PM

Inspection: Friday, September 28th - 12:00 PM

Location: 1701 Main Street, Torrington, WY 82240
Click here to see a map of the location

Description: Please contact Blair Newman or Irene Reese, Newman Realty, 307-532-7131 to obtain further information or to schedule an inspection.

PLEASE CONTACT BLAIR NEWMAN OR IRENE REESE, NEWMAN REALTY

307-532-7131 or email land@newmanrealty.com to obtain further information or schedule a showing on this rare auction opportunity.

20,000 TOTAL SQ FT, 1.35 ACRE LOT COMMERCIAL REAL ESTATE

Highway exposure commercial property, former Valley Plumbing & Heating facility.  The property is located at the Junction of Wyoming State Highway 26 and State Highway 85.  HIghway 26 and Highwy 85 merge at this junction and is the busiest highway in the state.  This is a great location with a great deal of parking.

THE PROPERTY COULD BE UTILIZED FOR A LARGE SPECTRUM OF USES. VERY RARE AUCTION OPPORTUNITY FOR THIS TYPE OF PROPERTY.  

Approximate 20,000 square feet surrounded by chain link fence consisting of:

7,363 retail and 12,826 dry storage

Legal Description: 10-24-61 S/2SESW TRS

Estimated Tax, Goshen County: $ 1,962.39

Account Number: R0013435

Parcel Number: 24611030044000

TERMS & CONDITIONS FOR THIS PARTICULAR AUCTION

BID SUBJECT TO MINIMUM ACCEPTABLE BID ESTABLISHED BY SECURED CREDITOR.

Thank you for your interest in this real estate opportunity.  Please Note:  While descriptions are believed to be accurate, it is the potential purchaser’s responsibility for assuring that the information provided is correct prior to bidding at the auction.

INSPECTION PERIODS-

Prospective purchasers are highly encouraged to complete a full inspection of the real estate being offered at public online auction prior to sale.  The property is available for inspection by calling Mr. Blair Newman, 800-658-4431, 307-532-7131 or email land@newmanrealty.com for an appointment.  Title Commitment, HOA (for the residential real estate) and Real Estate Contract is also available by calling or emailing the above.

REGISTRATION PROCESS-

Any parties wishing to participate with the online real estate auction will need to register for the event by following the bidding link on www.hibid.com.  A nonrefundable good faith deposit of ten percent (10%) of the successful bid will be due no later than 5:00PM MT on Monday, October 1st, 2018 by cash, certified funds or wire transfer.   

CONDITION OF REAL ESTATE-

The property is being offered “as-is” and “where-is” without warranties expressed or implied, no contingencies on purchase.  Neither the Secured Creditor, Newman Realty or Dickensheet & Associates, Inc. (assisting with online marketing only) make any guarantee or warranty, expressed or implied, as to the quality, kind, character, size, description, environmental condition or fitness of the property available at public auction and will not be held responsible for any advertising discrepancies or inaccuracies.  The utilities will need to be transferred to the successful purchaser’s name on the date of closing.

Prospective bidders are encouraged to seek from independent sources of bidders choosing expert advice and/or inspections, including legal advance, to purchaser’s complete satisfaction concerning any property and the terms of sale prior to the auction. Please call Mr. Newman and the members of Newman Realty at 800-658-4431 or 307-532-7131 with any questions.

In the event that the potential buyer has any questions or materials needs regarding exact lot lines, tract boundaries or any easements, as well as the dimensions of land and/or building, the prospective purchaser may choose to have a staked survey by a licensed surveyor prior to bidding at the auction, at their cost.

OTHER FEES & EXPENSES:

Please note that a buyer’s premium of five percent (5%) will be added to the purchase price at auction.  The successful bidder will be responsible for half of the closing cost fees and expenses.  Closing will be completed through First American Title.  Seller to pay for title insurance.

CLOSING TIME PERIOD-

The buyer of the real estate will have a time period of no later than thirty (30) days from the conclusion of the auction to fully close on the property with the balance paid either by wire transfer, cash or certified funds.  The residential real estate will be transferred by Special Warranty Deed and the commercial real estate is scheduled to be transferred by Special Warranty Deed, Quit Claim Deed.  Property taxes will be prorated as of the date of closing.  In the event that the successful purchaser is not able to close within the allotted time period, the deposit will be forfeited and retailed by the Secured Creditor as part of the proceeds of the sale.

If the successful purchaser is unable to fulfill their obligation during the thirty (3) day time and approved by the Secured Creditor, the backup bidder will have the opportunity to purchase the property at the backup bid (if the minimum has been met) with the same terms and conditions of sale.

FINANCING-

Please have any and all financing arrangements finalized prior to bidding at the public auction as there are no contingencies relating to the purchase.  Please contact Newman Realty at 800-658-4431 or 307-532-7131 if assistance speaking with a potential lender may be beneficial.

OTHER TERMS & CONDITIONS-

The sale shall be subject to all laws, ordinances and governmental regulations (including building and zoning ordinances) affecting the real property and easements, restrictions appearing of record, if any.  The sale of the real estate for the former Valley Plumbing facility includes any inventory, equipment etc. that has not been removed during the removal process.

The sale of the real estate is subject to a minimum acceptable bid, approval by the Secured Creditor.  Newman Realty is a licensed real estate broker in the State of Wyoming and is the listing brokerage for these properties.  Dickensheet & Associates, Inc. is assisting only in the online marketing of the auction for the real estate properties.

ENJOY THE AUCTION!

BIDDING LINK

ENJOY THE AUCTION


Dickensheet & Associates, Inc.
1501 West Wesley Avenue
Denver, CO 80223
Telephone: (303) 934-8322
Toll Free: (877) 284-0338
Fax: (303) 934-8252
E-mail: customerservice@dickensheet.com