Click here to view details of auction id 633813 :Auction Starts: 5/5/2014 11:15:00 AMAuction Closes: 5/15/2014 6:00:00 PM29 Phelps Ave, Littlefield, TX 79339Downtown retail building- 6,250 SF - Nice location on corner lot in Littlefield, TexasRoad frontage: 50 Ft - Depth : 125 FtOpen and flexible retail space.Warranty Deed - Clear title no back taxes or liensIdeal as an investment or owner occupier with endless possibilities. Excellent Income potential.Property needs some painting and minor work. (Previously Family Dollar, sign is still on building).Great Location on the corner of Phelps Avenue and E 3rd Street with front door street parking.On a busy street with several main as well as smaller retailers, next to South Plains College Littlefield Extension Center, Lamb County senior Citizens Center, banks and offices.Recent sale comps:3030 Scenic Boulevard, Littlefield, AZ 86432 - $42,925 Sq Ft were sold for $13/ Sq Ft (Sale date: 12/20/2011)Rentals comps:1601 South Phelps Avenue, Littlefield, TX 79339 - $10 / Sq Ft/ Year (Street Retail)2401 S Hall Street, Littlefield, TX 79339 - $14/ Sq Ft/ Year (Medical Office)Yearly income potential based on $6 to $10/ Sq Ft / Year: $37,500 to $62,500/ year Low yearly real estate tax: $747.44Sold AS IS, WHERE IS with clear title and no back taxes.Buyer will be responsible for a $550 deed prep and doc fee and a 8% premium.Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.10% non-refundable deposit and $550 deed preparation fee is to be paid within 48 hours of auction close.Your will get a clear title with title insurance and no liens or back taxes. Title insurance and title work will be paid for by the Buyer. Warranty Deed.Final Payment to be made within 3 weeks of the auction close. Bidders to do their due diligence. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
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