Bankruptcy Auction – Premier Development Land- Houston, TX

Auction Date & Time:
Bidding ends September 15th
at 3:00pm ET

Property Location:
10444 Rosecroft Drive
Houston, Texas 77048

Auction Location:
www.tranzon.com

Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas. 16.89 AC’s of undeveloped land near South Acres. Residential and Commercial Development Opportunity. Bids are subject to the approval of the Bankruptcy Trustee and the U.S. Bankruptcy Court.
DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!

• 16.89 AC’s or 735,593 SF +|- of land
• Access to the property is off of Webercrest Rd.
• Approx. 530’ Road frontage on Webercrest Rd.
• Zoning: None
• Topography: Grade level
• Utilities:
o Electricity: On Site10
o Water/Sewer: City Water/Sewer
• Flood Hazard: X500
• Market Area: Property is located in the Southeast and South Acres area of Houston.
• Close proximity to 610 Loop, Sam Houston Tollway, I-45 & Hwy 288


Auction Summary of Terms of Sale: All property is sold in “As-Is and Where-Is” condition. A ten percent (10%) buyer’s premium for the real estate will be added to the high bid. The total sale price of the property shall be comprised of the high bid plus the buyer’s premium. The high bidder shall execute a purchase agreement immediately following the auction and will provide a non-refundable earnest money deposit of ten percent (10%) of the total sale price (high bid + buyer’s premium) by certified funds at the time of purchase contract acknowledgment. The balance of the purchase price will be due at closing within the specified time frame in the purchase agreement. Seller will transfer ownership of property by Trustee’s Deed or similar instrument. Other terms apply.

Cooperating Broker’s Fee: Tranzon Asset Advisors is offering 2% to properly registered brokers. See Broker Acknowledgement Form.

Property #: TAA2016

Kelly Toney
Tranzon Asset Advisors 888-791-7307 ext. 88
www.tranzon.com ktoney@tranzon.com

Tranzon Asset Advisors of Texas, LLC #9008058, Kelly D. Toney, TX Auctioneer #11818
U.S Bankruptcy Court, the Southern District of Texas, Houston Division, Case No. 19-36737

Bankruptcy Auction – 1,200+/- SF Freestanding Building

Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas. 1,200 SF Commercial Building, built in 1965, located on 9,350 SF of land & INSIDE THE OPPORTUNITY ZONE. Asphalt Drive and Parking with Rod Iron Security Fence. Bids are subject to the approval of the Bankruptcy Trustee and the U.S. Bankruptcy Court. DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!
1,200 SF Freestanding Building, Built in 1965
9,350 SF +|- of land
Location is SE Corner of Southwind St & MLK Jr Blvd, Approx. Halfway between Loop 610 & South Park
Property is located in the Opportunity Zone!
Approx. 110’ Road frontage on MLK & 85 Road Frontage on Southwind
Lot Dimensions: Approx. 110’W x 85’D
Zoning: None
Topography: Grade level
Utilities:
Electricity: On Site
Water/Sewer: City Water/Sewer
Flood Hazard: None
Building Type: Freestanding
Foundation: Concrete Slab on Grade
Exterior Walls: Masonry
Roof: Flat
Stories: 1
Floors: Concrete
Parking/Drive: Concrete, Rod Iron Security Fence
Market Area: Property is located in the South Park area of Houston. South Park is a broad post World War II development in the South-Central area of Houston, a few miles south of MacGregor Park and directly south of the 610 Loop.
Close proximity to 610 Loop, Cullen Blvd, Mykawa Rd, I-45 & Hwy 288

U.S Bankruptcy Court, the Southern District of Texas, Houston Division, Case No. 19-36737
10% Buyers Premium and other terms apply.
Tranzon Asset Advisors of Texas, LLC #9008058, Kelly D. Toney, TX Auctioneer #11818
For more information, please contact Kelly Toney at 888-791-7307 ext. 88 or ktoney@tranzon.com

Auction Date & Time:
Online Bidding Ends August 11th at 3:00pm ET

Preview Date & Time:
August 4th at 12:00pm CT

Property Address:
7202 Martin Luther King Jr. Boulevard
Houston, Texas 77033