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Title 5162 Hwy 90 Pace Florida
Date & Time 03/17/2015 9:00 p.m. CT
Location Location: 5162 Hwy. 90, Pace, Florida
Highlights PRIME COMMERCIAL VACANT CORNER PROPERTY

PACE, FLORIDA

MINIMUM OPENING BID ONLY $500,000!

ONLINE BIDDING ONLY

Auction Begins to Close 9 p.m. CST March 17

Pace, Florida is located in the Panhandle of Florida in Santa Rosa County, and is one of Florida’s fast growing communities. In recent years, dynamic commercial growth has come to Pace along the Hwy. 90 corridor where this property is located. Pace enjoys excellent schools, abdundant natural resources and recreational opportunities. Two large new home developments have just been announced in Pace and the area growth is forecast to continue.

2.38 Acres, High and Dry Corner Property in Pace, Florida
260 Front Feet on Hwy. 90 by 400′ on Evelyn
Santa Rosa County, Florida. Zoned HCD – Highway Commercial Development District
Located Across from Lowe’s and in Close Proximity to Many Commercial Sites Including: Walmart, Target, Home Depot, Whataburger, Chick Fil A, Ryan’s Steakhouse, Office Depot, Dozens of Restaurants, Banks, Medical Facilities, Automotive, Professional Offices and Retail Establishments
Phase I Environmental Complete
Existing Sealed Survey Available to Review under Documents
Previously Appraised at $1,375,000
Motivated Seller!

At Auction, YOU Set the Price!

Important Investment Opportunity!

Seller Reserves the Right to Sell Before Auction.IIf you Want to Buy this Property Before the Auction Closes, Contact Gina Boyleston, Auctioneer-Broker at 850-393-1154.


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Categories VIEW ITEMS AND BID (1)
Notes Online Bidding Only. Contact Gina Boyleston if you need assistance to register. A deposit will be required in order to bid. Please see our Terms and Conditions under the Documents tab for complete details.
Terms Online Bidding Terms are Published and Viewable upon Registration by the Bidder online. Please read the full Terms and Conditions under the Documents tab prior to bidding.

10% Down Auction day by wire transfer or local funds on or before 5:00 p.m. CT the day following the auction. Upon registering to bid online, Buyers will be required to contact the auction company to make a $5,000 deposit to be held by the auction company until the close of the auction or the buyer withdraws from bidding. The $5,000 deposit will be returned unsuccessful bidders within 3-5 business days after the close of the auction. The winning bidder will make an additional deposit up to 10% of the sales price upon execution of the auction purchase agreement. The $5,000 deposit will be credited toward the down payment. The remaining balance will be due and payable at closing within 30 days for a cash sale, or within 45 days for a financed sale. The sale is not contingent upon the Buyer’s ability to obtain financing. If you are seeking financing, make your financial arrangements prior to bidding. The earnest money deposit is non-refundable once the high bidder is declared.

The property will be conveyed by the legal description of record. Seller will provide at closing the existing sealed survey. Survey is available for review under the Documents Tab.

Seller Financing: The Seller will finance the balance over $500,000 on the following terms. 8% interest, 10 year amortization, 3-year balloon note, no prepayment penalty.

Buyers are to rely solely on their own judgment as to the condition or usability of the property for the intended use.

A 10% buyer’s premium will be added to the bid price to establish the contract sales price.

Conditions: The property is being sold in its present, as is condition, with no warranties expressed or implied as to any particular usability. Buyer acknowledges that Buyer has personally inspected the property and agrees to accep the property in its present as is condition.

Directions Local Directions: From the intersection of Avalon Blvd. and Hwy. 90, go west on Highway 90 for 2.1 miles to the property on the north side of Hwy. 90 across from Lowe’s. Watch for the auction signs.

Directions From Interstate 10: From I-10, take Exit 22 (SR 281 – Avalon Blvd.). Go north on Avalon Blvd. for 4.7 miles to Hwy. 90. From there, follow the above directions.

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