Bankruptcy Auction – Premier Development Land- Houston, TX
Auction Date & Time:
Bidding ends September 15th
at 3:00pm ET
10444 Rosecroft Drive
Houston, Texas 77048
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
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
Tranzon Asset Advisors 888-791-7307 ext. 88
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
Online Auction – University Area Residential Dev. Lot
Online Real Estate Auction
University District Development Lot
Development Opportunity! 8,450 +/- SF Lot Blocks from the University of Baylor.
The site is zoned R-2 for Two-Family and Attached Single-Family Residential and lies within the Zone 1 College & University Neighborhood District. The zoning and district allow for SHORT TERM RENTAL (aka AirBnB or VRBO) as well as a BOARDING HOUSE (aka Student Room Rentals). Conveniently located within blocks of I-35 and Baylor University. Although the Lot is zoned R-2, a developer can apply for a variance with the City of Waco for additional development opportunities. Note that R3B, R3C, R3D & R3E Multiple Family District zoning allows for Boarding House with maximum of 8 bedrooms so a variance may be requested with the City of Waco.
Approx. 8,450 +/- SF of land
1/2 Mile from Baylor University
.15 Miles from I-35 Feeder
Approx. 2 Miles from Magnolia Market Silos
Dimensions: 50’ x 169’
Zoning: R-2 – Permitted Uses
Single-Family Attached (zero lot line) Dwellings
Two-Family Dwellings, Duplexes
Bed & Breakfast Homestay Establishment
Short Term Rental Type I – Owner Occupied
Short Term Rental Type II – Non-Owner Occupied, Single-Family or Duplex
Boarding House Provided that the boarding house contains a maximum of 6 bedrooms & not more than 1 boarding house structure is located on the lot.
City Water & Sewer
Flood Hazard: None
50’ +/- along Speight Ave
50’ +/- along Alley
Waco, TX, located halfway between Dallas and Austin, is home to Baylor University, Texas Ranger Hall of Fame & Museum and Texas Sports Hall of Fame. Due to the popularity of HGTV’s Fixer Upper show featuring Chip & Joanna Gaines, their Magnolia Market Silo’s project now attracts over 2,000,000 visitors a year.
Tranzon Asset Advisors Texas LLC TX Broker #9008058, Kelly D. Toney, TX Auctioneer #11818
10% Buyers Premium and other terms apply
Property #: TAA1936
Online Bidding ends January 23rd at 2:00pm CT
Preview Date & Time:
Drive by anytime
1418 Speight Avenue
Waco, Texas 76706
Contact Kelly Toney at 888-791-7307 ext. 88 or email@example.com