Property Location: 4909 South Lake Drive and Kings Hwy. 8
Texarkana, Texas 75501
Notice: Tract 2 – Billboard Sign and Pole will NOT CONVEY with Property.
PLEASE read the Terms and Conditions of this Auction before you bid… IF YOU DO NOT UNDERSTAND the terms please contact Auctioneer Nick D. Fowler at 870-356-4848
ALL PROPERTY IS SOLD “AS IS, WHERE IS” WITH ANY AND ALL FAULTS.
INVENTORY NOT INCLUDED
FORMER EQUINE BUILDING AND CATTLE BARNS (BEHIND BUILDING) TO CONVEY with the PROPERTY
Auction Date:
Live Auction: Thursday, March 16th, 2023 at 11 AM
Property Location: 4909 South Lake Drive and Kings Hwy. 8 Texarkana, Texas 75501
Property Inspection: Auctioneers will be on the property Wednesday, March 15th from 2PM to 4PM
Can be Inspected by drive in or by appointment. Contact Real Estate Broker: Adam Dukelow 903-492-5584 or Auctioneer: Nick D. Fowler 870-356-4848 to Schedule a tour.
Real Estate Description: Attention Investors! This is an extremely Rare Real Estate Opportunity!! 48+/- Acres of PRIME ~ PRIME ~ PRIME Property and the true definition of LOCATION ~ LOCATION ~ LOCATION!!! Back in the Day the property formally was the Texarkana Horse Auction one of the largest and successful equine auctions. This Large 48± Acre Prime Property offers countless opportunities waiting for your ideas!!
Easy Access and High Visibility from Both Directions, South Lake Drive & Hwy. 59 Frontage and could be ideal for Commercial Development & Multi-Family Uses. Possibilities could be endless, just to name a few that comes to mind; Commercial and Residential Developers, Automobile Dealerships, Large Truck Dealerships, RV Park, Mobile Home Park, Mobile Home Dealership, Truck and Fuel Stop, Motel, Apartments, Condos, Water Park, Ball Park, Factories and so much more. Also, Kings Hwy. Frontage (See Tract Map)
This property is located in the Mecedonia – Eylau water district.
High Speed Internet, Electric, Gas & Water are all available along South Lake Drive and Kings Hwy.
A 3″pipe fence runs along the front of the property on South Lake Drive has (3) three entrances.
Local permits for: Plumbing, Electrical and HVAC from the Bowie County Inspector. This is property is just outside the city limits pen zoning.
Do not miss this tremendous and rare opportunity to own an excellent development property by bidding your price!! Most of these properties have been cut up and sold off, this is a very rare find.
Real Estate Taxes: Approximately $14,000 per year
Closing Agent: Twin City Title, 3310 Arista Blvd, Texarkana, TX. 75503, phone 903-793-7671
County: Bowie
School District: Liberty Eylau
Property and Auction Location: 4909 South Lake Drive Texarkana, Texas 75501
Information Days & Property Inspection:
Auctioneers will be on property location Wednesday, March 15th from 1PM to 3PM
Drive by or can be inspected by appointment. Contact Real Estate Broker: Adam Dukelow 512-492-5584 or Auctioneer: Nick D. Fowler 870-356-4848 to Schedule a tour.
Tract Information:
Tract #1: Parcel #27286 Containing 1.75+/- Acres, Located at 4909 Hwy. 59 & South Lake Drive. Building was Originally Built for a Equine Auction Facility.
Tract #2: Parcel #27289 Containing 1.86+/- Acres, Located on Hwy. 59 & South Lake Drive. Building was Originally Built for a Equine Auction Facility.
Tract #3: Parcel #27288 Containing 7.51+/- Acres, Located on Hwy. 59 & South Lake Drive. Building was Originally Built for a Equine Auction Facility. Also, there are Several Covered Barns with Stalls and Holding Pens.
Tract #4: Parcel #27291 Containing 28.3+/- Acres, Located on Hwy. 59 & South Lake Drive. Heavily Wood with Several Entrances for Driveways.
Tract #5: Parcel #28819 Containing 5.25+/- Acres, Located on Kings Hwy. South. Heavily Wooded with Kings Hwy. Access for a Driveway.
Tract #6: Parcel #28817 Containing 1.96+/- Acres, Located on Kings Hwy. South. Heavily Wooded with Kings Hwy. Access also, is Partially Mowed and Ready for a Driveway.
Tract #7: Parcel #27284 Containing 1+/- Acre, Located on Kings Hwy. South
Fowler Auctioneers, Inc.
275 Hwy. 70 East
Glenwood, AR 71943
870-356-4848
Texas Auctioneer: Nick D. Fowler, TDRL #16430 * 870-356-4848
Texas Real Estate Broker: Adam Dukelow, License #665019 * 903-492-5584
Brokered by; Scout Property Group – Texarkana, Texas
Texas Auctioneer; Nick D. Fowler TLN# 16430
Notice: Tract 2 – Billboard Sign and Pole will NOT CONVEY with Property.
Terms and Conditions:
Please read all Terms and Conditions, if you are not clear about any of the Terms please feel free to contact Auctioneer Nick Fowler at 870-356-4848
Announcements made day of sale take precedence over all advertising.
Live On Location Terms: $7,500.00 down per tract day of auction in cashiers or pre-approved check. If purchased as a whole (48+/- acres) the down payment will only be $50,000 day of auction. If sold in separate tracts a new survey will be BUYERS responsibility. Title insurance will be split 50/50 between seller and buyer and warranty deed furnished at closing, closing within 30 days. 10% buyer’s premium. Property Sold “as is, where is”, Announcements made day of sale take precedence over all advertising. The Seller/Fowler Auctioneers, Inc. has the right to accept or reject any and all bids/offers. All Auctions are Audio and/or Video Recorded.
Possession of property will be at closing, No Exceptions.
Closing Agent: Twin City Title, 3310 Arista Blvd, Texarkana, TX 75503, phone 903-793-7671
Online Bidding Terms: $7,500.00 down per tract (If purchased as a whole (48+/- acres) the down payment will only be $50,000) at the conclusion of the auction or next business day in the form of a wire transfer (see down payment instructions below) , balance due at closing within 30 days, title insurance will be split 50/50 between seller and buyer and warranty deed furnished at closing, 10% buyer premium. Property Sold “as is, where is”, Announcements made day of sale take precedence over all advertising. NO EXCEPTIONS!!
Real Estate DOWN PAYMENT is non-refundable and must be paid in full day of the auction in the form of a cashier’s check for live on-site bidders and via Wire Transfer for online bidders next business day with the balance due in 30 days at closing. Purchaser will receive a warranty deed at closing. Seller will provide purchaser an “owners” title insurance policy at closing. Buyer and Seller will be responsible for their closing cost. If for any reason Buyer fails to timely execute the Sale Contract or pay the deposit, Seller has sole discretion, to: pursue all legal and equitable remedies available against Buyer, or declare Buyer’s bid to be immediately forfeited, null, and void, without any requirement of notice, charge credit card for the down payment set forth for tract or tracts and immediately re-sell the Property.
All properties are sold “as is, where is” no exceptions.
Bids from online pre-bidding will convey to Live Auction where you will also be able to bid during the Live Auction depending on Wireless Service Auction Day. Register to Pre-Bid Now and be ready to Bid Fast during the simulcast so you don’t get left out as sometimes we experience time-lapse.
Participation Requirements Online Bidders: Valid credit card required for bidding approval, name, valid address, and valid email address. NO EXCEPTIONS!! All property is sold ‘AS IS” . Buyer’s Contract: Your bids placed on the Fowler Auctioneers, Inc. website/bidding platform is a contract and you are responsible for paying all amounts due. Non-paying bidders or fraudulent bidding will be subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. The Seller/Fowler Auctioneers, Inc. has the right to accept or reject any and all bids/offers.
All properties are sold “as is, where is” no exceptions.
Registration finalizes – Each bidder agrees to terms and conditions of sale. Do not bid unless you agree to be bound by these terms. Property to be sold as is where is with faults, without express or implied warranties of any kind. Buyer is to perform all inspections prior to auction with professionals of their choosing. Fowler Auctioneers, Inc. represents the sellers only and does not inspect properties on behalf of buyers and assumes no responsibility for the correctness of any descriptions. You agree to hold Fowler Auctioneers, Inc. and its employees harmless for any delayed closing issues.
Fowler Auctioneers, Inc. is acting exclusively as an agent for Seller and not as an agent for any Bidder or Buyer. No third-party broker is acting as a sub-agent of Auctioneers. All properties are absolutely sold “as is, where is” with no contingencies. Announcements made day of sale take precedence over all advertisement. All information given orally or in writing was derived from sources believed to be correct, but is not guaranteed. All real estate dimensions are only approximations. Buyers shall rely entirely on their own information, judgment and inspection of the property and records. You acknowledge that the internet may be an unreliable and error-prone network. Fowler Auctioneers, Inc. will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Fowler Auctioneers, Inc. and its employees harmless for any interruptions in online bidding. At the sole discretion of the Company, the auction may be suspended, postponed, or cancelled if internet service is unstable or disrupts the online portion of any auction.
The Terms of Auction shall bind Bidders and their agents, assigns, attorneys,
beneficiaries, brokers, directors, distributes, employees, executors, heirs, legatees, officers, representatives, shareholders, and successors in interest. No deletion, modification, supplement, or waiver of any provision of the Terms of Auction shall be made, except by Auctioneer’s written revision or announcement at the Auction.
The following terms and conditions shall apply to all auctions held, regardless of the type, size or kind of auction. Specific terms and conditions may be modified at any time prior to the commencement of the auction by Fowler Auctioneers, Inc. Any Bidder/Buyer agrees to abide by these terms and conditions or the terms and conditions of any future Fowler Auctioneers, Inc. auctions.
EXCLUSION/DISCLAIMER OF WARRANTY: Neither Seller nor Auctioneer makes any representations or warranties as to the accuracy or completeness of any information contained online at the Auction website, in the Auction brochure or available at the Property and/or the Auction.
Broker/Agent Participation Agreement: 1% Commission of the Net Buyer’s Premium paid at closing. Client is the successful bidder who closes on the terms of the contract, including closing within 30 days of the effective contract date. Client must be registered and bid 72 hours prior to Online Auction End Date. Visit fowlerauctioneers.com and print a Broker Participation Form there. Fax to our office 870-356-4225. Receipt of faxes is not guaranteed, please follow up with a call to our office. The Client must fully complete and execute a Bidder Registration in Fowler Auctioneers Online Bidding Platform. No oral registrations will be accepted. If the Client has previously been in direct contact with a representative from Fowler Auctioneers Inc. or is part of our Client Mailing List, the Broker/Sales Associate will not qualify for a commission. No Exceptions to these terms and conditions.