NEW AUCTION DATE: THURSDAY, DECEMBER 21, 2023 at 10:00 am
IN PERSON/ONLINE HIGHLY VISIBLE HIGHWAY FRONTAGE DEVELOPMENT POTENTIAL FARMLAND AUCTION
PLATTSMOUTH, NE: Auction will be held at the First State Bank Nebraska Plattsmouth Branch Meeting Room (446 Main Street)-Use West Entrance of Bank.
LOCATION, LOCATION, LOCATION! This Highly Visible Property lies along Hwy. 75 just North of the Gregg Young Chevrolet Dealership and features 29 acres of land, currently in farmland, with all kinds of Development Potential! The City of Plattsmouth is developing very quickly along the Hwy. 75 corridor and this Property sits on top of the edge of the hill leading down to the Platte River, so the view is excellent and visibility along busy Hwy. 75 couldn’t be any better! Take advantage of this wonderful Opportunity! This Property TRULY deserves your Interest and Inspection!
LEGAL DESCRIPTION: Fractional Lots 99, 100 & 103 (Lying Easterly of the existing US Hwy. 75 Right-of-way), located in the Southwest Quarter of the Northwest Quarter (SW ¼ NW ¼) and the Northwest Quarter of the Southwest Quarter (NW ¼ SW ¼) in Section 12, Township 12, Range 13 East of the 6th P.M., Cass County, Nebraska, containing 29.65 acres, more or less.
2022 REAL ESTATE TAXES: $ 2,234.96
SURVEY: This property was surveyed on October 14, 2011 and completed by Jordan Surveying Company of Plattsmouth.
TERMS OF THE AUCTION: An Earnest Deposit of $ 100,000.00 will be required on Auction Day. The balance will be due on or before January 19, 2024. Title Insurance and Escrow Closing Fees will be divided equally between Buyer and Seller. Marketable Title Provided. 1031 Tax Exchanges Welcome. Agents Represent Sellers. Full Possession on Day of Closing.
AUCTIONEER’S NOTE: Make your plans now to attend this very Interesting Auction Opportunity! Commercial Contractors initially purchased this land years ago to provide fill dirt for one of the projects that they bid on and did not get. Commercial Contractors, due to the death of the owner, has closed its’ business and is offering this tract of Land at Public Auction! For additional information, private tour of the property, please contact the Auction Company at 402-727-8800. Coffee and Refreshments will be served.
COMMERCIAL CONTRACTORS EQUIPMENT, INC. - SELLERS
TERMS OF THE AUCTION: An Earnest Deposit of $ 100,000.00 will be required on Auction Day. The balance will be due on or before December 8, 2023. Title Insurance and Escrow Closing Fees will be divided equally between Buyer and Seller. Marketable Title Provided. 1031 Tax Exchanges Welcome. Agents Represent Sellers. Full Possession on Day of Closing.
ONLINE BIDDING PARTICIPATION REQUIREMENTS: Valid Credit Card required for bidding approval. Authorize.net will ping your card for $500, this ping will come off within 72 hours. A credit card is required to bid but is not an accepted form of payment. The auction company reserves the right to ask for additional information to allow bidding on real estate.
1% Buyers Fee Auction for Online Bidders ONLY-Successful high bid plus the buyer’s fee equals the total price offered. Winning bidder is contractually bound and will enter into a Contract to Purchase immediately upon being declared the successful bidder by the auctioneer. Upon the close of the auction, the winning bidder will be forwarded a Contract to Purchase via dotloop, all signors will need their own email address to facilitate signatures via dotloop. Signatures via dotloop or in person are required on auction day. All individuals and spouses purchasing the property are REQUIRED to sign the Purchase Agreement, no matter how many individuals are purchasing the property.
$100,000.00 as earnest money will be due upon acceptance of the Sales Contract by wire transfer or cashier's check.
This Auction transaction is NOT contingent upon financing, sale of another property, 1031 tax exchange, inspections or for any other reason – THIS IS A CASH TRANSACTION. 1031 Tax Exchange Buyers are all welcome, but the sale is not contingent upon the Buyers’ ability to perform an exchange, nor the successful completion of an exchange for any reason.
All Prospective Buyers are required to make all financing arrangements prior to bidding on the Property. The successful bidder is required to pay $100,000.00 as earnest money with a cashier's check or by wire transfer. Upon accepted offer all earnest money becomes nonrefundable.
Neither the Auction Company nor the Seller is responsible in the event of loss of signal by either side.
