AUCTION TERMS & CONDITIONS
PROCEDURE: This Dalhart, Texas Commercial / Retail Property will be offered in five (5) individual tracts. There will be open bidding on these tracts until the close of this auction. These properties will be sold in the manner resulting in the highest total sale price.
BUYER PREMIUM: A 5% Buyer Premium is in effect for all purchases. The Buyer Premium will be added to the “Auction Board Price” to determine the “Total Sales Price” or “Total Contract Price”.
ACCEPTANCE OF BID PRICES: All successful bidders will sign a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Seller’s approval.
EARNEST MONEY: Ten percent (10%) earnest money on the day of the auction, upon signing a purchase agreement immediately following the close of bidding. The earnest money may be paid in the form of personal check, business check, or cashier’s check. The remainder of the purchase price is payable in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
REAL ESTATE TAXES AND ASSESSMENTS: The Property Taxes will be prorated to the date of closing. Seller shall have paid all Property Taxes for prior years before closing. The Buyer(s) will be responsible for any “rollback” in the property taxes. The Buyer(s) will be responsible for all additional taxes imposed after the date of execution of the Special Warranty Deed by seller as a result of any change in use of any part of the subject property, the intent being that all such additional taxes shall be the responsibility of the Buyer(s) and the Buyer’s heirs, personal representatives and assigns.
BROKER PARTICIPATION: Contact the Auction office at 800-299-5263 to obtain the broker participation guidelines.
CLOSING: Will take place on or before January 22, 2021, or as soon as applicable closing documents and surveys (if needed) are completed.
POSSESSION: Possession will be given at closing.
TITLE: Seller shall provide an Owner’s Policy of Title Insurance on the surface tracts in the amount of the purchase price. Buyer(s) will be responsible for all expenses related to acquiring a mortgagee’s title policy, if required. Seller shall execute a Special Warranty Deed conveying the real estate to the Buyer(s).
PROPERTY CONDITION: Property to be sold AS IS—WHERE IS and no warranty or representation, either express or implied, will be given to any bidder or Buyer. Buyer(s) shall release Seller of any and all liability.
EASEMENTS AND LEASES: Sale of the property is subject to any and all easements of record and any and all leases. Seller shall terminate any tenant leases prior to the auction.
SURVEY: Seller shall not pay for the cost of a survey.
MINERAL RIGHTS: No minerals will convey. It is believed the Seller does not own any of the mineral rights.
AGENCY: Clift Land Auctions, LP and Clift Land Brokers and its representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller, the broker, the auction company or any of their respective representatives. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The seller, broker and auction company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.
NOTE: Videotaping, flash photography and/or public announcements will be allowed on auction day ONLY with prior approval from Clift Land Auctions, LP.
Dalhart, Texas 79022
Great Commercial/Retail Location on US 87
This is a Multi-Parcel (Five Tract) Auction that will be held on Tuesday, December 8th at 2:00 CST on-site at 1300 N. US Hwy 87 in Dalhart, Texas. You can purchase one tract, a combination of tracts, or the entire property.
You can bid online if you are unable to attend this auction!
Eric Turpen (806) 679-6206.
Open House ON-SITE: Friday, November 20th and Friday, December 4th: 10am-12pm
Tract #1—1300 N. US Hwy 87
This tract has ~46,200 sq. ft. and includes a ~8,000 sq. ft. steel building. The building was built in 2011 and has a large open area plus a kitchen, large restrooms, storage area, and numerous offices. The large asphalt-paved parking area gives this tract great potential for any commercial / retail business. This location was previously the Dalhart Consumer Fuel Association.
This tract offers an attractive, functional, turnkey location ready for your “Open for Business” sign.
Legal Description: Lots 1-11, Block 33, Blair Subdivision, City of Dalhart, Texas.
Latitude: 36.068481, Longitude: -102.525735
Tract #2—600 N. Lincoln Street
This tract is a ~21,000 sq. ft. lot with a 6’ perimeter chain link fence.
Legal Description: Lots 1-5, Block 31, Blair Subdivision, City of Dalhart, Texas.
Latitude: 36.068616, Longitude: -102.525022
Tract #3—702 N. Elm Street
This tract is a ~29,400 sq. ft. lot with a 6’ perimeter chain link fence around the work yard. There are concrete parking lots in front and back of the main shop building. Improvements include an insulated Steel Shop Building with ~8,000 sq. ft. and an insulated ~1,600 sq. ft. Steel Storage Shop. These buildings were built in 2011.
The Main Shop Building previously functioned as a tire sales and service center. The office in this building has approximately 1,120 sq. ft.
Legal Description: Lots 14-20, Block 16, Blair Subdivision, City of Dalhart, Texas.
Latitude: 36.068211, Longitude: -102.524533
Tract #4—720 N. Elm Street
This tract is a ~29,400 sq. ft. lot. There is an ~9,389 sq. ft. Steel Warehouse with two overhead doors and one barn door. The Warehouse exterior metal walls and roof were installed in 2011. The parking lot in front is paved and there is a 6’ chain link fence around the work yard.
Legal Description: Lots 1-7, Block 16, Blair Subdivision, City of Dalhart, Texas.
Latitude: 36.067894, Longitude: -102.524150
Tract #5—Vacant Lot
This tract is a vacant lot with US Hwy 87 frontage.
Legal Description: Lots 5, Block 32, Blair Subdivision,
City of Dalhart, Texas.
Latitude: 36.067841, Longitude: -102.525030