Colson Auctions - Live and Online Auctions

ONLINE AUCTION 11,100 SQ. FT. WAREHOUSE ON 0.8 ACRE 1740 SOUTH PRESCOTT AVE., MEMPHIS, TN 38111 BIDDING OPEN NOW CLOSES: TUESDAY, JULY 28TH @ 5:30 PM CST DIRECTIONS: From Downtown Memphis, take I-240 East to US-78 West/Lamar Avenue. Take Exit 21 from I-240 East. Follow US-78 West/Lamar Avenue and Prescott Road to 1740 S Prescott Ave, Memphis, TN 38111. REAL ESTATE: • Approximately 11,100 SF industrial warehouse • Situated on a 0.8-acre level lot • Zoned CMU-1 – Commercial Mixed Use-1 • Highly visible location near the I-40 West / I-240 South interchange • Approximately 225 feet of frontage along I-240 North side at the Lamar Avenue exit • Approximately 274 feet along the I-240 North exchange • Property also faces I-40 West • Billboard on-site may be utilized by the building occupant • Approximately one mile from Beale Street and Downtown Memphis attractions • Strong access for transportation, shipping, distribution, and commercial use This centrally located Memphis property offers a rare combination of high-speed regional access, urban convenience, and interstate visibility. TERMS: CASH - ALL PROPERTIES AUCTIONED ARE SOLD "AS-IS, WHERE-IS, WITH NO CONTIGENCIES, AND ALL FAULTS AND LIMITATIONS" and without warranty of any kind or nature. Conduct your own due diligence and make ALL financial arrangements PRIOR to sale day. Any and all pictures and documents presented should be used for informational purposes only. Bill Colson Auction & Realty will email the successful high bidder their contract and they will be required to sign the Real Estate Contract, Terms & Conditions, and all other needed documents with NO changes, modifications, additions, or deletions. A 15% Non-Refundable Earnest Money is due day of the auction by wire transfer. A 10% buyers’ premium will be added to the high bid to determine the final sales price. The balance is due at closing. Deed and Insured Title Furnished by Seller. By bidding you are entering into a binding agreement and All Terms of Sale are non-negotiable and irrevocable. Go to hibid to register and be approved to bid. Morris Realty and Auction Jeff Morris Auctioneer #5811 Office: 901-565-7770 Bill Colson Auction and Realty Co. Inc. Bobby Colson Auctioneer #20 Office: 615-292-6619