10 Acre Commercial Lot in Pike County MS - Live Auction
Starts: Thu, Sep 16 at 11:30 AM US/Central
This is a PRIME location with excellent potential for commercial, industrial and retail applications! Located just eight miles north of the LA/MS state line, this tract is situated on the NW quadrant of Exit 8 (Magnolia/Gillsburg) of Interstate 55 for easy access & visibility! The property offers excellent visibility to interstate traffic with approximately 1230 feet of interstate frontage as well as approximately 270 feet of frontage on Hwy 568. The property has 3 phase power available for commercial and industrial applications! Over 20,000 vehicles per day pass by this tract on a daily basis with approximately 3,900 of the vehicles being eighteen wheelers! New fencing along Hwy 568 and a gated entrance with two 14' gates are in place for easy access and security! Distance to major cites from Magnolia are: New Orleans, LA (85 miles), Baton Rouge, LA (65 miles), Jackson, MS (82 miles), Hattiesburg, MS (70 miles) & Natchez, MS (75 miles).
REAL ESTATE TERMS: The successful bidder will be required to make a 10% nonrefundable deposit the day of the auction. The sale IS NOT subject to the buyer’s ability to obtain financing nor any other contingency, feasibility period, or the results of inspections or appraisals. Should the buyer default and fail to close as specified, the buyer will forfeit their deposit, which will immediately be released to the Auction Co. / Broker. A 10% buyer’s premium is in effect and will be added to final bid accepted, subject to Sellers Confirmation, which will establish the final contract or sales price. Closing will be within 30 days of the auction date. If Seller fails to close or deliver clear title, the Auction Co. / Broker will not be responsible. If for any reason the sale cannot be consummated because of the seller, the down payment will be refunded. Closing costs will be paid for by the buyer. The property is offered “AS IS – WHERE IS” with no contingencies, repairs, clean up or improvements. Prospective buyers should inspect the property prior to sale day. Information provided by auction co. is believed to be accurate; however, auction co. does not guarantee accuracy of the information provided. Successful bidder will be required to sign a contract upon conclusion of the bidding. Bidder understands and agrees that William Head and Head Auctions & Realty represents the Sellers and will not be considered an agent for the Bidder.