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Michelino's Italian Restaurant
Watch this Listing
Listing ID:  116689 
Status: Deleted
3615 Rutherglen Street ~ El Paso, TX Commercial / Industrial | Commercial / Industrial
*** Sealed Bid ***
Time Remaining
DaysHoursMinutesSeconds
- - - -
 
Bidding Opens: Feb 19, 2015 5:45 PM
Bidding Ends: Mar 05, 2015 8:00 PM  (Central)
Estimated Value: $250,000
Contact: Catwood Commercial
See Terms Below for Bidding Instructions
 
Contact Info Address Info Property Info Pictures Description Bidding History Questions Terms
Files


Contact Information
Contact Type: Auctioneer
Contact Name: Catwood Commercial
Agency Name: Catwood Real Estate Auctions
Contact Phone: (915) 920-4977
Showings: Call for Appointment


Address Information
Street Address: 3615 Rutherglen Street
City: El Paso
County:
State/Province: TX
Postal/ZIP Code: 79925
Country: United States
Map:
Click for Expanded Google Map / Directions 

Property Information
Property Type: Commercial / Industrial
Category: Commercial / Industrial
Square Footage: 4,000 (Approximate)
Lot Size: 0.32 acres
Year Built: 1972
Taxes:
MLS/FMLS ID:

Picture Gallery

Description

A long established restaurant name and location, can provide 4 years of gross profit to interested parties. All kitchen and dinning equipment will transfer with sale. Name of business can also be transferred if desired. Please call to make any viewing arrangements or for any other needed information.  In between Carnegie and Montana street.

 

OFFER ACCEPTED BEFORE CLOSE OF AUCTION ~ QUALIFIED BUYERS ONLY!

 

CALL AUCTIONEER FOR MORE INFORMATION: CATHY WOODUL (915) 920-4977

CALL BROKER FOR APPOINTMENT: JOHN PAUL GRAY (915) 474-2495


Files
File NameDescriptionFile Size
ATT001_Letter of Intent to Purchase.pdf Letter of Intent to Purchase 88 KB

Bidding History

Questions
 
----- No Questions -----

Terms
  1. To bid on our property, you must be of legal age to enter into contract to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.
  2. While auction is "active", all bids MUST be placed online.  Written offers will not be accepted, unless placed through auctionneer.  Call auctioneer at (915) 920-4977 for instructions.
  3. Winning bid is subject to seller approval.
  4. Buyers Agent commission of 2.0% is being offered.
  5. All bids are placed in US Dollars.
  6. If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
  7. The bidding will be open and everyone will have access to the bid history during the auction.
  8. As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.
  9. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
  10. The high bidder will be notified via email after the auction ends.
  11. Seller reserves the right to postpone or cancel this auction at any time for any reason.
  12. Sale is “as-is”, "where-is". Seller will not fix anything.
  13. Within 1 day of auction close, winning bidder will be asked to obtain final loan pre-approval or show proof of funds and sign a sales contract at the winning bid amount and based on the terms described here.
  14. Closing will take place at seller's and winning bidder's agreed upon title company within 30 days of signing the contract. For shorter closing time, call autioneer at (915) 920-4977
  15. When contract is signed, winning bidder will pay $1000 earnest money + buyer's premium to be held at title company handling the closing.
  16. Winning bidder may, at their option and expense order a title examination and insurance.
  17. Seller will include the following personal property in the sale: None
  18. Seller will exclude the following real property from the sale: None
  19. It is  the repsponsibility of bidders to do their own "due diligence" before the close of auction.  This includes, but is not limited to, surveys, appraisals and inspections.  These are to be at bidder's expense, as property is sold "AS-IS'.
Buyer Premium: 1.5%
This fee is added to the winning bid amount and is paid by the Buyer. High Bid + Buyer Premium = Selling Price.

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