For Sale ONLY at ABSOLUTE AUCTION 3.5+/- Acres on Okeechobee Road

For Sale ONLY at ABSOLUTE AUCTION 3.5+/- Acres on Okeechobee Road

3.5+/- Commercial Acres on Okeechobee Road (SR 70) just 1/2 mile east of I-95!  Selling to the HIGHEST BIDDER...REGARDLESS of PRICE!!

SOLD!

4646 Okeechobee Road just 1/2 mile east of I-95!

BID ~ BUY this 3.5+/- acre commercial parcel with excellent access & visibility on Okeechobee Road (SR 70)!

  • Zoned: C3 ~ General Commercial
  • 281+/- Ft. of Frontage on Okeechobee Road (SR 70)
  • Prime Retail Site
  • Heavily Traveled with 28,500 AADT

Permitted Uses Include (but not limited to): Retail, Professional/Medical Offices, Automotive Sales/Repair/Rental, Food and Restaurant, Convenience Store, Plus Many More!

Situated in busy and expanding commercial corridor surrounded by residential developments and just 1/2 mile east of I-95!

Selling to the HIGHEST BIDDER...REGARDLESS of PRICE!!

Address is for location purposes only as actual street address is TBD.

Registration onsite begins at 11am with the bidding starting at Noon!  Please come prepared to participate in the auction!  Read the Terms and Conditions under the "Terms" tab for details about requirements to bid onsite.

In these extraordinary times, Elliot Paul & Company is reviewing the fast-moving situation within our community to support the national effort to tackle COVID-19.

This company policy includes the measures we are actively taking to mitigate the spread of coronavirus. You are kindly requested to follow all these rules diligently, to sustain a healthy and safe auction environment. It’s important that we all respond responsibly and transparently to these health precautions.

To that end Elliot Paul & Company will have the following guidelines in place for all of our auctions:

  • CDC social distancing guidelines will be followed.
  • Face masks will be encouraged for all attendees.  If you do not have a face mask, we will provide one for you.
  • If you do not want to attend an in-person auction, please contact our office for online bidding or bid by phone instructions.

Onsite Bidder Terms and Conditions

(If you want to bid online, please scroll down to the Online Registration and Bidding)

1. BIDDER REGISTRATION:  The auction is open to the public and your attendance is welcomed. To register for the auction, you must display a cashier’s check (made payable to Elliot Paul & Company Auctions) in the amount of $25,000.00 in order to bid.  Upon being declared the top bidder, the cashier’s check will be applied as a partial deposit and the deposit must be increased to ten percent (10%) of the total contract price of the property due immediately upon signing the contract in the form of a personal check. Please come prepared to participate in the auction.

 

2. PROPERTY INSPECTIONS:  All bidders are encouraged to personally inspect the real estate being offered. The property will be sold in “AS-IS” condition. The buyer will be responsible for all closing costs including, but not limited to documentary stamps, title insurance and all other closing costs. Real Estate taxes 2021 shall be the responsibility of the buyer. No representation is made with respect to suitability for any intended purpose or use. Please inspect the property and records prior to making any bids.

 

3. CONTRACT DEPOSIT, PAYMENT: Bids may not be retracted once accepted by the auctioneer. All deposits shall be paid on the day of sale. The successful bidder agrees to sign the purchase contract immediately following the auction. The purchase contract is available for inspection and review. The terms are not negotiable upon being declared the winning bidder.

 

4. FORM OF AUCTION: Please be advised that the auctioneer shall offer the property to the highest bidder regardless of price.

 

5. BROKER PARTICIPATION INVITED: Any licensed real estate broker is eligible to earn commission equal to twenty percent (20%) of the net commission provided their clients have been preregistered with the office of the auctioneer.

 

                  a) The prospect must be registered in writing with Elliot Paul & Co. and counter signed by the broker/salesperson. The

                         registration must be received 24 hours prior to the auction by email.

                  b) The broker/salesperson MUST attend the auction with their prospect and register at the auction site.

                  c) Broker/salesperson acting as principals are excluded from receiving commission.

                  d) Broker/salesperson must be procuring cause.

                  e) Commission will be paid at the successful closing.

 

6. CONDUCT OF AUCTION: The method and order of sale shall be at the sole discretion of the auctioneer. The auctioneer may change or modify the Terms and Conditions of this auction by announcement at the podium. Any such announcement shall take precedence over printed material or oral statements made. Bids will be accepted ONLY from bidders who have duly registered in accordance with the Terms and Conditions of sale. Bidders arriving at the auction site without the required deposit will not be permitted to participate in the auction. The auctioneer’s decision relative to bidding increments, order of sale and any disputes between bidders will be final. The auctioneer shall have the right to cancel or withdraw the property at its sole discretion.

 

7. BUYERS PREMIUM: A ten percent (10%) buyer’s premium will be added to the high bid made and taken and included in the contract price.

 

8. CLOSING: The purchase contract provides for payment of the balance of the total purchase price to be made no later than thirty (30) days from the auction date. TIME IS OF THE ESSENCE.

 

9. REAL ESTATE AGENCY DISCLOSURE: As required by Florida Statute 475, which regulates the sale of real estate in Florida, Elliot Paul & Company Auctions represents the seller in this transaction.

 

10. MISCELLANEOUS: Please be advised that this auction will be audio recorded to provide a permanent record of this auction event.

 

11. AUCTION BROCHURE:  All information contained in the auction brochure, online advertising, bidder information or supplied either in writing or verbally by staff members was derived from sources believed to be reliable, but not guaranteed. Buyers shall rely on their own information, judgment and inspection of the property and records.

 

12. PREVIEWS: Bidders are encouraged to inspect the property.  Signs are on the property.

 

13. BIDDER INFORMATION: Due diligence and additional information is available to bidders upon request. Please contact the auction company.

 

Online Registration and Bidding:

1.  BIDDER REGISTRATION:  The auction is open to the public and your attendance is welcomed. To register for the auction, you must wire funds into Elliot Paul & Company's Escrow Account 24 hours in advance of the auction in the amount of $25,000.00 in order to bid.  Upon being declared the top bidder, the wired funds will be applied as a partial deposit and the deposit must be increased to ten percent (10%) of the total contract price of the property due immediately in the form of a wire transfer into the same Escrow Account.  Should you not be the high bidder your wired funds will be wired back to you within 24 hours after the end of the auction.

2. PROPERTY INSPECTIONS:  All bidders are encouraged to personally inspect the real estate being offered. The property will be sold in “AS-IS” condition. The buyer will be responsible for all closing costs including, but not limited to documentary stamps, title insurance and all other closing costs. Real Estate taxes 2021 shall be the responsibility of the buyer. No representation is made with respect to suitability for any intended purpose or use. Please inspect the property and records prior to making any bids. 

3. CONTRACT DEPOSIT, PAYMENT: Bids may not be retracted once accepted by the auctioneer. All deposits shall be paid on the day of sale. Online bidders are required to pre sign the Real Estate Purchase Agreement and email signed agreement back to our office 24 hours in advance of the auction.  The purchase contract is available for inspection and review. The terms are not negotiable upon being declared the winning bidder.  

4. FORM OF AUCTION: Please be advised that the auctioneer shall offer the property to the highest bidder regardless of price.

5. CONDUCT OF AUCTION: The method and order of sale shall be at the sole discretion of the auctioneer. The auctioneer may change or modify the Terms and Conditions of this auction by announcement at the podium. Any such announcement shall take precedence over printed material or oral statements made. Bids will be accepted ONLY from bidders who have duly registered in accordance with the Terms and Conditions of sale. Bidders arriving at the auction site without the required deposit will not be permitted to participate in the auction. The auctioneer’s decision relative to bidding increments, order of sale and any disputes between bidders will be final. The auctioneer shall have the right to cancel or withdraw the property at its sole discretion.

There is online bidding leading up to the onsite live auction.  The bidding onsite will open at the highest online bid reached.  Online bidding will continue in conjunction with the live onsite bidding culminating with the highest bid.  That highest bid can come from an onsite or online bidder.  All online bidders have met strict criterion for online bidding.

6. BUYERS PREMIUM: A ten percent (10%) buyer’s premium will be added to the high bid made and taken and included in the contract price.

7. CLOSING: The purchase contract provides for payment of the balance of the total purchase price to be made no later than thirty (30) days from the auction date. TIME IS OF THE ESSENCE.

8. REAL ESTATE AGENCY DISCLOSURE: As required by Florida Statute 475, which regulates the sale of real estate in Florida, Elliot Paul & Company Auctions represents the seller in this transaction.

9. MISCELLANEOUS: Please be advised that this auction will be audio recorded to provide a permanent record of this auction event.

10. AUCTION BROCHURE:  All information contained in the auction brochure, online advertising, bidder information or supplied either in writing or verbally by staff members was derived from sources believed to be reliable, but not guaranteed. Buyers shall rely on their own information, judgment and inspection of the property and records.

11. PREVIEWS: Bidders are encouraged to inspect the property.  Signs are on the property.

12. BIDDER INFORMATION: Due diligence and additional information is available to bidders upon request. Please contact the auction company.