Details
3950 S US Highway 1, Ft. Pierce, FL 34982
By Order of the Trustee Elliot Paul & Company has be Authorized to SELL at AUCTION 13.9+/- Acres!
TREMENDOUS DEVELOPMENT POTENTIAL
ATTENTION Developers! 13.9+/- Acres Commercial and Residential. Build your Mixed-Use Development here! 2 Commercial Acres directly on US Highway 1 and 11+/- Residential Acres running east to Gator Trace Golf & Country Club. Multi-family conceptual site plan available.
- Potential of an additional 1.5 acres
- 2+/- acres of commercial zoned property on US Highway 1
- 11+/- acres of residential zoned property – a potential of as many as 10 units per acre (110 units total)
- Utilities to the site
- Prime location adjacent to Gator Trace Golf and Country Club
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.
Location
Terms
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 $50,000.00 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 subject to sellers confirmation.
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.
