Bankruptcy Auction – 1,200+/- SF Freestanding Building

Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas. 1,200 SF Commercial Building, built in 1965, located on 9,350 SF of land & INSIDE THE OPPORTUNITY ZONE. Asphalt Drive and Parking with Rod Iron Security Fence. Bids are subject to the approval of the Bankruptcy Trustee and the U.S. Bankruptcy Court. DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!
1,200 SF Freestanding Building, Built in 1965
9,350 SF +|- of land
Location is SE Corner of Southwind St & MLK Jr Blvd, Approx. Halfway between Loop 610 & South Park
Property is located in the Opportunity Zone!
Approx. 110’ Road frontage on MLK & 85 Road Frontage on Southwind
Lot Dimensions: Approx. 110’W x 85’D
Zoning: None
Topography: Grade level
Utilities:
Electricity: On Site
Water/Sewer: City Water/Sewer
Flood Hazard: None
Building Type: Freestanding
Foundation: Concrete Slab on Grade
Exterior Walls: Masonry
Roof: Flat
Stories: 1
Floors: Concrete
Parking/Drive: Concrete, Rod Iron Security Fence
Market Area: Property is located in the South Park area of Houston. South Park is a broad post World War II development in the South-Central area of Houston, a few miles south of MacGregor Park and directly south of the 610 Loop.
Close proximity to 610 Loop, Cullen Blvd, Mykawa Rd, I-45 & Hwy 288

U.S Bankruptcy Court, the Southern District of Texas, Houston Division, Case No. 19-36737
10% Buyers Premium and other terms apply.
Tranzon Asset Advisors of Texas, LLC #9008058, Kelly D. Toney, TX Auctioneer #11818
For more information, please contact Kelly Toney at 888-791-7307 ext. 88 or ktoney@tranzon.com

Auction Date & Time:
Online Bidding Ends August 11th at 3:00pm ET

Preview Date & Time:
August 4th at 12:00pm CT

Property Address:
7202 Martin Luther King Jr. Boulevard
Houston, Texas 77033

Online Auction – University Area Residential Dev. Lot

Online Real Estate Auction
University District Development Lot
Development Opportunity! 8,450 +/- SF Lot Blocks from the University of Baylor.
The site is zoned R-2 for Two-Family and Attached Single-Family Residential and lies within the Zone 1 College & University Neighborhood District. The zoning and district allow for SHORT TERM RENTAL (aka AirBnB or VRBO) as well as a BOARDING HOUSE (aka Student Room Rentals). Conveniently located within blocks of I-35 and Baylor University. Although the Lot is zoned R-2, a developer can apply for a variance with the City of Waco for additional development opportunities. Note that R3B, R3C, R3D & R3E Multiple Family District zoning allows for Boarding House with maximum of 8 bedrooms so a variance may be requested with the City of Waco.
Approx. 8,450 +/- SF of land
1/2 Mile from Baylor University
.15 Miles from I-35 Feeder
Approx. 2 Miles from Magnolia Market Silos
Dimensions: 50’ x 169’
Zoning: R-2 – Permitted Uses
Single-Family Dwelling
Single-Family Attached (zero lot line) Dwellings
Two-Family Dwellings, Duplexes
Bed & Breakfast Homestay Establishment
Short Term Rental Type I – Owner Occupied
Short Term Rental Type II – Non-Owner Occupied, Single-Family or Duplex
Boarding House Provided that the boarding house contains a maximum of 6 bedrooms & not more than 1 boarding house structure is located on the lot.
Utilities:
City Water & Sewer
Flood Hazard: None
50’ +/- along Speight Ave
50’ +/- along Alley
Waco, TX, located halfway between Dallas and Austin, is home to Baylor University, Texas Ranger Hall of Fame & Museum and Texas Sports Hall of Fame. Due to the popularity of HGTV’s Fixer Upper show featuring Chip & Joanna Gaines, their Magnolia Market Silo’s project now attracts over 2,000,000 visitors a year.


Tranzon Asset Advisors Texas LLC TX Broker #9008058, Kelly D. Toney, TX Auctioneer #11818
10% Buyers Premium and other terms apply


Property #: TAA1936

Online Bidding ends January 23rd at 2:00pm CT

Preview Date & Time:
Drive by anytime

Property Location:
1418 Speight Avenue
Waco, Texas 76706

Contact Kelly Toney at 888-791-7307 ext. 88 or ktoney@tranzon.com