Bankruptcy Auction – Premier Development Land- Houston, TX

Auction Date & Time:
Bidding ends September 15th
at 3:00pm ET

Property Location:
10444 Rosecroft Drive
Houston, Texas 77048

Auction Location:
www.tranzon.com

Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas. 16.89 AC’s of undeveloped land near South Acres. Residential and Commercial Development Opportunity. 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!!!

• 16.89 AC’s or 735,593 SF +|- of land
• Access to the property is off of Webercrest Rd.
• Approx. 530’ Road frontage on Webercrest Rd.
• Zoning: None
• Topography: Grade level
• Utilities:
o Electricity: On Site10
o Water/Sewer: City Water/Sewer
• Flood Hazard: X500
• Market Area: Property is located in the Southeast and South Acres area of Houston.
• Close proximity to 610 Loop, Sam Houston Tollway, I-45 & Hwy 288


Auction Summary of Terms of Sale: All property is sold in “As-Is and Where-Is” condition. A ten percent (10%) buyer’s premium for the real estate will be added to the high bid. The total sale price of the property shall be comprised of the high bid plus the buyer’s premium. The high bidder shall execute a purchase agreement immediately following the auction and will provide a non-refundable earnest money deposit of ten percent (10%) of the total sale price (high bid + buyer’s premium) by certified funds at the time of purchase contract acknowledgment. The balance of the purchase price will be due at closing within the specified time frame in the purchase agreement. Seller will transfer ownership of property by Trustee’s Deed or similar instrument. Other terms apply.

Cooperating Broker’s Fee: Tranzon Asset Advisors is offering 2% to properly registered brokers. See Broker Acknowledgement Form.

Property #: TAA2016

Kelly Toney
Tranzon Asset Advisors 888-791-7307 ext. 88
www.tranzon.com ktoney@tranzon.com

Tranzon Asset Advisors of Texas, LLC #9008058, Kelly D. Toney, TX Auctioneer #11818
U.S Bankruptcy Court, the Southern District of Texas, Houston Division, Case No. 19-36737

Online Real Estate Auction

NASA Parkway Freestanding Restaurant & Bar
Rare Freestanding Restaurant/Bar Opportunity adjacent to NASA Space Center.

The site was the former Victor’s Deli American Diner & Bar. Great location with high traffic counts located adjacent to McDonalds. Property has 2 kitchens, 2 bar areas and an abundance of interior space.

• Approx. 5,672 SF +|- Building Area on 36,503 SF +|- of Land (0.8384 AC)
• Freestanding Restaurant & Bar Including All Equipment
• Seating Capacity of 175+ inside building area
• 2 Distinct Kitchens
• Dual Grease Traps and Vent Hoods
• Large Double-Sided Pylon Sign in Front
• 164’ +|- Road Frontage on NASA Pkwy w/ (2) Curb Cuts
• 2019 Total Population (3 Miles): 68,957
• 2019 Average HH Income (3 Miles) $89,265
• 2019 Daytime Population (3 Miles): $80,548
• Traffic Count on NASA Pkwy: 40,624 VPN
• Traffic Count on Point Lookout Dr: 2,497 VPD
• Utilities: City of Houston
• Zoning: None
• Topography: Grade level
• Flood Hazard: 500 Year Flood Plain
• Parking Ratio: 10 Spaces/1,000 SF
• Cross Access w/ McDonalds

Area Traffic Generators include NASA, Space Center Houston, Methodist Health Systems, McDonalds, Starbucks, Kroger, Walgreens, Walmart, Budget Inn.


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
Sale in cooperation with ABC Realty Advisors, Broker Donnie Chang

Auction Date & Time:
Bidding Ends February 26th at 3:00pm ET

Preview Date & Time:
February 19th at 1:00pm

Property Address:
1425 NASA Parkway, #1
Houston, Texas 77058