3477 County Road 305 , Colorado City, TX 79512(Mitchell County)

REAL PROPERTY: Selling with MINERAL RIGHTS, the two Parcels of 146 acres and 172 acres comprise the Total 318 acres that Sale at Auction divided in 12 separate Tracts. The Tracts range in size from 13 to 42 acres. As a prospective Buyer you can purchase one Tract, any combination of Tracts or buy the entire 318 acres. The Parcel of 146 acres is anchored by a 1700' Home, Workshop with concrete floor and a 100' x 200' covered arena on Tract 1. Once operated as a Vineyard, restoration of the Vineyard is a possibility. The Northern Boundary of the 172 acre Parcel runs along the Railway with the possibility of a Commercial Transportation opportunity. The property is located in close proximity to I-20, just minutes outside Downtown Colorado City and less than 40 minutes to both Sweetwater and Big Spring.

LIVE AUCTION: The property will be offered for sale in a live, audible Auction, conducted by a licensed Auctioneer on SATURDAY MORNING, APRIL 17TH at 11:00AM CDT. The Auction will be conducted on-site, at 3477 CR 305 in Colorado City, Texas. On-site registration will begin at 9:00am on the day of the Auction. The property will sell "AS IS". It is the sole responsibility of potential Buyers to inspect and research the property prior to the auction.

REAL ESTATE TERMS: A 10% Buyer's Premium will be added to the high bid attained at Auction to constitute the Total Contract Price. The Non-Refundable 10% Buyer's Premium will be paid the day of the Auction when the Contract is executed by Cash, Cashier's Check or a Personal/Business Check will be accepted if accompanied by a "Bank Letter of Guarantee". The Balance will be due at Closing, on or before, Friday, June 4, 2021 at 5:00pm CST. Buyer is responsible to attain his or her own financing prior to closing.

PERSONAL PROPERTY: Personal Property will sell in a LIVE AUCTION that will begin at 12:00 Noon. Personal Property will sell "AS IS" and can be viewed beginning at 9am the day of the Auction, not before that date...NO EXCEPTIONS. The Personal Property WILL NOT be pre-priced or offered for sale prior to the day of the Auction. Online Bidding WILL NOT be available for the Personal Property

PERSONAL PROPERTY TERMS: All purchases must be PAID IN FULL on the day of the Auction. Cash, Cashier's Check or Money Order accepted. Personal or Business Checks are ONLY accepted when accompanied by a "Bank Letter of Guarantee", NO exceptions. NO CREDIT OR DEBIT CARDS!!! 10% Buyer's Premium will apply.

ONLINE BIDDING: If you are unable to attend the Live Auction for the REAL ESTATE held at the 3477 CR 305...you can participate in real-time online bidding that will be available through PROXIBID beginning at 10:30am CDT on the day of the auction. Pre-registration with PROXIBID is required. Pre-registration with PROXIBID is required. ONLINE BIDDING WILL BE AVAILABLE FOR THE REAL ESTATE ONLY

AGENT INCENTIVE: Real Estate Agents are eligible to receive a 2% commission if they Co-Register with their Buyer the Day of the Auction. The Real Estate Agent of the successful Buyer will receive a 2% commission of the Auction Strike Price paid at Closing. Real Estate Agents participating as a Principal to the transaction or are an Immediate Family Member of the Buyer are ineligible for the Agent Incentive.

OPENING BIDS: Tract 1 will have an Opening Bid of $100,000. Tracts 2 thru 12 will have Opening Bids of $1000/acre

REAL ESTATE PREVIEW: This property my be viewed by appointment only. Call to schedule an appointment.

Contact Tony Langdon at 214.876.5950 for additional information

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