300 Fairview St , Ponca City, OK 74601(Osage County)

This 3 unit commercial office building known as the Palmer Building is comprised of approx... 4,064 sq ft (according to the County Assessor) of office area that is currently occupied by two tenants in the medical field. The structure has brick veneer, Tar & Gravel rolled roof, basement area, central heat/ air conditioning (one new unit in 2011), remodeled in 2009, large parking lot and is just on the west side of the Ponca City Hospital. Each unit carries several offices, restroom, and reception/waiting area. This property offers excellent rental possibilities, as well as, great location!!

Lease: This property has 2 current tenants with an annual income of $12,600.00.

PROPERTY # 6 11:30 PM (Sells Absolute)

Auction Location:211 N. 3rd, Ponca City, OK.

Taxes: $267.23

This 2 story commercial building is located just off of the downtown area and offers a variety of income producing opportunities such as: possible office area, indoor storage area, business location, etc. The building is comprised of approx. 30 x 140 on the bottom level and 30 x 66 on the top level. The building has brick veneer, Tar/Gravel roof, parking on the north and overhead door access at the rear that is currently occupied. The building is currently occupied by two tenants and could be a great investment opportunity.

Lease: each tenant pays $200.00 per monthly and would like to continue to rent.

PROPERTY # 7 1:30 AM

Auction Location:901 E., Grand Ponca City, OK. (Sells subject to sellers confirmation)

Taxes: $1,678.06

This 2 story apartment complex is comprised of approx. 11,960 sq. ft. (according to the County Assessor). There are 12 apartments (4-1 bed and 8- 2 bed) with 2 currently rented. Each unit is individually heated and cooled and metered. The building has brick veneer, tiled roof, basement storage area, and is located on a corner lot with small court yard. This property offers lots of potential for good income and is very well located just east of the downtown area! Seller is in the process of improving several of the apartments.

Lease: (Apt.F $595.00 and Apt H $625.00).

PROPERTY # 8 3:00 PM (Sells subject to Sellers Confirmation)

Auction Location:3517 Lake Road, Ponca City, OK.

Taxes: $905.52 & $247.46

This property consists of approx. 2- 0.34 acre tracts. One is improved with a nice commercial office building with approx.2,440 sq. ft. (40x 61) with CH&A, Tar & Gravel roof and brick veneer. The building currently has one large open interior area with portable partitions, and bathroom. The adjoining lot is vacant providing a nice building site or nice buffer area. The property has good front parking and excellent Lake Road frontage.

Note: These two properties will be offered separately and then back together to determine the highest possible price.

Lease:This property is currently leased to Kay Lake Association with $200.00 monthly rent for a small portion of the building.

Property Management: James and Helen Smith with Coldwell Banker, Heritage Realtors has been recently hire to conduct property management services for all of the properties offered in this auction. They are in the process of doing some property renovation/cleanup to some of the properties and would certainly enjoy the opportunity to continue for the new owner. All leases are currently on a month to month basis. You may contact Helen Smith at 580-716-1664 for any management questions!

Internet Bidding: will be available by logging on to Lippard Auctions at least 48 hours prior to auction day. Neither Auction Company nor the Seller is responsible in the event of loss of signal by either side.

Auctioneers Note:This is an excellent opportunity to purchase some great Commercial, Residential, and/or Agricultural properties. All properties except Property # 7 and 8 sell with No Reserve to the highest bidder! Dont miss this opportunity!!

Terms: 10% of the total purchase price will be placed in escrow the day of the auction with the balance being due upon delivery of marketable title. All information is taken from sources believe reliable; however, no guarantee is being made by the Auction Company or the Seller. Buyers should satisfy themselves as to any inspections prior to bidding. Any announcements made the day of the auction supersede all advertising.

SELLER: STEVE BRADLEY