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 Real Estate Auction

High Visibility/Traffic, 23,000 SF Building at FM2920 & Spring Cypress

Class A Corner Location – Commercial Building (including 5,500 SF Residence Loft) & Two Rental Homes with Income

The Seller is Retiring and highly motivated to sell!

• Approx. 23,000 SF +|- 2-Story Building Area on 26,565 SF +|- of Land (0.6098 AC) & 1,450 SF +|- SFR on 20,968 SF +|- of Land (0.4814 AC)
• Combined Land Area is 47,533 +|- SF (1.0912 AC)
• Located on a Corner Lot at the intersection of Spring Cypress Rd & Holzwarth Rd

1941 Spring Cypress Rd, Spring, TX 77388
• 2-Story Tiltwall Construction Building, 116’L x 100’W x 32’H, Built in 2003
• (2) Outdoor LED Marquis Signs Ð90"W x 40"H & 121"W x 60"H)
• First Floor Ceiling Height is 16’ and Second Floor Ceiling Height is 14’ to the North sloping to 12’ to the South
• (2) 15’H x 12’W Overhead Doors
• Second Floor has 3” Concrete Floor
• Second Floor Includes a 5,500 SF Residence w/ 4 Bedrooms and 4 Bathrooms. Fantastic Open Layout
• (3) Custom Teak Entry Doors (12’H x 8’W) w/ Exterior Smash Guard Pillar
• (48) 7’H x 4’W Energy Efficient Windows
• (39) Dual LED Lighting Units
• (13) Exterior Security Lights
• Closed Circuit Camera w/ Alarm System
• Undine Texas, LLC is the Water Provider
• Arobic Septic System w/ 289 GPD Capacity, 750 Gl Pump Tank, White Water DF60 500 Gl Tank
• 3/4” Water Line, 2” Gas Line
• 21 Underground Incoming Telephone Lines
• Underground Feed Electrical Service, 3-Phase, 60 Hrz 277/480 Max Load, 85 KVA, 200 Amp Service, Load Center 75 KVA Transformer w/ 42 CKT, HV Panel, Low Voltage 42 CKT
• Fiber is Available to the Building
• (2) Restrooms Downstairs
• (4) Roof Mounted AAON HVAC Units w/ 2-Stage Heating & Cooling, 3-Phase 460V
• Conventional Jack Cargo Elevator Infrastructure Only for 25HP 460V Unit w/ 5,000 Lb Capacity, Travel 18.0’ Speed 80FPM, 2 Landings, 2 Openings, Platform Size is 6’ x 9’ x 4.25’. Entrance Size is 3’ x 7’ w/ Machine Room of 6.5’ x 5.25’. A Clear Hoistway 7’ 4” x 10’ 2” w/ a 24” Casing at Depth of 26’ from Slab is in Place w/ 30” x 30” Blockout
• Approx. 178’ +|- Road Frontage on Spring Cypress Rd
• Approx. 315’ +|- Road Frontage on Holzwarth & Sleepy Hollow
• Wrought Iron Fence w/ (2) Curb Cuts & Gates Along Spring Cypress
• Zoning: None
• Topography: Grade Level
• Area Traffic Generators include HEB, McDonalds, Whataburger, Walgreens, Aldi, New Spring Pines Kroger Marketplace Anchored Development (Directly across the Street), Antique Galler of Houston
• ExxonMobil Campus is approx. 3.5 Miles Away.
• I-45 is Approx. 1 Mile East
• Spring Cypress Rd Traffic Count is 20,390
• FM 2920 Traffic Count is 39,000
• NOTE: The Property is Located in the Spring West Municipal Utility District and has the opportunity to be annexed into the MUD pending a Feasibility Study by the Mud. Utilities are in place at the corner of Spring Cypress and Holzwarth which is directly across the street. The utilities were brought in as part of the Spring Pines Shopping Center Project.


20823 Sleepy Hollow Ln, Spring, TX 77388
• 982 SF Brick SFR & 468 Wood SF SFR, Built in 1964
• Both Units are Leased for $900/Mo & $600/Mo Respectively
• Asphalt Drive
• Land area could add additional (72) Parking Spaces for the Main Building


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 May 19th at 3:00pm ET

Preview Date & Time:
May 12th by Appointment Only

Property Address:
1941 Spring Cypress Road
Houston, Texas 77058