AUCTIONED: March 9th, 2023
250 acres Tulsa opportunity zone development land offered in 4 parcels located 1/2-mile West of the new Costco at 46th St N & Hwy 169 within the U.S. 169 Industrial+ Distribution Corridor Opportunity Zone. Quick access to the Tulsa Int’ Airport, Tulsa Port of Catoosa and multiple rail lines as well as quick access to Hwy 169, I-44, Hwy 412 and Hwy 75.
DATE & TIME: March 9th at 1pm
AUCTION LOCATION: Off-site, at the Comfort Inn, 7551 N Owasso Expy, Owasso, OK 74055
PROPERTY ADDRESS: 10501 E 56th St N. Tulsa, OK.
DIRECTIONS: From US-169, exit 56th Street North heading West 1/2-Mile. Property lies to between 56th St N. and 46th St. N.
INSPECTIONS: By appointment. Call Ronn or Eric at (918) 550-8118
BUYER-BROKER: 3% commission for registered Brokers. Click to register.
LICENSE INFO: OK RE Lic# 159708 Ronn Cunningham | Cunningham Johnson Auctions LLC
250 acres Tulsa opportunity zone development land offered in 4 parcels of 25 to 102+/- acres ideal for commercial or industrial development, recreation or continued agri-business. And, it’s located within the U.S. 169 Industrial + Distribution Corridor Tulsa O.Z. making it ideal for those seeking potential tax incentives and long-term capital gain exemptions.
County: Tulsa
City: Tulsa
Electric: PSO
Utilities: City of Tulsa
Schools: Tulsa Public
Taxes: $710 ($2021)
Parcel 1: 24.63 +/- acres with 56th St. North frontage.
Parcel 2: 44.83 +/- acres with 56th St. North frontage.
Parcel 3: 77.85 +/- acres with 56th St. North frontage.
Parcel 4: 98.96 +/- acres fronting 46th St. N.
DISCLOSURES:
- 3% Buyers premium applies. Buyer’s premium is an additional fee (3% of the high bid amount) paid by the high-bidder.
- All parcels subject to any existing recorded easements.
- Locations of parcel signs, maps, and picture illustrations are for reference only. Refer to survey for boundaries if available and/or legal descriptions. Fence lines may not follow property boundaries per survey.
- Buyer is responsible for a $900 per parcel survey fee.
- No minerals convey.
- Portions of parcels 2, 3, and 4 are within Fema flood plain. Download FEMA map PDF.
- If buyer intends to use a Power of Attorney “POA” it must provide that the principal agrees to be bound by all the terms and conditions of the purchase document.
- The property will be transferred by a fiduciary who is not an owner occupant. Click here to review the ‘Transfer of Property Exemption Form’.
- Bidder is responsible for conducting their own due diligence with regard to any defect prior to bidding on the property at the auction.
TERMS & CONDITIONS:
- All properties are being sold ‘as is, where is’ and are not subject to financing, inspections or any other contingencies.
CJ Auctions represents the seller only. - The high bidder must make a 10% (Min $5,000) non-refundable deposit on sale day (cash, personal or cashier checks)
- Buyer will receive Special Warranty Deed and title insurance.
- Buyer will pay for (but not limited to) the closing fee & title policy. Taxes will be prorated through date of closing.
- Balance and closing costs are due 30 days from seller acceptance.
- Contact CJ Auctions for title commitment and copy of easements.
- All bidders must register with CJ Auctions prior to bidding (registration is held 1-hour prior to auction) and provide a driver’s license or government-issued identification.
- Absentee bidders must pre-register and qualify through CJ Auctions 48 hours prior to sale day.
- All persons inspecting the property, attending an open house or auction do so at their own risk and shall not hold CJ Auctions or their agents liable for damages to their person or property.
- ONLINE BIDDING: Individuals must wire 10% of opening bid amount (minimum $10,000) 48 hours prior to auction to be fully authorized to bid online. Contact CJ Auctions at 918 550 8118 for detailed wiring instructions.
- Sale is subject to seller confirmation.
LICENSE INFO: OK RE Lic# 159708 Ronn Cunningham | Cunningham Johnson Auctions LLC
SALE METHOD: Buyers’ Choice by the Acre.
How ‘Buyers Choice by the Acre’ works:
- Buyer’s choice may be offered when more than one property/parcel is being auctioned.
- Successful high bidder wins the right to choose a property/parcel or properties/parcels from a grouping of similar or like-kind properties.
- After high bidder selection, the property is deleted from the group and the bidding commences again.
- Process continues until all properties/parcels are selected.
- When selling by the acre, high bid is multiplied by the number of acres in the parcel.
All map & boundary illustrations are approximate.