Auctions: 12:00 PM 10/17/2023 Nominal Opening Bid: Sealed Bids Due October 17th. The Oil Palace is an East Texas establishment with an impressive pedigree that includes famous musicians and bands, world-famous boxers and all kinds of performances and conferences, and even a circus. It is also where thousands of people have attended local high school graduation ceremonies. Opened in October of 1983, the famed music hall hosted A-list talent from all genres, including Garth Brooks, Run DMC, ZZ Top, Little Big Town, Lynyrd Skynyrd, Boyz II Men and country music legend George Jones. The Palace has also hosted events as diverse as monster truck rallies, professional wrestling and Sesame Street Live. Covering 71,560 sf, the venue can seat 7,000 or accommodate 9,000. The seating was designed to fold into the walls to accommodate a variety of uses. The auction includes the venue, green room houses behind the venue to host performers, a substantial parking lot, and all the equipment on site used for the shows. The property is on 22.2+/- acres with ample parking. Much of the building underwent a $2 million renovation in 2018-2019 that included a new roof and seating to offer different layout configurations. The show floor has a clear span space of 60,000 sf and height of 38 feet. There are fixed bars, full commercial kitchen to support the concessions stands. There are fixed trusses for lighting and a movable stage. The second floor has perimeter storage areas and two VIP areas of seating. Also on the second floor are offices, dressing rooms and a full kitchen. Outside there is a billboard that will convey, and a huge oil derrick where guests like to pose for photos. While there is space to expand or add entertainment features on a 22.2+/- land parcel directly behind The Oil Palace that will sell in a separate live auction with simultaneous online bidding on October 19th. The Oil Palace will sell via a Sealed Bid Auction with a deadline of Oct. 10th. For questions, due diligence documents or to request a bidder package, please call 800.801.8003 Note: A Buyer's Premium (Buyer's Fee in WI) will apply for this property. Please see Terms of Sale for details. Broker Licenses: TX Williams & Williams Worldwide Real Estate, LLC; David Montalvo, Lic. No. 595597.; Keith W. Babb - TX - Auctioneer 6701