Auction Information
Historic Cedar Depot, a North Texas Landmark on 3 acres
AUCTION...CEDAR DEPOT - A FAMOUS LOCAL TIOGA LANDMARK
3.157 acres with 3 Buildings including the Historic Santa Fe Depot
Saturday, October 14th at 10:00am - 1965 Hwy 377 in Tioga TX
Tony Langdon Auction Properties 214.876.5950
.
REAL PROPERTY: The Santa Fe Depot was a watering stop built in Sanger for the Gulf, Colorado and Santa Fe Railway in 1886. The historic building was moved to Tioga in 1999 to become known as the Cedar Depot. During that same time the old Whitesboro Schoolhouse was relocated alongside the depot and has actually been utilized as a residence on the property. The 3rd building was built in the early 2000's. All 3 buildings are situated on 3.157 acres with over 670' of road frontage on Hwy 377. Seller is planning to retire. New identity for the property could include restaurants, retail shops, offices, bed & breakfast or even an event center.
.
LIVE AUCTION: The 3.157...
LIVE AUCTION: The 3.157ac property will be offered For Sale in a Live, Audible Auction, conducted by a Licensed Auctioneer on SATURDAY, OCTOBER 14 AT 10AM CDT. The Auction will be conducted on site at the property with Registration beginning at 8:00am 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 properties 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" or other "Proof of Funds". The Balance will be due at Closing, on or before, Tuesday, November 21, 2023 at 5:00pm Central Time. Buyer is responsible to attain his or her own Financing prior to Closing.
.
ONLINE BIDDING: If you are unable to attend the Live Auction on-site... you can participate in Real-Time Online Bidding that will be available through PROXIBID beginning at 9:30am on the day of the Auction. Pre-registration with PROXIBID is required. 11% Buyer's Premium will apply if bidding online with Proxibid.
.
AGENT INCENTIVE: Real Estate Agents are eligible to receive a 2% Commission. Bring your Buyer and Co-Register the day of the Auction. The Real Estate Agent of the successful Buyer will receive a 2% Commission of the Auction Strike Price to be paid the day of 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 BID: $250,000
.
REAL ESTATE PREVIEW: This property may be viewed by appointment only. Call to schedule an appointment. Contact Tony Langdon at 214.876.5950 for additional information
.
For updated information on Upcoming Auctions you can also follow Tony Langdon on Twitter, Instagram & Linkedin
From elevation to risk assessment
Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel Information