LENDER OWNED AUCTION MONROE MOTOR SPEEDWAY Monroe, LA

Details

10:00 AM
8850 Frontage Road
Monroe, LA 71202

Inspections

Monday, August 22 • noon to 5:00 pm
Monday, September 12 • noon to 5:00 pm
Monday, October 10 • noon to 5:00 pm
Tuesday, October 11 • 8:00 am to 10:00 am
Other times by Appointment.

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Location

Details

Former Monroe Motor Speedway
“Crown Jewel of Louisiana Short Tracks”
3/8 Mile Oval Track & Grandstands on 55± Acres of Land
I-20 Frontage with NEW Frontage Road Ingress & Egress
Former NASCAR Home Track part of the Whelen All-American Series
Late Models, Modifieds, SportMods, Legends, Bombers, Compacts & Bandoleros
State of the Art Facility
Figure 8 Configuration
12 Degree Turns
6 Degree Straights
60’ Track Width
1,660’ Inside Perimeter
2,002’ Outside Perimeter
Only Paved Track in Louisiana

4,000 Seat Aluminum Grandstand by GT Grandstands
6,300’ Perimeter Coated Catch Fence with 9 Rows Braided Steel
4,926 Sq. Ft. Concession/Suite Building
2,116 Sq. Ft. Ticket Office/ Restroom Building
288 Sq. Ft. Moveable Ticket Check Building
Daktronics Scoreboard with All Sport 5000 Control Console
9-Pole Musco Lighting System
Furman PA System with FM Radio Station/Transmitter, 10 Front Speakers
ADA Accessible

55± Acre Site with Room for Expansion
Excellent Opportunity for New Owner!

Plan NOW to Attend this Historic Racing Event and Buy a Part of Southern History!

10% Buyer Premium. Persons must show $100,000 Certified Deposit at time of registration to obtain a bidding number. $100,000 Minimum Certified Deposit due on day of Sale, with a deposit equal to 20% due within 2 business days, and balance due at closing within 30 days. Deposits are non-refundable.
 

Real Estate selling Subject to Owner Confirmation. Attorney Robert Mathison, Newman, Mathis, Brady & Spedale is overseeing the closing. Real Estate is selling AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. Subject to Prior Sale. See Bidder Kit for complete terms.

In all transactions, auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by auction company. Any announcement made at the auction takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision. Valid Government Issued Photo ID required to obtain bidding number.

 

Ron Kirby, Jr. 1695-11

Maas Companies Inc AB-310-11

Broker Participation is welcome but not required. A 1% commission will be paid to the licensed broker who, 1 hour prior to the start of the auction, registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he/she hold an interest, is not entitled to a commission.

Re: LENDER OWNED AUCTION MONROE MOTOR SPEEDWAY Monroe, LA

10:00 AM
8850 Frontage Road
Monroe, LA 71202

To Whom It May Concern: Pursuant to your request, please sign and date this release to receive documents relating to the above noted property. The Seller did not prepare these documents and has no knowledge of their accuracy or completeness. None of the documents shall constitute a representation or warranty of any kind by Seller as to the accuracy or completeness of any information delivered. Accordingly, Seller expressly disclaims any responsibility therefor, including any consequences of any reliance by anyone on them. Please note that the documents and the information contained therein are confidential, and by acknowledging receipt, you agree to keep such information confidential and that you shall not, without the prior written consent of Seller, share any of the documents with anyone other than Potential Buyer and representatives of Potential Buyer who need such information for the purpose of evaluating the premises and who are informed of the confidential nature of the information and also agree to be bound by the terms of this confidentiality provision. By this acknowledgement, you further agree that you will return to me the originals and any copies of the materials forthwith upon demand if the contemplated transaction is not consummated. Please do not hesitate to contact our office with any questions you may have.