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| Seeking Guaranteed Bids | |||
| The Internal Revenue Service is seeking prospective purchasers of real property in order to redeem and sell the property located at 2216 Front Street, Meridian, MS 3930. | |||
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| Date: | To Be Announced | ||
| Time: | To Be Announced | ||
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| UPDATE - Pictures Have Been Added Property May be Inspected via Drive-By Only |
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| Description of Property: | Three-story building containing approximately 15,742 square feet of space previously used as a furniture store.The property contains a working elevator to the upper floors.There is additional equity in the property since a recently signed 5-year lease agreement has been entered into by a non-related 3rd party. There have been major renovations on the 1st floor in order to meet the new tenant’s line of business. | ||
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| Legal Description: | Being Lots 11-14 of Block 99 of Ragsdale Survey in the City of Meridian, Lauderdale County, Mississippi. For Complete Legal Description, See Exhibit A on Agreement to Bid Form on Link Below. |
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| Minimum Bid: | The Minimum Acceptable Agreement to bid is $150,000 | ||
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| Bid Note: | Agreement to Bid must be received no later than September 1, 2012 | ||
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Click here for Agreement to Bid Form
This file will need Adobe Acrobat Reader. If your browser is not configured for pdf files the Adobe Acrobat Reader is free to download. |
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| Click here for photos of property | |||
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| To redeem the property under (Section 7425(d) of the Internal Revenue Code or Section 2410 of Title 28 of the United States Code), the Internal Revenue Service must obtain a written agreement to bid, secured by a deposit of 20% of the amount of the bid. The deposit should be made payable to the ´United States Treasury Department´ in the form of a cashier´s check or certified check, a bank or postal money order, a certificate of deposit, or an irrevocable letter of credit. If redeemed, the property will be sold pursuant to Section 7506 of the Internal Revenue Code subject to any prior outstanding mortgages, encumbrances, or other liens that may be superior to the lien of the United States. Agreements to bid must be accompanied by the required deposit. | |||
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| The Agreement to Bid and deposit should be sent to: | |||
| Name: | William Stone | ||
| Title: | Revenue Officer | ||
| Bureau: | Internal Revenue Service | ||
| Address: |
2209 5th Street North Columbus, MS, 39705 |
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| Phone: | (662) 327-4321 x 13 | ||
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| Available images for this Item | |||
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| Front View of Building | |||
| Top of the Page | |||
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| Back View of Building | |||
| Top of the Page | |||
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| Corner View of 23rd St & Front View of 2216 Front St | |||
| Top of the Page | |||
| For additional information, please contact William Stone | |||
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