Friday June 22nd, 2007 10:00am McClain County, OK LAND/MINERAL AUCTION
10+/- Acres to 200+/- Acres offered in 9 Tracts in Payne, OK
Minerals Non-Producing Open for Lease
Country Building Sites/Ranch/Investment Property
Only 13 miles from Purcell, 8 miles from Lindsay, Norman and Chickasha are within 30 minutes
Land Location and Description: From I-35 Payne/Wayne Exit #86 go west on state highway 59 approx. 10 miles to the Payne Fire Dept. (Santa Fe) turn south on blacktop road, go ¼ mile, property is on the west side of the road. This is an unusual opportunity to purchase a rural homesite or investment property at your price in a public auction. The land is located only 8 miles NE of Lindsay, 13 miles SW of Purcell, and 10 miles from the I-35 Wayne/Payne Exit #86. This is country living but it is close to town (within 10 minutes of Wal-Mart). The property is situated on paved roa...
Land Location and Description: From I-35 Payne/Wayne Exit #86 go west on state highway 59 approx. 10 miles to the Payne Fire Dept. (Santa Fe) turn south on blacktop road, go ¼ mile, property is on the west side of the road. This is an unusual opportunity to purchase a rural homesite or investment property at your price in a public auction. The land is located only 8 miles NE of Lindsay, 13 miles SW of Purcell, and 10 miles from the I-35 Wayne/Payne Exit #86. This is country living but it is close to town (within 10 minutes of Wal-Mart). The property is situated on paved roads with rural water and electricity on or near each individual tract. It is just ¼ mile from the Payne Rural Fire Dept. with a Class 9 rating. If you have been looking for a place for horses, cattle, or other livestock for 4H/FFA projects, or if you are tired of feeling cramped by neighbors, but would like to be within an easy and pleasant drive to work or school, you owe it to yourself to check these tracts out. The drive to and from the property features rolling hills, trees, horse and cattle ranches, farmland, and newer homes on acreages. You will find the drive to be good wind down time after a day at work. As urban areas sprawl out into the countryside, the opportunity to purchase rural land is becoming more and more scarce. These tracts begin with a generous 10+/- acres and can be purchased in sizes to suit the needs of the buyer up to the full 200+/- acres. For the Family this is the opportunity to have a country home in an excellent school system; for the Investor/Developer, an opportunity to purchase raw land for development; for the Farmer/Rancher , an opportunity to ad good land with almost unlimited growth potential to your present operation.
Tract Sizes: Tracts #1 thru #5 – 20+/-acres each; Tracts #6 and #7 – 10+/- acres each; Tract #8 – 80+/- acres; Tract #9 includes Tracts #1 thru #8 – 200+/-acres.
Order of Auction: The tracts will be offered individually and in combinations to suit the buyers.
Legal Description: SE/4 and SE/4 of NE/4 Sect. 21-5N-3W, W.I.M., McClain Co., OK (containing 200+/-acres)
Mineral Tract: The sellers share of minerals in and to the above mentioned tracts. The seller believes to own 67+/- Net mineral acres. The minerals are non-producing and open for lease.
Crop: does not sell
Possession: will be given at closing subject to the existing agricultural lease.
Terms: A 10% buyer’s premium will be added to the high bid of each tract to determine the purchase price. 10% of the purchase price is to be placed in escrow the day of the auction with the balance due upon delivery of merchantable title.
Contact Info: For additional information contact Keith Thompson, Auction Manager at the office (580)233-3066 or my mobile (918) 694-5825.
Auction Location: 1400 Chandler Road, Multi-Purpose Building at Purcell Golf Course Large Banquet Room, Purcell, OK. Friday June 22nd, 2007, 10:00am.