JURISDICTION: ETJ OF OVILLA
ZONING: NONE
ACRES: 2.478 ACRES INCLUDING LAND AND WAREHOUSE BUILDING OVILLA RD IN ELLIS COUNTY.
LEGAL: 1.00 ACRE, J BILLINGSLEY #76 AND LOT 2 PRESTON ACRES, ELLIS COUNTY, TX.
IMPROVEMENTS: FENCING, UNDEVELOPED SLAB FROM HOME THAT WAS REMOVED, 5000SQ FT BUILDING LEASED TO FIREWORKS COMPANY.
OPTION 1: Free and clear purchase of land
and all fixed improvements. $855,000.00
OPTION 2: LEASE OF PARKING LOT: Lease area in front of store. No use of store. $400/mth. Must allow operation of the fireworks store each fireworks season (12/20-1/2 & 6/24-7/4).
OPTION 3: PURCHASE OPTION: Land plus Building $460,000. Fireworks co will lease fireworks store for $2,400/month triple-net lease for their sales each fireworks season. No use of store by purchaser until lease terminates. Must clear out of parking lot each fireworks season for fireworks use.
OTHER:
Survey shows house on property. That was removed after purchase and
replaced by fireworks store further north into property. Split closing
costs 50/50, split title policy as we already have survey recently done.
SURVEY: