02/14/2022 - 03/09/2022, Bidding Ends March 9th / 11AM CST (Soft Close)
SPR Auctions will be holding an auction of prime commercial real estate located in and owned by the City of Johnson City Texas. The property up for auction is known as 406 West Main Street Blanco County Appraisal District PID# 2850. See catalog listing for full item details.
Bidding Notice:
REFUNDABLE BID DEPOSIT REQUIRED: Persons wishing to participate in the bidding process for this sale are required to register online and submit a $2,500 bid deposit. To complete the registration process, download the Bid Deposit Form available on the auction listing details page at SPRauctions.com. Mail completed bid deposit form along with a cashier's check in the required amount made payable to SPR Auctions at 1014 FM 3351 Boerne, Texas 78006. Deposit checks for unsuccessfully bidders will be sent out for return by standard mail on the 5th business day following the end of auction.
Auction Notice:
IMPORTANT UPDATE 03/07/2022: The City Council for The City of Johnson City has discussed land use / zoning concerns of potential purchasers for this property. The City Council thereby fully expects and encourages any purchaser to request rezoning to a residential or commercial zoning designation. It is the City Attorney’s opinion that the City Council could rezone the property to either zoning designation and therefore has provided this notice.
“Rezoning of Property Upon Sale: Zoning of a property in the City is made pursuant to the City’s Zoning Ordinance and State Law. A property owner may request a property be rezoned at any time. Requests for rezoning are ultimately decided by the City Council. A rezoning request may be granted so long as a request is in accordance with the City’s Zoning Ordinance and State Law. This property is presently zoned “Public Facilities District”, with uses of a property specified for public purposes. Following purchase, a buyer is entitled to submit for consideration by the City Council a request for rezoning to allow for a different use, such as a commercial or residential use.”
Notice of Restriction: This property is posted for sale as one whole tract. This tract consists of two deeds: a general warranty deed and a gift deed. The General Warranty Deed includes the Police Department building, adjacent parking, and land described in the field notes for that deed. The Gift Deed includes the building (log cabin) described as a museum and the land upon which it sits, as described in field notes. This portion of the property was gifted to the City with a ‘reversionary clause’. This clause states that the property “shall revert unconditionally to Grantor, her heirs, successors and assigns” should the real property and improvements (that is, the museum / log cabin building) no longer be used for a museum. Notice is provided that sale of this portion of the whole property is being conducted subject to this restriction, the reversionary interest.