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SOLD! +/- 1.85 Ac Commercial in MADISON, MS in Prestigious Fountains of Madison on HIGHLAND COLONY PARKWAY!

SOLD! Premier commercial location in Madison, Mississippi - Seller says, "MUST SELL, NOW!"

Photos

Aerial view of commercial parcel

Brief Description

SOLD! The finest parcel of commercial real estate in MS. Ideally situated with over 300 ft frontage on the premier Highland Colony Parkway, just feet away from Hwy 463 & in sight of I-55. BROKER PARTICIPATION ENCOURAGED!

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Details

We have had requests for a Sealed/Written Bid from Buyers who would prefer an opportunity to make an offer on the property with some level of privacy. I have attached the Written Bid Form in my documents to the right for those interested in sending in a sealed bid prior to the auction date - please call for additional information regarding the steps necessary for that process.  On auction day, as the auction is scheduled to begin at 12:00PM, we will accept written bids until 12:10. At that point, we will no longer accept written bids and begin the process of opening the bids.  Only the top 3* written bidders will have the opportunity to defend or raise their bids in a live auction. The other written bidders with offers less than the top 3* written bids will not have an opportunity to participate in the phase 2 live Auction process.  (*Auctioneer reserves the right to adjust this number as the result of ties in the sealed bids.)  Again, the Written Bid form is on my documents to the right and I am available to answer questions regarding the auction process at (601) 209-3291. Kelly Hogue

For anyone who did not have the opportunity to get in on the ground floor of Highland Colony Parkway, the most exciting and prestigious commercial development in the tri-county, capital city area, this auction is your second chance and might just be the OPPORTUNITY OF YOUR LIFETIME! 

At the right, please look at the "Documents" link for the architectural site plan for this parcel from architect Joseph Orr that has preliminary acceptance from Madison County.  These full plans are available to the buyer and at the very least, indicate the possibilities with this parcel.  Please note, that the acceptance was over 1 year ago and there may need to be adjustments to this building plan with the city of Madison at this date.  We are providing these plans for informational purposes.

Please be sure to look at ALL of the documents at the link to the right for additional information about this commercial property. 

Included on the documents to the right is a copy of the covenants for the Fountains of Madison commercial development.  Then, I have also included a copy of the Outparcel Retention Agreement between the owner of this parcel and Brashear Creek, LLC, the developer of Fountains of Madison.  The Fountains of Madison property was sold to the developer "less and except" the parcel up for auction.  The developer of the Fountains of Madison, would welcome the owner of this parcel to become a part of that development.  However, as you see in the document, this Outparcel Retention Agreement controls the relationship between the owner of this parcel and the Fountains of Madison development.  

BROKER PARTICIPATION INFORMATION:  Brokers please email Blue Sky Auctions, LLC for additional information and a Broker Participation form to register your Buyers.  Seller will pay a commission to the properly registered Broker for the successful Bidder.  Your Buyer must be registered with Blue Sky Auctions, LLC 24 hours prior to the auction. 

The following information is included for anyone unfamiliar with commercial property in the capital city area.  Please be sure to click on the link to the right for the photo galleries to view some examples of the upscale commercial buildings already along the Parkway.  Local professional people already know the Highland Colony Parkway for what it is, simply the premier commercial corridor in the central part of the state.  Period.  Blue Sky Auctions, LLC is proud to offer a property of this caliber for sale at public auction.

Highland Colony Parkway, nicknamed the "Center of Commerce", is home to Mississippi's premium tenant base which includes legal, medical, accounting, banking, construction, high-end retail, corporate offices, etc.  The parkway has transformed Madison County into a commercial, medical and professional business mecca and has become the benchmark by which all other commercial property in the state of Mississippi is judged. (2005 article in MS Business Journal link)  http://findarticles.com/p/articles/mi_qa5277/is_200508/ai_n24306221/  This 4 lane, park-like boulevard runs parallel to I-55 for over 8 miles connecting I-220 in Jackson, through Ridgeland and on to Mississippi Hwy 463 in Madison and is attracting companies both from inside and new to our state, offering a mix of upscale retail, fabulous restaurants, hotels, professional offices, and premier residential developments.  The accessibility of Highland Colony Parkway to the major corridors, I-55, I-220, MS Hwy 463 and the historic Natchez Trace Parkway certainly plays a role in the flurry of upscale development.

Marked with a one-third scale model of the Washington Monument that also serves as a cellphone tower, the Highland Colony Parkway serves as home to large office complexes, such as the headquarters of computer hardware manufacturer Diversified Technology http://www.dtims.com/about/about.php and the Mississippi United Methodist Foundation and multiple office sites including Quorum, Crescent, Concourse and One Madison Plaza, which is an $85 million, 30 acre office plaza with one 34,000 sf building and more planned for the near future on the Plaza's 13 lots.

Although the Parkway is also home to many other commercial developments such as Dinsmor Commercial District, Paragon Centre, Renaissance Place, Highland Park and Key Office Park, multiple beautiful churches, impressive top of the line schools and retirement complexes are situated among the professional buildings. 

The Madison end of Highland Colony Parkway has generated a hub of health-care providers with the 88,000 sf, 4-story Baptist Health Systems building, which is an ambulatory surgical center (click on link to see article)  http://www.allbusiness.com/north-america/united-states-mississippi/1170079-1.html and the 2-story Highland Medical Arts building, a 2 story, 84,831 sf building offering imaging, out-patient imaging, medical lab services, and endoscopic services (click on link to read article) http://www.accessmylibrary.com/coms2/summary_0286-33415582_ITM .  Also, see the LoopNet listing for the leasing of the Highland Medical Arts building: http://www.loopnet.com/property/16130105/106-Highland-Way/

The high-end retail center is the Reinassance - if you are unfamiliar with the finest, upscale shopping center in the state, please click on this link:  http://www.renaissanceatcolonypark.com/about_progress.php

A cluster of financial institutions, such as Bank First, Regions, M & F Bank, and BankPlus also occupy much of the north end of the parkway.

This commercial parcel is located in the Fountains of Madison, through which a divided boulevard will wind from Highland Colony Parkway to Hwy 463.  The theme of this development is based on a large traffic circle in the middle, which will feature a large, antique bronze fountain as its centerpiece.  This fountain, which is believed to have been built in Italy, was reclaimed from a New Orleans mansion that was destroyed in Katrina. The road from Highland Colony Parkway to the traffic circle is completed and the road bed is in connecting to Hwy 463 and is under construction.  (In the aerial photo you will note this new divided boulevard being completed that connects Highland Colony Parkway to Hwy 463 that will bypass the busy Hwy 463 intersection.  That road is just to the left of the view of the parcel and ends up beyond (west) Colony Crossing shopping center.)  The buildings will have slate roofs and wood-mold bricks from Virginia.  This parcel is ideal for any professional office space, whether medical, financial, or legal.  And would also be a prime location for an upscale restaurant or retail space.

The following link is to an article published in 2007 in the Mississippi Business Journal about the Fountains of Madison commercial development and other commercial construction on the Highland Colony Parkway.  Please click on this link:  http://findarticles.com/p/articles/mi_qa5277/is_200709/ai_n21261326/

Madison, MS among '10 Best' For Families in U.S. www.madisonthecity.com/Family_Circle_Award.pdf -

Madison has ranked as the safest city in Mississippi:  http://www.madisonthecity.com/MadisonSafestCity.pdf

 

 

Gallery: Untitled

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Auction Terms

REAL ESTATE

TERMS AND CONDITIONS BLUE SKY AUCTIONS, LLC

 

REGISTRATION: In order to obtain a bidder’s number, you must present a valid driver’s license and a cashier’s check in the amount of $25,000.00.

REAL ESTATE TERMS: The high bidder will be required to place a non-refundable bid deposit of $25,000.00, which will be held as earnest money in escrow until closing and will then be credited to the buyer as part of the purchase price of the property. The successful bidder must sign the real estate contract immediately upon conclusion of the bidding with the closing to take place within 30 days from the date of the auction.  No purchase shall be contingent on financing or any other contingencies.  Buyer is entitled to and the seller will provide a deed marketable title for property upon full payment. 10% Buyer's Premium in place.

CONDITION OF PROPERTY: Property is sold "AS IS, WHERE IS" condition and neither Kelly Hogue, auctioneer of Blue Sky Auctions, LLC, the sellers, nor their representatives, agents, or employees make express or implied warranties or representations of any kind.

QUESTIONS: Questions will be entertained only prior to the commencement of the Auction proceedings. Please see a bid assistant for questions during the sale itself. If any dispute arises between or among bidders, the decision of the Auctioneer shall be final and absolute.

BROKER PARTICIPATION:  All licensed real estate Brokers are encouraged to participate by bringing your buyers to the auction.  A commission will be paid to the MS licensed and qualified Broker whose properly registered buyer is the successful bidder at the auction.  Brokers must register their prospective buyer on the required Broker Participation Form.  This form must be completed and submitted to Blue Sky Auctions, LLC no later than 24 hours prior to the auction.  There will be no exceptions to this form or time period.

KELLY HOGUE, CAI, AARE, CES

YOUR ATTENDANCE AND PARTICIPATION IN THIS AUCTION INDICATES THAT YOU HAVE REVIEWED ALL AVAILABLE MATERIALS AND ARE PREPARED TO PURCHASE THE PROPERTY UNDER THESE TERMS AND CONDITIONS.

 

 

 

 

 

Directions

From I-55, take Madison Exit 108 and travel East on Hwy 463 approximately .1 mile to the intersection of Hwy 463 and Highland Colony Parkway.  Turn left on Highland Colony Parkway, propery on right, just past Key Drive.

Map


Blue Sky Auctions LLC

http://auctionbluesky.com

133 Executive Dr., Suite C Madison, MS 39110

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AuctionServices
KELLY HOGUE
133 Executive Dr., Suite C, Madison, MS 39110
(601) 209-3291 or (601) 853-0682