T-Bucks Real Estate and Business - Assiter Auctioneers

T-Bucks Real Estate and Business

ONLINE ONLY!  Location, Location, Location. Turn-Key Restaurant on 4 City Lots.  Located on the corner of Main Street in beautiful Red River, NM.  Falls under tourism overlay. 2,830±SF Restaurant including fully equipped Commercial Kitchen, Walk-in Commercial Refrigerator and Freezer. 1,570±SF Basement currently used for storage which also includes 1 bathroom and options to add a kitchen or living space. Brand New 1,920±SF two story Cabin ready to be finished out to your liking.   Additional Amenities include 30/50 AMP RV Hook-up, Hot Tub seats 6 people, and Graceland Storage building 12x30.  Combined commercial property is total 6,320±SF. Additional table and chairs convey, extra building materials will stay with the Cabin, such as wood, tub surround.  *Personal tools and personal items are excluded from sale.*  Successfully Restaurant Location for over 40 Years. T-Bucks is set up currently for operations to be taken over.  Awarded Trip Advisor's "Certificate of Excellence" 2018, and "Traveler's Choice" 2019, and 2020.  This is also perfect for an entrepreneur ready to bring in their own business idea. Don't miss the chance for this business opportunity and prime real estate. 



Preview Time:   12pm to 2pm on Tuesday, March 2nd 


Closing is to be 60 days from contract date, or 14 days after title commitment is produced, whichever is later.


An Earnest Money Deposit of 10% ($2,500 minimum) of the contract price is due immediately after the Auction by personal or company check for onsite bidders and by wire transfer for online bidders. The Real Estate Taxes will be prorated through the date of closing. The property is being sold "AS IS" and is NOT subject to financing, inspection or appraisal. Personal Property is not included in the auction. 


Contract Packages will be sent by e-mail to the successful high bidder at the end of the auction. Successful high bidder must execute, and fax, email or hand deliver the package back to Assiter Auctioneers within 24 hours of receipt. Successful high bidders not executing and returning their contract with earnest money deposit within 24 hours of receipt will be considered in default and subject to an Administrative Fee.


All information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being furnished to bidders for the bidder's convenience and it is the responsibility of the bidders to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold "AS IS" with any and all faults. Please review all information supplied and seek appropriate assistance prior to bidding. 


In all transactions, Assiter & Associates, LLC, Tommy R. Assiter II, Ryan Rickles, Lindsey Rickles and Lila Monden is acting as agent for the seller, not as buyer's agent.


Assiter & Associates, LLC dba Assiter Auctioneers fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Assiter Auctioneers reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. All items are subject to prior sale or removal from the auction.

Auction Agents