Carrollton Farmers Branch Independent School District Ionwave #2026-03-085 Addendum 1

Sale of 4.884-Acre Real Property in Carrollton, TX (Prince of Peace Lutheran Church Site)

This opportunity involves the sale of a 4.884-acre real property parcel by the Carrollton-Farmers Branch Independent School District in Carrollton, Texas. - Government Buyer: - Carrollton-Farmers Branch Independent School District (CFBISD) - Board of Trustees is the official seller - Property Details: - Approximately 4.884 acres at 2115 E Frankford Road, Carrollton, TX 75007 - Legal description: PRINCE OF PEACE LUTHERAN CHURCH ADDN BLK A LOT 1 ACRES 4.884 - Property is sold strictly 'as is, where is' with all faults - Seller retains all mineral rights - 25-year restriction: property use limited to commercial and/or single-family dwelling development - Bid and Sale Requirements: - Minimum acceptable bid price: $3,830,000 - Earnest money deposit of $5,000 (money order or cashier's check) required with bid - Bids must remain open for acceptance for sixty days - Buyer must enter a Real Estate Sales Contract within ten days of acceptance - Closing required within 60 days after contract effective date - Buyer responsible for all environmental abatement, including asbestos, and for any platting or re-platting - Final deed description based on approved survey; property conveyed by Special Warranty Deed - Compliance with Texas Government Code Section 2252.908 (disclosure of interested parties) required - Notable Requirements: - Property is subject to a 25-year use restriction - All mineral rights are retained by the seller - Buyer assumes all risks and costs for environmental issues

Description

The Carrollton-Farmers Branch Independent School District is accepting sealed bids for the sale of approximately 4.884 acres of real property located at 2115 E Frankford Road, Carrollton, Texas 75007. The property is legally described as PRINCE OF PEACE LUTHERAN CHURCH ADDN BLK A LOT 1 ACRES 4.884, with the seller retaining all mineral rights. Bidders must submit bids on the provided bid forms by April 24, 2026, and bids will be opened and read aloud thereafter. The property is sold as is, and the final deed description will be based on an approved survey.

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