kansas-city-auction-company

Commercial Building Auction

Flexible-Use 4800sf Building in High Traffic Area


2-story building perfect for multi-tenant office, retail and/or restaurant. 2 huge parking lots for upper/lower entrances. 2800sf lower level former restaurant. 2000sf upper level configured as 2 office suites. In busy commercial area.

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 04/28/10 at 12:00 PM CDT
Location: 2661 N. Hub Drive, Independence, MO 64055
INSPECTION
Began: 04/07/10 at 12:00 PM CDT
Ended: 04/07/10 at 2:00 PM CDT
Location: 2661 N. Hub Drive, Independence, MO 64055

INSPECTION
Began: 04/14/10 at 12:00 PM CDT
Ended: 04/14/10 at 2:00 PM CDT
Location: 2661 N. Hub Drive, Independence, MO 64055

INSPECTION
Began: 04/21/10 at 12:00 PM CDT
Ended: 04/21/10 at 2:00 PM CDT
Location: 2661 N. Hub Drive, Independence, MO 64055


This income-producing 4,800 sq. ft. flex use commercial building is currently divided into 3 spaces. The lower level is configured as a restaurant, but can easily be further divided or reconfigured.  The upper level is comprised of two 1,000 sq. ft. office suites (one rented; one vacant). All entrances have ample walk-in parking.

 

Lower Level

2661-C – Formerly a successful Chinese restaurant (Hong Kong Tea House).  Equipment and most fixtures have been cleared for flexible use. With 3 entrances at this level, the space is easily divided for multi-tenant application. 2800 sq. ft.

Dining Room: 30×44; newer carpet, drop ceiling lots of light, pedestrian & emergency exits

Prep Area: 8×14; existing plumbing, built-in cabinets

Utility Closet: 5×9; Alarm & main electrical panel access

Kitchen Area: 20×30; gas, water & power lines in place, ½ bath & mop sink, extra-tall ceilings

Restrooms (2): 7×7; handicap railing, blower dryers

 

Upper Level

2661-B – Vacant office suite with updates and newer tenant finish. Ready to lease or move in. 1,000 sq. ft.

Executive Office: 12×12; carpet, wainscot, lots light

Reception Area: 9×18; carpet, wainscot, lots light

Office Area: 11×18; carpet, built-in executive desk,

Conference Room: 10×11; carpet, wainscot, built-in dry erase unit

Storage/Supply Room: 6×11; GE Alarm panel & communications access

Utility Room: 6×12; HVAC & electric panel access, large storage closet

Common Bathroom: 5×7; linen closet

Separate HVAC unit

2661-A – Leased retail space. 1000 sq. ft.

Established tenant (Beauty Salon)

Currently on 5-year lease at $825/month

Separate HVAC unit

 

Features:

Easy highway access & visibility

Well-established business corridor

Newer Carrier HVAC units – approx. 5 yrs. (1 of 4 missing copper)

100 gallon water heater

Alarm system & emergency lighting

Walk-in parking for both levels (approx. 75 spaces total)

Lot 16 (Main building): 24,402sf m/l

Lot 15-A (Expanded parking): 11,388sf m/l

Original building (4000sf) built in 1978; Kitchen addition (800sf) built in 1986

Zoned: C-2, General Commercial District

 

Fast Facts:

·         Auction date – Wed., April 28th; 12pm

·         Inspections – April 7, 14 & 21; 12-2pm

·         Bidding live onsite and online

·         4800 sq. ft. flex use building

·         Zoned C-2

·         Many possible configurations and profitable uses!

 

3-Ways to Buy:

1.       Bid live on-site

2.       Bid live online

3.       Make an offer in advance

(Onsite bidding registration opens at 9am. Online bidding requires advance registration. Call our office for details on making an advance offer.)

 

 

Auctioneer’s Note:

For many years the owners of this building ran a successful Chinese restaurant on the lower level while renting the upper level office suites. They have since retired and now you have an excellent opportunity to own an income-producing commercial building in a well-established and bustling commercial district. Easily visible from Hwy 291 and surrounded by brand name establishments, this flexible space has many potential uses.  Stop by an inspection and then come and name your price!

 

New to Auction? 4 Quick Tips:

  • Research the property and auction terms at www.CatesAuction.com. Be sure to download the “Property Information Package”.
  • Attend an inspection event to tour the property and talk with an auction representative.
  • Ask questions. Call 816-781-1134 or email Sold@CatesAuction.com. We’ll be glad to help!
  • Come prepared. You’ll need your driver’s license to bid and your earnest money deposit ready if you are the winning bidder. (Online bidding requires advance registration.)

AUCTION TERMS AND CONDITIONS

REGISTRATION: Registration will begin one hour before the auction. All bidders must provide name, address, phone number, social security number, and a valid driver’s license. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.

DOWN PAYMENT: The successful bidder(s) shall be required to make a 10% non-refundable down payment of the total purchase price at the auction site immediately following the close of bidding. A personal or business check will be accepted. 

FINANCING: Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction. 

CONTRACT SIGNING: The successful bidder(s) shall execute a purchase agreement at the auction site immediately following the close of bidding. All final bid prices are subject to Seller approval, unless announced otherwise.

CLOSING: Buyer(s) shall close within 45 days of the auction date. Possession will be delivered at closing. 

EVIDENCE OF TITLE: Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a warranty deed conveying the real estate to the buyer(s). 

REAL ESTATE TAXES, ASSESSMENTS, & EASEMENTS: 2010 taxes are to be prorated as of the closing date. Sale of said property is subject to any and all easements of record. 

AGENCY: Cates Auction & Realty Co., Inc. and its representatives are Agents of the Seller. 

BUYER’S PREMIUM: A buyer’s premium of ten percent (10%) shall be added to the high bid and included in the total purchase price to be paid by the successful bidder(s). 

BROKER PARTICIPATION: A commission will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction.

DISCLAIMERS AND ABSENCE OF WARRANTIES: The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it.  All sketches and dimensions are approximate.  No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the Auction Company. The auctioneer reserves the right to bid on behalf of the Seller up to the Seller’s minimum, if applicable.  All announcements made by the Auctioneer during the auction take precedence over any previously printed material or any other oral statements made. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement.

291 Highway to Gudgell, West to Hub, South to building.

Click on any image to view larger.

Lower Level Upper Level

Click on any image to view larger.

Upper level entrances - Two 1000sf suites Upper level Upper Level Leased Unit A Office in unit B
Office in unit B Office in unit B Office in unit B Office in unit B Storage room in Unit B
2800sf lower level - former restaurant Lower level Lower level parking Lower level parking Former lobby in lower level
Former dining room in lower level Former lobby in lower level Half of former dining room in lower level Former reception area and prep room in lower level Former prep room in lower level
Part of former kitchen in lower level HVAC HVAC Electrical Panel
Lower level parking Located near busy commercial area Close to highway

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