kansas-city-auction-company

GONE! BANK ORDERED AUCTION

MINIMUM BID $75,000 Previous List Price $233,000


6048 SF COMMERCIAL BUILDING

Former Greenwood BBQ/Triple P Pub, Remodeled 2005, Zoned C-1 (retail, restaurant, office), High visibility from M-150 Hwy, 22,500 SF land area, Updated HVAC.  This property needs some clean up and TLC.

LIVE ON-SITE AUCTION
Began: 09/22/10 at 10:00 AM CDT
Location: 205 E. Main Street, Greenwood, MO 64034
INSPECTION
Began: 09/08/10 at 10:00 AM CDT
Ended: 09/08/10 at 12:00 PM CDT
Location: 205 E. Main Street, Greenwood, MO 64034

INSPECTION
Began: 09/15/10 at 10:00 AM CDT
Ended: 09/15/10 at 12:00 PM CDT
Location: 205 E. Main Street, Greenwood, MO 64034


This 6048 SF commercial building formerly known as the Greenwood Barbeque and Triple P Pub, is located in the growing City of Greenwood, MO on M-150 highway, the major east/west thoroughfare.  The building is zoned C-1 and has a wide variety of uses from retail to restaurant to office.  With the widening of M-150 along with the projected 2011 opening of the Walmart store at M-150 and 291 highways, this location should see a substantial increase in traffic counts going forward. 

BUILDING FEATURES

  • Current Use: Restaurant/Bar
  • Year Built: 1974
  • Remodeled: 2005
  • Gross Building Area: 6,048 square feet
  • Number of Stories: Two
  • Land Area: 22,500 square feet
  • Zoning: C-1 General Business District
  • HVAC: Updated forced central heat and air
  • Signage: Pole-mounted
  • Parking/Driveway Surface: 15,000 SF gravel paving
  • Topography: slopes slightly from east to west
  • Utilities: All are onsite or in immediate proximity
  • Roadways: M-150 Highway is a two lane asphalt paved, major east/west thoroughfare

CURRENT USE

Main Level 

The main level of 4,032 SF is configured as a restaurant and lounge with a full bar, commercial kitchen, carry out room/waiting area, store room and restrooms. Total occupancy for this level is 140. 

2nd Floor 

The second floor of 2,016 SF is configured as a large open bar area with a stage and dance floor, office and restrooms.  Features include corrugated metal ceiling, laminate flooring and ceiling fans.

AUCTIONEER’S NOTE:

Don’t miss the opportunity to buy this owner/user or investment property at Auction Prices!   Recently listed for sale at $233,000, the bank is ready to get this property off its books and has agreed to sell with a minimum bid of $75,000.   The building will be open for your inspection on Wednesdays, Sept. 8th & 15th from 10:00 a.m. to Noon.  If you have any questions or need additional information, please let us know.  We look forward to seeing you at the auction on Wednesday, Sept. 22 at 10:00 a.m.  Come and bid your price!

Sincerely,

Jeff Cates

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% down payment of the total purchase price at the auction site immediately following the close of bidding.  Cash, cashier’s check or personal or business check will be accepted for the down payment

 

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 30 days of the auction date. Possession will be delivered at closing subject to any remaining rights of the current tenant(s).

 

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 general warranty deed conveying the real estate to the buyer(s).

 

REAL ESTATE TAXES & ASSESSMENTS:

2010 taxes are to be prorated as of the closing date.

 

EASEMENTS AND LEASES:

Sale of said property is subject to any and all easements of record and any and all leases.

 

AGENCY:

Cates Auction & Realty Co., Inc. and its representatives are Exclusive 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. 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.  Property available for and subject to sale prior to auction.

 

STOCK PHOTOGRAPHY

Advertising may contain pictures of wildlife and other items that are for illustrative purposes only.

291 Hwy to M-150, then east 1.5 miles to 205 E. Main St.

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