kansas-city-auction-company

GONE! Commercial Real Estate Auction

Buy at 67% OFF previous asking price! Minimum Bid Only $100,000


 Income Producing 15,400 SF Retail/Office (Divisible)

  • 3,400 SF Leased @ 20,400/Yr.
  • 3/4 Acre +/- Land Area
  • New Roof 2010
  • High Traffic Area (24,000 Cars/Day)
  • Great Location Minutes to Legends/KS Speedway
  • Great Investment/Income Opportunity!

LIVE ON-SITE AUCTION
Began: 11/03/11 at 10:00 AM CDT
Location: 6257 State Avenue, Kansas City, KS 66102
INSPECTION
Began: 10/20/11 at 10:00 AM CDT
Ended: 10/20/11 at 12:00 PM CDT
Location: 6257 State Avenue, Kansas City, KS 66102

INSPECTION
Began: 10/27/11 at 10:00 AM CDT
Ended: 10/27/11 at 12:00 PM CDT
Location: 6257 State Avenue, Kansas City, KS 66102


PROPERTY 1.  15,400 +/- SF Retail/Office

6257 State Ave., Kansas City, Kansas

 

Buy at 67% off previous asking price!

Minimum Bid Only $100,000

 

FAST FACTS

  • Income Producing
  • 15,400 +/- SF Retail/Office Area
  • 3,400 SF +/- Leased @ 20,400/Yr. ($6.00/ft.)
  • 12,000 SF +/- Available (Divisible)
  • 3/4 Acre +/- Land Area
  • 1 Story Block Construction
  • Built in 1950
  • 10’ Clear Height
  • Central Electric Cooling
  • Forced Air Gas Heat
  • Fluorescent Lighting
  • Asphalt Parking Lot (26+ Spaces)
  • New Roof 2010
  • 6×6 Pole Mounted Sign
  • High Traffic Area (24,000 Cars/Day)
  • Great Location Minutes to Legends/KS Speedway
  • Great Investment/Income Opportunity!

 

AUCTIONEER’S NOTE

Don’t miss this opportunity to buy these great investment/owner user properties at Auction Prices!

 A Cates representative will be onsite for property inspections on Thursday, October 20th & 27th from 10:00 a.m. to noon.   The auction will be held on-site at each property  on Thursday, Nov. 3rd at 10:00 a.m and 11:30 a.m. respectively   If you have any questions or need additional information, please let us know.  We look forward to seeing you at the auction.   Come and bid your price!

Sincerely,

 

Jeff Cates

President & Chief Auctioneer

 

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. 

 

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.

 

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: 2011 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. 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. Advertising may contain pictures of wildlife and other items that are for illustrative purposes only. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve (if applicable). The Property is available for and subject to sale prior to auction.

I-70 to US-40/Turner Diag. (exit 415), merge on to Turner Diagonal north to State Ave., then east to addresss.

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AuctionServices
We are Kansas City's oldest and most experienced real estate auction company specializing in accelerated real estate sales in Missouri and Kansas, including Overland Park, Lenexa, Shawnee, Leawood, Kansas City, Lee's Summit, Olathe, Blue Springs, Independence, Liberty, Kearney, Parkville, Smithville, Gladstone, Clay County, Platte County, Jackson County, Johnson County, Wyandotte County, Leavenworth County, Cass County, Lake of the Ozarks, Lake Ozark, Sunrise Beach, Osage Beach, Four Seasons, Shawnee Bend, Miller County, Camden County, and around the Midwest. Kansas City auctioneers with regional expertise!