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GONE! COMMERCIAL REAL ESTATE AUCTION

Historic Waldo Office/Retail Building – “The Light Shop”


6000 SF of Old World Charm in this wonderful

2 story freestanding stucco bldg. in fantastic Waldo!  Perfect for office, retail, mixed use with high traffic count, 12 off-street parking spaces, 3-phase power, updated plumbing, Derbigum roof.

LIVE ON-SITE AUCTION
Began: 10/25/12 at 10:00 AM CDT
Location: 7406 Wornall Road, Kansas City, MO 64114
INSPECTION
Began: 10/11/12 at 11:00 AM CDT
Ended: 10/11/12 at 1:00 PM CDT
Location: 7406 Wornall Road, Kansas City, MO 64114

INSPECTION
Began: 10/18/12 at 11:00 AM CDT
Ended: 10/18/12 at 1:00 PM CDT
Location: 7406 Wornall Road, Kansas City, MO 64114


6,000SF Retail/Office Building

This historic, freestanding stucco facility sits right on busy Wornall Rd. in the heart of the booming Waldo Business District.  Surrounded by new redevelopment, this unique charmer has its own off-street parking lot, front and rear customer entrances and an open, flexible floor plan to accommodate a wide variety of uses including multi-tenant.

 

Building Use: Retail

Traffic Count: 25,017 cars/day (Wornall Rd. North of 75th St.)

Location: “Waldo Business District”

Stories: 2

Total Building Area: 6,285 sq. ft. +/-

Total Area Above Grade: 4,500 sq. ft. +/-

Total Land Area: 8,610 sq. ft. +/-,  .20 acres

Year Built: 1926

Year Renovated: 1988 – Two story addition to South end of building, interior, electrical and plumbing renovation

Zoning:  C-2

Parking: 12 spaces, asphalt

Exterior: Cinder block construction, stucco exterior

Interior: First floor has 10’ ceilings, retail showroom and office configurations with a set of restrooms and a finished storeroom.

The second floor has 8’ ceilings, retail showroom; 11’x8’ kitchen and a half bath.

First and second stories of original structure are carpet over original hardwood floors

Basement includes a 225 sq.ft. finished showroom with the remainder used for storage.

Roof: Red clay tile on the front elevation, Derbigum on the balance of roof. 

HVAC: New furnace installed in 1988 when seller purchased the property.  3 AC units, one installed in 2001 and two additional units installed in 2005.

Signage: Lighted monument  10.5’ x 3.5’

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 $20,000.00 cashier’s check shall be required to bid and presented at registration unless you have made other arrangements with the Auction Company. The cashier’s check should be made payable to yourself and then shall be endorsed over to the escrow agent if you are a successful bidder. A personal or business check to bring the balance up to 10% 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 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: 2012 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.

Video: COMMERCIAL REAL ESTATE AUCTION

71 Hwy to East 75th St. west to Wornall Rd., north to address. Or, I-435 to Wornall Rd., north to address.

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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!