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SOLD! – Kearney MO Auction

Former Restaurant/Retail Building – Sells to the Highest Bidder Regardless of Price


This 2000 sq. ft. former restaurant/retail building known as At Sarahs Table is located immediately north of the intersection of MO-33 & MO-92 Highways in a high traffic area and could be used for a variety of uses including retail, office, etc.

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 12/12/13 at 10:00 AM CST
Location: 405 S Jefferson Street, Kearney, MO 64060

INSPECTION:  NOVEMBER 26 AND DECEMBER 5, 11:00 A.M. TO 1:00 P.M.

After 10 years in business, the owners of At Sarah’s Table have decided to close and sell the real estate and restaurant equipment to the highest bidder regardless of price at absolute auction.

This property is located immediately north of the intersection of MO-33 & MO-92 highways in a high traffic area providing great visibility. The 2 story building is zoned commercial, has 2000 sq. ft. finished, a commercial kitchen, 2 dining rooms, service area and restroom on the main level and 3 rooms and a bath upstairs that could be used for offices, private dining or meeting rooms. The property also has two paved asphalt parking areas and a detached garage for additional storage. The space is easily adaptable for a variety of uses including retail, office, etc.

Restaurant Furniture, Fixtures, & Equipment will sell following the real estate! Click HERE for details.

Property Features:

Building Area: 2000 sq. ft. +

Land Area: 13,630 sq. ft.

Zoning: C-Commercial

Construction: 2 story frame

Roof: Composition (2010)

Exterior: Vinyl siding

Interior: Painted, plaster walls

Flooring: Hardwood, laminate

Power: 220v

HVAC: Gas heat, Central elec. cooling

Parking: Asphalt paved two sides

Garage: Detached, 16×30 with 7×9 overhead door

Road frontage: 126’ on Jefferson St./MO-33

86’ on 5th St.

Real estate tax: $4,000 (2012)

Room Dimensions:

Main Floor

Dining Room: 15’8×15’

Dining Room: 15’8×13’

Service Area: 15’7×9’6

Restroom: Unisex

Kitchen: 15’7×9’6

Kitchen/Prep: 15’5×10’

Screened-in Porch: 15×8’8

2nd Floor

Office/Private Dining: 13’3×12’6

Office/Private Dining: 15’x14’9

Office/Private Dining: 15’x10’

Restroom w/shower: Unisex

Auction Location

At Sarah’s Table

405 S. Jefferson St

Kearney, MO 64060

AUCTION TERMS AND CONDITIONS:

REGISTRATION:

Registration will begin one hour before the auction. All bidders must provide name, address, phone 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:

2013 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. 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-35 to MO-92, east to Jefferson St., north to address on immediate right.

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