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Development Land Auction

15.5 Acres m/l Prime Commercial Development Land – Lawrence, KS


Development-ready site(s) along high growth corridor of Lawrence. Surrounded by thriving commercial, residential & new development. 15.5 acres m/l zoned industrial business park. NWQ of Wakarusa Dr. & W. 18th St.

LIVE OFF-SITE AUCTION WITH ONLINE BIDDING
Began: 08/06/15 at 1:30 PM CDT
Property Location:

NWQ of Wakarusa Drive & W. 18th Street, 4910 Corporate Center Drive, Lawrence, KS 66047


Auction Location: 2161 Quail Creek Drive, Lawrence, KS 66047

Site Inspection: Thursday, July 23rd; 12:00 – 1:00PM

 

DEVELOPMENT LAND AUCTION

15.5 Acres m/l of Prime Commercial Development Land — Lawrence, KS

 

Development-ready site(s) along high growth corridor of Lawrence. Surrounded by thriving commercial, residential & new development. 15.5 acres m/l zoned industrial business park. NWQ of Wakarusa Dr. & W. 18th St. Surveyed for 4 proposed parcels.

 

Prime Location in Lawrence, KS

Located along I-70 approximately 45 miles west of Kansas City and 25 miles east of Topeka, Lawrence is the county seat of Douglas County. Both the county and the city have experienced steady growth over the last decade. While the city is well-known as home to Kansas University, the city also offers excellent cultural opportunities, thriving commercial districts, and wonderful residential amenities. Located in the southwestern portion of Lawrence, the 15.5 acre property is surrounded by office, national & local retail, senior living, residential and civic uses, as well as new construction and road development.

 

Surveyed for 4 proposed parcels ranging from 1.2 acres to 7 acres:

Proposed Parcel A:

•7.069 acres m/l

•307,945 sf m/l

•NW corner of property

•Frontage on Research Park Drive

 

Proposed Parcel B:

•5.651 acres m/l

•246,166 sf m/l

•SW corner of property

•Frontage on Research Park Drive & 18th Street

 

Proposed Parcel C:

•1.606 acres m/l

•69,935 sf m/l

•NE corner of property

•215 ft. frontage on Wakarusa Drive

•Existing curb cut on Corporate Centre Drive

 

Proposed Parcel D:

•1.188 acres m/l

•51,737 sf m/l

•W edge of property

•Frontage on 18th Street

 

* For mapping purposes to the property, use 4910 Corporate Centre Drive, Lawrence, KS. (This is the building located at the front of the property. It is not being sold.)

 

Off-site Auction Location: Artera Event Gallery, 2161 Quail Creek Drive, Lawrence, KS 66047

 

Fast Facts:

•Location: NWQ of Wakarusa Drive & West 18th Street

•Size: 15.5 acres m/l (675,180 sf m/l)

•Lineal frontage: 1,921 total

•Zoning: IBD (Industrial/Business Park)

•Topography: Generally level with slight downward slope to the SW

•Flood plain: Zone X (minimal)

•Surveyed for 4 proposed parcels

•Easement: 100 ft wide utility easement (see survey)

•Utilities: Water/sewer, electric, gas

•Special assessments: None

 

Auctioneer’s Note:

With its excellent location in southwestern Lawrence, this prime commercial land offers numerous development possibilities. Take a close look at the potential site plan, as well as the survey depicting 4 proposed parcels. Drive by the property to see the thriving commercial district surrounding it as well as the excellent frontage and handsome office building already in place in front. Then make your offer or bid your price to take advantage of this unique buying opportunity!

 

3 WAYS TO BUY!

 

1. BUY IT NOW

     Can’t wait for the auction? Call for details about buying a property in advance of the auction.

2. BID LIVE ONLINE

     Advance registration required.

3. BID LIVE ONSITE

     Attend the auction in person on auction day.

 

AUCTION TERMS AND CONDITIONS:

 

REGISTRATION:

Onsite bidder registration will begin one hour before the auction. Online bidder registration is open now. All bidders must provide a valid driver’s license and current address.  Online bidders must also provide a credit card to register.  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 immediately following the close of bidding.   Cash, cashier’s check or personal/business check will be accepted from onsite bidders.  Bank wire will also be accepted from online bidders.

 

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 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), if applicable.

 

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).

 

SURVEY

Seller shall provide a survey for any tract where there is no existing legal description.  Any need for a new survey shall be determined solely by the Seller. The type of survey performed shall be at the seller’s option and sufficient for providing a legal description for title insurance.  Purchase prices shall be adjusted to reflect any differences between advertised and surveyed acres.

 

REAL ESTATE TAXES & ASSESSMENTS:

2015 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 p

Video: Development Land Auction

PROPERTY:

From EAST: I-70 to McDonald St (exit 202), south to 6th St (40/59), west to Wakarusa Dr, south to property on right. From WEST: I-70 to KS-10 (exit197), south to 6th St (US-40), east to Wakarusa Dr.,south to property on right.

 

AUCTION LOCATION:

Artera Event Gallery, 2161 Quail Creek Drive, Lawrence, KS 66047. From auction property location go south on Wakarusa Dr. to Clinton Pkwy. East to Hartford. Turn left and then right onto 22nd Street to Arterra Events Center.

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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!