kansas-city-auction-company

GONE! Absolute Auction: Two 100% Leased Retail/Office Buildings | Raytown, MO

Income Producing Commercial Buildings Selling to the Highest Bidder with No Reserve!


Remodeled, updated and well landscaped, this dual income stream property is an immediate cash flow opportunity.  Quality tenants, triple net leases, ample parking and Chapter 353 tax abatement. Bid your price on May 25th!

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 05/25/16 at 12:00 PM CDT
Location: 6109 & 6111 Blue Ridge Boulevard, Raytown, MO 64133

INSPECTION: WEDNESDAYS, MAY 11TH & MAY 18TH; 11AM – 1PM

 

Remodeled, updated and well landscaped, this dual income stream property is an immediate cash flow opportunity.  Quality tenants, triple net leases, ample parking and a good location. Located in Phase Two of the Downtown Streetscape Project, the area will continue to improve with city landscaping, improved on-street parking and other amenities.  Selling at Absolute Auction on May 25th!

Property Features

  • Parcel ID  45-120-11-08-00-0-00-000 (for both addresses)
  • Remodeled in 2008
  • Zoned Neighborhood Commercial
  • Total parcel area: .28 acres
  • Rear parking for 10; plus another 10 spaces by agreement with neighboring land owner (per seller), all paved
  • Lease terms:  NNN, renewals in May and June 2017
  • Income and expense information available upon request

 

6109 Blue Ridge Blvd. has been home to Benetti’s Coffee Experience for 8 years

Beautifully remodeled inside and out.  Nice tile flooring throughout the main level, custom service bar in main dining room, handsome front patio and an elevated rear deck for customer enjoyment.  Plenty of seating indoors and paved rear parking lot.  Well maintained stucco exterior, composite roof and vinyl soffits.  Dual pane windows throughout.  Ramp from rear parking lot to front of both businesses.

  • Usable square footage:  1714 (interior 1067)
  • Main Dining Room:  24×39
  • Men’s and Ladies Rooms:  7×5.5, tile floors
  • Front Patio:  30×25;  concrete with iron railing surround
  • Rear Deck:  18×17; wood with staircase leading up to rear entry
  • 200 amp electrical service
  • Rheem 40 gal hot water heater
  • Two Amana furnaces and central A/C units
  • Full sized lower level stock room and mechanicals
  • Security alarm

 

6111 Blue Ridge Blvd. has been operating as My Yoga Studio.

Also updated in 2008, this concrete block constructed building has a brick front, glass block and pane glass windows.  The full length lower level has a 6.5 x 8 rear-entry overhead door.

  • Square footage:  1200
  • Main Studio:  22×27; quality floated laminate flooring, lots of natural light
  • Treatment Room 1:  15×9;  French door, carpet, glass block window
  • Treatment Room 2:  9×12; carpet
  • Restroom:   4.5×9; pedestal sink, tile floor
  • 200 amp electrical service
  • Ariston Model GL 4 tankless water heater

 

 

AUCTIONEER’S NOTE

Immediate income opportunities don’t happen every day and this is a great one. And this one sells Absolute! The city of Raytown is investing in the area with their Downtown Streetscape Project which will dramatically improve the area over the next few years and work has already begun on Phase One.  Ray Bucklew will be onsite for previews on Wednesdays, May 11th and 18th from 11AM to 1PM , or you can call him directly to schedule a showing appointment at 816-695-2163 .  Don’t miss the opportunity to bid your price on this income generator.  See you May 25th!

 

Per the published auction terms, this property is available for sale prior to the auction. To qualify, all pre-auction offers must meet all auction terms and be submitted on the provided Cates Real Estate Sale Contract along with the required deposit. All qualifying offers will be presented to the Seller for a timely response. Please contact our office for assistance if needed.

 

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 45 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).

 

REAL ESTATE TAXES & ASSESSMENTS:

2016 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.

 

Video: Two 100% Leased Retail/Office Buildings, Raytown, MO

Northbound I-435 to 63rd St. exit, east to Blue Ridge Blvd., north to address on right.  Southbound I-435 to Blue Parkway (Hwy 350) exit, south to 63rd St., east to Blue Ridge Blvd., north to address on right. From I-70 eastbound, exit Sterling Ave., south to Blue Ridge Blvd., southwest to address on left.  From I-70 westbound, exit 40 Hwy,  40 Hwy to Sterling Ave, south to Blue Ridge Blvd., south to address on left. 

Click on any image to view larger.

Click on any image to view larger.

Your auction should be printing now. If not, please click here.

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!