kansas-city-auction-company

GONE! IMMEDIATE INCOME & 60% OFF LAST LIST | Lee’s Summit, MO

Last List $675,000 – Seller’s Reserve Only $285,000


Suite 1; 2,924sf move-in ready former medical office. Suite 2: 2,941sf leased thru 4/19. Immediate income! Curbside entry/parking; established office park; popular Lee’s Summit location. Last list $675,000; Seller’s reserve only $285,000!

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 10/25/17 at 12:00 PM CDT
Location: 294-296 NE Tudor Road, United States, Lee’s Summit, MO 64086

PROPERTY INSPECTIONS: WEDNESDAYS, OCT. 11 & 18; 11AM-1PM

Suite 1; 2,924sf move-in ready former medical office. Suite 2: 2,941sf leased thru 4/19. Immediate income! Curbside entry/parking; established office park; popular Lee’s Summit location. Last list $675,000; Seller’s reserve only $285,000!

5,865sf+/-  Tudor Square Executive Business Center

Two Office Suites: 294 and 296 NE Tudor Rd. 

Suite 294 Leased Through April 2019

Last List $675,000

Bidding Opens at Seller’s Reserve Only $285,000!

BUILDING TYPE: Commercial Office Condo(s)

SUBJECT PROPERTY AREA: 5,865sf+/-  Total

Suites: Suite 294 – 2,941sf+/- (leased)                                                                                          Suite 296 – 2,924sf+/- (vacant)

YEAR BUILT: 2004

FLOORS: Single story

ENTRANCES: Two (north side)

SIGNAGE: Monument on Tudor Rd.

PARKING: Ample curbside parking surrounding building

CONSTRUCTION: Brick

FOUNDATION: Slab

EXTERIOR WALLS: Frame/Brick veneer

WINDOWS: Fixed pane in aluminum frames, double pane, tinted

ROOF MATERIAL: Wood truss, composite shingles

FLOORS: Carpet

WALLS: Painted drywall

CEILING FINISH: Acoustic tile drop-down system with recessed fluorescent lighting

ZONING: CP-1, Planned Community Commercial District

PARCEL ID: 52-900-04-63-00-0-00-000

LEGAL: TUDOR SQUARE EXECUTIVE BUSINESS PARK LOTS 7A & 7B & TR D—LOT 7-B

*Furnishings, fixtures, and equipment shown in the photos will not be included in the sale.

 

Easy access to I-470 and MO 291 Highways. Curbside, front-door parking.

Established office and medical park, well maintained, active condo association.

Brick construction, condo association maintains exterior, landscaping and parking lot

Well-known Lee’s Summit location, across from Lee’s Summit High School

Within eight miles of six major hospitals.  

 

AUCTIONEER’S NOTE

If you’re looking to invest in a top-notch office property with long-term income potential, or if you’re thinking of locating your operation to a prime Lee’s Summit location,  this is your opportunity.  Quality construction and a great  location near schools, hospitals, retail and dining plus growth potential make this a rare find.  Come see for yourself at one of our previews on October 11th or 18th because on October 25th, it will be sold to the highest bidder over the seller’s low reserve of $285,000!

 

3-EASY 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.

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:

2017 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: Commercial Auction: 5,865sf +/- Office Condo

I-470 to NE Douglas St., south to Tudor Rd., east to address on left. Missouri HWY 291 to Tudor Rd., west to address on right.

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!