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32,000 sq. ft. Retail Strip Center on 83,635 sq. ft. (1.92 Acre) Land Parcel

LIVE ON-SITE AUCTION
Began: 05/31/05 at 11:00 AM MDT
INSPECTION
Began: 05/17/05 at 2:00 PM MDT
Ended: 05/17/05 at 4:00 PM MDT

INSPECTION
Began: 05/24/05 at 2:00 PM MDT
Ended: 05/24/05 at 4:00 PM MDT


*  32,000 Sq. ft. Retail Strip Center

*  83,635 sq. ft. (1.92 Acre) Parcel

*  290 ft. Road Frontage

*  128+ Parking Spaces

*  25,000 Daily Traffic Count

*  2 curb cuts w/North-South access

*  New Roof (2005)

*  C2 General Commercial Zoning

 

This 32,000 sq. ft. Retail Strip Center has the capability of being divisible into (3) separate retail units, each having their own separate entrances & gas/electric utilities. With approximately 290 ft. of road frontage along the heavily traveled “Miracle Mile”, Noland Road in EasternJacksonCounty, this improved 1.92  acre land parcel zoned C-2 General Commercial offers  exceptional visibility and access to a steady supply of

middle-income consumers.

 

 

PROPERTY DESCRIPTION

 

*  Building Size: 32,000 sq. ft. m/l

*  Lot Size: 83,635 sq. ft. (1.92 Acres m/l)

*  Parking Spaces: 128+

*  Road Frontage: 290 ft. on Noland Rd.

*  Curb Cuts: 2 with North & South access

*  Signs: Lg. Pole Sign & 2 lighted bldg. signs

*  Zoning: C2 General Commercial District

*  Traffic Count: 25,000 cars per day

*  Loading: Dock high

*  Construction:  One story Concrete block  

*  Exterior: Stucco, Concrete, Frame

*  New Roof (2005)

*  Ceiling Height:  Up to 17 ft. exposed metal

*  Power: 600 amp & (2) 400 amp 3 phase

*  HVAC: Forced Air Furnace Units w/cooling

*  2004 Taxes: $35,345.84

 

All information contained in this and other advertisements was obtained from sources believed to be accurate. However, no warranty or guarantee, expressed or implied, is intended or made. All buyers must independently investigate and confirm any information or assumptions on which any bid is based. This property is offered for sale to qualified buyers without regard to prospective buyer’s race, color, religion, sex, marital status or national origin. All announcements made at the auction take precedence over any other information or printed matter. Neither the auction company nor the seller makes or has made any representation or warranty with respect to the accuracy, correctness, or completeness of the information, the contents or meaning of the information, or the valuation of the real estate and shall not be held liable. Any decision to purchase or not to purchase the real estate is the sole and independent business decision of the potential buyer. No recourse or cause of action will lie against any of the above-mentioned parties should buyer become dissatisfied with its decision, whatever it may be, at a later date. CONTRACTS: The successful bidder must sign all documents and contracts immediately upon conclusion of the auction. EARNEST MONEY DEPOSIT: A minimum non-refundable earnest money deposit of 10% of the purchase price shall be required of the successful bidder. Of this deposit, $ 50,000 shall be required in the form of a cashier’s or certified check. The remainder of the deposit can be in the form of a company or personal check. Please note: all cashiers or certified checks should be made payable to yourself. You will endorse the check over to Thomson Title Corp. (escrow agent), when you are the successful bidder. BUYER’S PREMIUM: A buyer’s premium of ten percent (10%) shall be added to the successful bidder’s high bid and included in the total purchase price to be paid by the successful bidder. REAL ESTATE CLOSING: Buyers must close by July 15, 2005. Time is of the essence. The entire purchase price must be paid by cashiers or certified check, or wired funds at closing. Upon payment in full of the purchase price, the buyer shall be entitled to a general warranty deed for said property. REAL ESTATE BROKERS: A commission of 2% calculated on the successful buyer’s high bid, shall be paid (where allowed by law) to the qualified broker who is duly licensed in the state where the property is located, whose properly registered client is the successful bidder at the auction, and whose client pays for and settles on the property by the closing date. A broker shall not be entitled to any commission on account of any sale to entity of which (or of any affiliate of which) the broker is a principal, employee or affiliate, or immediate family member. Broker must register their prospective client on the appropriate form by contacting Cates Auction & Realty, Co. The form must be submitted via fax, (816) 781-1135 no later than Monday, May 30, 2005, by 3:00 PM (CST). No forms will be accepted at the auction sites. AGENCY: The Auctioneer is acting as agent on behalf of the seller only. During bidding, the Auctioneer has the right to reject any raise that, in his opinion, is not commensurate with the value of the offering. In the event of any dispute between bidders, the Auctioneer’s decision is final. Should there be any dispute after the sale; Cates Auction & Realty, Co.’s record of final sale shall be conclusive. RIGHTS: All announcements made the day of sale take precedence over any prior written or verbal terms of sale. If any conditions contained here-in are not complied with by the successful buyer, Cates Auction & Realty, Co. may, in addition to asserting all remedies available by law, including the right to hold defaulting buyer liable for the purchase price, either (a) cancel the sale, retaining as liquidated damages any payment made by such buyer; (b) resell the property without reserve at public auction; or (c) take such other action as it deems necessary or appropriate. The retention of the bidder’s deposit shall not limit any rights or remedies of Cates Auction & Realty, Co., or the seller(s) with respect to the buyer’s default. If the property is resold, the original defaulting buyer shall be liable for payment of any deficiency in the purchase price and all costs and expenses, the expenses of both sales, reasonable attorney’s fees, commissions, incidental damages and all other charges due hereunder. AUCTION REGISTRATION: Registration will begin one hour before the sale. To register, a prospective bidder must provide name, residence address, phone number, fax number, and social security number, and: (1) display drivers license: (2) displays a cashier’s or certified check in the amount of $50,000 made payable to his or herself: and (3) by registering is an acknowledging that he or she has read and agrees to be bound by the Terms and Conditions of Sale. PURCHASE AND SALE AGREEMENT: The successful bidder shall execute a Purchase and Sales Agreement (P & S) immediately after being declared the winning bidder by the Auctioneer. Upon execution by the Seller, the P & S will supersede all printed material and will serve as the governing document for sale of the property. The P & S contains an acknowledgment that the purchaser has inspected the property prior to the auction, is relying solely on his/her inspection of the property in making the decision to purchase, and is purchasing the property “as is”, where is” with all faults and without reliance on any warranty of any kind whatsoever. No changes in the Terms and Conditions of the P & S will be permitted. A sample P & S will be included in the Property Information Package. 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. If purchaser cannot obtain financing on the property because he/she cannot fulfill terms or does not qualify, then purchaser must either close for cash within the contractual period or forfeit his/her earnest money deposit. TAXES: Taxes are to be prorated between Purchaser & Seller as of the Closing Date.

From Downtown: East on I-70 (11.4 mi.) to Noland Road, North (8/10 mi.) to 3520. From Airport: East out of Terminal to LP Cookingham Dr. (2.3 mi.) to I-435 East toward St. Louis (26.5 mi.) to I-70 East (4.2 mi) to Noland Rd, North approx. 8/10 mi. to 3520.

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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!