B-2A Buckner Business District

Special Purpose for Sale
Catylist Listing ID: 30667011
Building Size (RSF): 1,086 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Investment
Sale Terms: Other
Auction Type: Undisclosed Reserve
Cap Rate: Undisclosed
Last Updated: 11/17/2020

Overview / Comments

1454 & 1460 N. Buckner, Derby, KS. Subject to Seller approval. If you are interested in purchasing this property, the Seller has authorized the listing brokerage firm to submit any offers to Seller prior to auction. In the event an offer is accepted, brokerage will withdraw the property and cancel the auction. Commercial Investment Opportunity with side by side rental income on large corner lot just east of QT at Meadowlark and Buckner. Two spacious 3 bedroom homes on Highly visible future hard corner with zone change being sold together. Current B-2A BUCKNER BUSINESS DISTRICT Zoning provides enhanced standards for the conversion of existing residential buildings within the district to institutional, office and commercial uses. The district standards allow property owners to capitalize on existing high traffic volume along the Buckner Street and Meadowlark Boulevard corridors by providing expanded allowable uses for their properties. Banks, Donut or Coffee Shops, Book Store, Office, Insurance, Art and Crafts. Numerous business opportunities with revenue stream! Lease on 1454 until 3/31/20 @ $850/mo & lease on 1460 until 10/31/22 @ $880/mo.
ONLINE AUCTION: Bidding starts 12/3/20 2PM CST Ends 12/15/2020 2PM CST. Subject to Seller approval. If you are interested in purchasing this property, the Seller has authorized the listing brokerage firm to submit any offers to Seller prior to auction. In the event an offer is accepted, brokerage will withdraw the property and cancel the auction. Property selling As-Is-Where Is. Buyer is responsible for all inspections and due diligence prior to auction. Taxes pro-rated base on upcoming 2020 taxes. 2019 combined taxes were $3,189.49 Minerals are believed to be intact and will transfer to Buyer. Earnest money of $20,000 is due in the form of a personal, business or cashier’s check or by wire the day after the auction end and will be applied to purchase at closing. Earnest money deposits are non-refundable. Your bidding is not conditional on financing. Closing will be on or before 1/15/2021. This property is selling As-Is-Where-Is, in its present condition and will be accepted by the Buyer(s) without any expressed or implied warranties or representations from the Seller(s) or their agent(s). It is incumbent upon the Buyer(s) to exercise their own due diligence prior to bidding on this property. If the property has improvements of any kind. It is also the responsibility of the prospective Buyer(s) to have any and all inspections completed prior to the start of auction bidding including, but not limited to, roof, structure, termite, environmental, groundwater, flood designation, presence of lead-based paint and/or lead-based paint hazards, presence of mold or radon gas, electrical, mechanical, plumbing and any other desired inspections, if any. Information given is from sources deemed reliable, but NOT guaranteed by the Seller(s) or the Realtor(s). All documents will be made available online to prospective buyers prior to auction. If documents are not understood, broker recommends buyer to seek legal advice prior to bidding. Your bid participation acknowledges the acceptance of all documents. Announcements made online or orally prior to the auction will take precedence over any previous statements, printed material or oral information. Successful winning Bidder(s) will be required to sign all necessary legally binding purchase documents immediately upon conclusion of auction. In the event of any technology errors, Lange Real Estate is not responsible for any missed lots and/or bids. Said company reserves the right to re-run and/or pause/restart the bidding at any point in time at the discretion of said company.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087241010120201300
Property Located Between: N. Buckner & Meadowlark
Property Visibility: Excellent
Largest Nearby Street: Meadowlark
Feet of Frontage: 160
Site Description: Great corner lot with visibility on both Meadowlark and Buckner
Area Description: Multiple businesses already in place
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 1,086 SF
Year Built: 1955
Construction/Siding: Brick/Vinyl Siding
Parking Type: Other
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: Current B-2A BUCKNER BUSINESS DISTRICT Zoning provides enhanced standards for the conversion of existing residential buildings within the district to institutional, office and commercial uses. The district standards allow property owners to capitalize on existing high traffic volume along the Buckner Street and Meadowlark Boulevard corridors by providing expanded allowable uses for their properties. Banks, Donut or Coffee Shops, Book Store, Office, Insurance, Art and Crafts. Numerous business opportunities with revenue stream!
Lot Frontage: 160
Lot Depth: 118
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: Lot 1 & Lot 2, Block 1 Pleasantview 3rd Addn

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,810 26,121 75,621
Median Age: 35.94 35.58 34.74
Households: 2,971 9,820 27,867

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