SEALED BID OFFERING

Retail-Commercial for Sale
Auction
Catylist Listing ID: 30661003
Property Subtypes: Mixed Use, Other
Building Size (RSF): 34,552 SF
Gross Building Area: See Agent
Gross Land Area: 53,796 SF
Sale Price: See Agent
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Other
Up For Auction: Yes
Auction Type: Undisclosed Reserve
Sealed Bids: Yes
Last Updated: 11/17/2020

Overview / Comments

J.P. Weigand & Sons, Inc. is pleased to announce it is accepting sealed bid offers on a vacant church located at 2225 E. Central Ave. in Wichita, KS.

33,245 SF (.76 Acres) Parking Lot.
Easy access to I-135.
Former Calvary Hill Assembly of God.
Redevelopment Opportunity.

Sealed bids must be submitted on the Sealed Bid Submission Form by email to khowell@weigand.com or by mail/hand delivery to J. P. Weigand & Sons, Inc., Attn: Kevin Howell, 150 N. Market, Wichita, KS 67202, no later than Wednesday, November 11, 2020, 12:00 p.m., CST.

It is the bidder's sole responsibility to ensure that their Sealed Bid Submission Form is received by J. P. Weigand & Sons, Inc. before closing of the sealed bids. Verbal bids will not be accepted.

All sealed bids will be opened and reviewed by J. P. Weigand & Sons, Inc. and Seller. At the time of acceptable offer, Seller and Buyer will immediately enter into a Real Estate Purchase Agreement. If no acceptable offers have been made, the top 3 bidders will be notified to submit their best and final offer. Seller reserves the right to accept or reject any bid/offer or to waive any technicalities and defects in a Sealed Bid Submission Form.

By submitting a sealed bid to purchase the subject property, Bidder agrees to participate and be bound by the terms and conditions.

A 10% Buyer's Premium will be added to the accepted bid amount to create the total purchase price.

At the conclusion of the sealed bid process, J. P. Weigand & Sons, Inc. and Seller may award the sale of the property to the accepted/successful bidder. In the event of a tied bid, J. P. Weigand & Sons, Inc. will ask the tied bidders to submit a final and best offer to break the tie bid. At the time of an acceptable offer Seller and Buyer will immediately enter into a Real Estate Purchase Agreement.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087125220210200100B
Zoning: LIMITED COMMERCIAL & MULTI-FAMILY
Property Visibility: Excellent
Traffic/Vehicle Count: 26,195
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,493 135,183 251,669
Median Age: 30.01 32.88 34.02
Households: 5,010 54,839 103,417
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