McCurdy Absolute Auction - Friday, November 15th at 2:00 PM

Hospitality for Sale
Auction
Catylist Listing ID: 30509846
Property Subtypes: Convention Center, Extended Stay, Hotel, Inn, Motel
Number of Units: 26 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 12 - 13 SF
Sale Price: See Agent
Property Use Type: Investment, Business
Sale Terms: Undisclosed
Up For Auction: Yes
Auction Type: Absolute
Cap Rate: Undisclosed
Last Updated: 11/12/2019

Overview / Comments

ONSITE & ONLINE REAL ESTATE AUCTION ON FRIDAY, NOVEMBER 15TH, 2019 AT 2:00 PM. CLEAR TITLE AT CLOSING, NO BACK TAXES, PREVIEW AVAILABLE.
NO MINIMUM, NO RESERVE!!! Located in Harper, Kansas, this property is only 45 minutes away from Wichita! The property is currently known as Westview Lodge Hotel & Apartments. It sits on over 12 acres and has room for expansion or other possible development opportunities.

28 residential units were built in 2012, giving you 20 one bedroom units and 8 studio style units. Each unit has a covered porch, queen-size bed, fully equipped kitchen, full bathroom and a washer & dryer.These units can be used from nightly stays to long-term stays. Parking lot available to all units.

Also on the property is a conference and office building with seating for over 128 people. It provides a fully equipped kitchen, offices, restrooms and a finished basement with recreational games and exercise equipment. The building has been used for receptions, meetings, reunions and banquets and conferences. There are full screen projectors, a spacious serving area and a covered patio. The basement provides a tread mill, free weights, elliptical cross trainer, recumbent bike, a pool table, air hockey table and a card table. The basement can also be used as a storm shelter with its underground-reinforced concrete.

This is an investment opportunity you wont want to pass up with the potential to be a hotel, senior living facility, apartments, or many other redevelopment potentials.
10/30/19 - Currently the property is experiencing a seasonal demand that has generated nearly 100% occupancy due to pipeline installation and hunting season. Occupancy is changing daily however is currently surged.

11/11/19 - The property now has 16 monthly rentals at $750/month, 20 monthly rentals at $700/month that all are roughly 4 month commitments. The lodge continues to rent consistently for community events. The other 10 units are surging with hunters and are leasing weekly at $250/week. 100% full right now.
*Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. It is incumbent upon buyer to exercise buyer’s own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer’s responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or seller’s agents was obtained from a variety of sources and neither seller nor seller’s agents have made any independent investigation or verification of such information and make no representation as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $30,000.

Additional Details

Nearest MSA: Wichita
County: Harper
Tax ID/APN: 0390810103023007000
Zoning: GENERAL COMMERCIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,533 1,533 1,533
Median Age: 41.01 41.01 41.01
Households: 650 650 650

Contact

Photograph of Listing Agent

Braden R. McCurdy

McCurdy Auction KSCRE Member
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