McCurdy No Min/No Res Auction - Wednesday, February 13th at 12:00 PM

Office for Sale
Auction
Catylist Listing ID: 30368140
Property Subtypes: Institutional, Mixed Use, Office Building
Building Size (RSF): 1,856 SF
Gross Building Area: See Agent
Gross Land Area: 15,000 - 16,000 SF
Sale Price: See Agent
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 1,856 SF
Sale Terms: Undisclosed
Up For Auction: Yes
Auction Type: Absolute
Cap Rate: Undisclosed
Last Updated: 2/15/2019

Overview / Comments

LIVE AUCTION WITH ONLINE BIDDING! This property is being offered in a multi-property auction conducted off-site at the REALTORS® of South Central Kansas Board Office (170 W. Dewey St., Wichita, KS) on Wednesday February 13th at 12:00 PM. Registration opens at 11:00 PM or skip the lines and pre-register online. This property is selling with clear title at closing and no back taxes. Property previews available.

NO MINIMUM, NO RESERVE!!! 1,856 +/- Sq. Ft. free standing commercial building in Northwest Wichita! The lot that the building sits on is currently under a land lease for $700 a month. The buyer will assume this responsibility.

Great visibility sitting right off 21st St. and close to nearby shopping areas. This property has been used for multiple things such as a Walgreens, a restaurant and most recently, a bank. It includes two drive through teller lanes and a paved parking lot.

The interior of the property has a large open space with two offices and his & her restrooms. There is a kitchen area with lots of cabinetry and counter top space. Great investment opportunity with this multi-purpose building.

Sellers is the lessee of the property in accordance with a land lease. At closing, the sellers will assign all of their rights under the land lease to the buyer and the buyer will accordingly assume all responsibilities under the lease. A copy of the lease is included in the property information packet.
*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 $7,500.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Zoning: LIMITED COMMERCIAL
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1960
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,719 80,697 212,017
Median Age: 34.56 35.78 34.32
Households: 6,880 32,701 85,749

Contact

Photograph of Listing Agent

Braden R. McCurdy

McCurdy Auction KSCRE Member
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