ONLINE AUCTION: 7000 SF Downtown Retail

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30483248
Property Subtypes: Mixed Use, Street Retail
Status: Pending
Building Size (RSF): 7,000 SF
Gross Land Area: 6,969 SF
Sale Price: See Agent
Property Use Type: Business
Building Name: Former Sears
Usable Size (USF): 7,000 SF
Sale Terms: Undisclosed
Up For Auction: Yes
Auction Type: Disclosed Reserve
Auction Reserve Amount: 7,500
Cap Rate: Undisclosed
Last Updated: 10/1/2019

Overview / Comments

BID ONLINE!
Bidding closes at 5pm on Tuesday, September 10, 2019

6,969 sqft lot
140 x 50 ft building
Formerly retail usage
Zoned Central Heat/Air, Concrete Floors
One Restroom
Full glass front
Street Parking
Alley Access to Loading Dock w/ 6' W x 7' T Electric Door
General Taxes: $2,167.54 | Special Taxes: $354.60

TERMS:

$7,500 Opening Bid – Property will sell at $7,500 or anything above
10% Buyer's Premium ($2,000 minimum)
10% Earnest Deposit
Prorate 2019 Taxes
Possession at Closing
Property sold “AS IS, WHERE IS” without contingencies including financing, inspections, etc
Does not include any personal assets

Additional Details

Nearest MSA: Wichita
County: Sumner
Taxing Authority: City of Wellington
Tax ID/APN: 0961561403025015000
Zoning: COMMERCIAL & INDUSTRIAL
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Washington
Feet of Frontage: 50
Highway Access: Highway 160 / 81 goes through Wellington
Site Description: Downtown Row Store
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Glass front
Parking Type: Surface
Parking Description: Street
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Satellite
Interior Description: Formerly retail usage Zoned Central Heat/Air, Concrete Floors One Restroom
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lots 23-24, Block 74, Original Town, Wellington

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,352 8,676 8,676
Median Age: 38.75 38.13 38.13
Households: 1,829 3,422 3,422
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