McCurdy Absolute Auction - Thurs, July 29, 2021 @ 3:05 PM

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30741885
Property Subtypes: Convenience Store, Mixed Use, Restaurant
Status: Pending
Building Size (RSF): 5,418 SF
Gross Land Area: 0.13 Acres
Sale Price: See Agent
Ceiling: 13 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 5,418 SF
Sale Terms: Undisclosed
Auction Type: Absolute
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/2/2021

Overview / Comments

ONLINE ONLY!!! NO MINIMUM, NO RESERVE!!! Great opportunity to own a commercial building in downtown Mount Hope, selling regardless of price!

Built in 1907
5,418 square feet
Large front display windows, hardwood floors throughout
Spacious storefront
Private office, storage rooms, two restrooms
Commercial style kitchen with fire suppressing system (kitchen is not being used, but hooks ups are available)
Roof is 7 years old
This property is currently rentedĀ for $400 per month, with a two-year lease that started on February 1st, 20201. No deposit and the tenant pays for all the utilities.

Current Tenants

Tenant Business Name C&R Dragway
Is Renting? Yes
Annual Revenue $4,800 (Annual)
SF of Space Occupied 5,418 SF
Current Rent $400 PSF (Annual)
Lease Expiration 2/0001

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087055210220400700
Zoning: CENTRAL BUSINESS DISTRICT
Retail Clientele: General, Business
Property Visibility: Excellent
Area Description: Downtown
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,418 SF
Property Condition: Good
Year Built: 1907
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: All Brick, Strip Retail
Total Parking Spaces: 4
Parking Type: Surface
Parking Description: Parking in front of building
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Zoning Description: Central Business District
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 10 EXC 3 X 20 FT IN NW COR & LOT 11 EXC S 6 1/2 INCH BLOCK 2 MT. HOPE CITY

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,015 1,015
Median Age: 44.25 44.25
Households: 392 392

Contact

Photograph of Listing Agent

Braden R. McCurdy

McCurdy Auction KSCRE Member
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