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3700+/- sf Brick/Block Retail/Office Building
Lot Closed
Auction by Cates Auction & Realty Co., Inc.
This item is in Kansas City, MO
Overview of 3700+/- sf Brick/Block Retail/Office Building
Item Details
3700 +/- SF Brick/Block Retail/Office Building (former Central Bank branch) on 14,500 SF lot and additional adjoining 15,303 SF fenced lot (former employee parking lot) offered separately and together with building.
The building includes a lg. pole sign, electric security window coverings, drive through window, corner lot and is located in a high traffic area – Truman Rd., Truman Rd. is also the main access to the New Sprint Arena which will increase visibility. This building is in need of updating or renovation and is located in Kansas City’s Enhanced Enterprise Zone #1. Therefore, tax abatement is available for eligible businesses.
The main level consists of 3700 +/- SF of open retail area, offices, vault room w/out door, teller window, etc. The basement consists of 1000 +/- SF with men and women’s restrooms, money counting room and back room The sub-basement consists of 1000 +/- SF with furnace room, storage rooms, electrical room, restroom and janitor’s closet Zoning: Commercial Improved (C3 A2)
The main level consists of 3700 +/- SF of open retail area, offices, vault room w/out door, teller window, etc. The basement consists of 1000 +/- SF with men and women’s restrooms, money counting room and back room The sub-basement consists of 1000 +/- SF with furnace room, storage rooms, electrical room, restroom and janitor’s closet Zoning: Commercial Improved (C3 A2)
Payment
ONLINE HIGH BIDDER INSTRUCTIONS:
ONE: If you are the successful bidder on the property, Congratulations!
TWO: You will immediately be notified by email that : A. You are the successful bidder B. Your pre-signed Purchase & Sale agreements will now be executed. C. You must wire transfer the additional earnest money deposit required to bring your total deposit to 5% of the purchase price. Wire transfer instructions will be emailed to you.
THREE: Once the full earnest money deposit is received, you will be emailed a copy & mailed an original of the executed Purchase & Sale Agreement.
FIVE: Closing is to take place on or before 30 days from the auction date.
NOTES:
ONE: If you are not the high bidder or your high bid is not accepted by seller, your full deposit and signed Purchase and Sale agreements will be returned to you via Priority Mail.
TWO: The purchase price shall be defined as the hammer price (high bid) plus a 10% buyer’s premium.
THREE: For internet bidders, the purchase price shall be defined as the hammer price (high bid) plus a 10.75% buyer’s premium.
FOUR: For internet bidders, the Purchase & Sale Agreements and cashiers check must be received at least two (2) days prior to the auction to allow adequate time for registration.
CheckWire Transfer
Auction Details
Winter Showcase Property - 11:30AM3030 E. Truman Road, Kansas City, MO, 64127Saturday, Feb 3, 2007 | 11:30 AM CST
Auction House
Cates Auction & Realty Co., Inc.North Kansas City, MO
Terms Of Sale
Internet Buyer’s Premium 10.75%
STEPS TO BID ONLINE:
ONE: Print out 4 copies of the Purchase & Sale Agreement (P&S) found in the Property Information Package (PIP) located at www.CatesAuction.com. NOTE: Adobe Acrobat Reader software must be installed on your computer in order to view & print these documents. You can download the free software on Adobe's website.
TWO: Obtain a cashiers check in the amount of $10,000 as an earnest money deposit payable to Thomson Title Corporation.
THREE: Sign all (4) copies of the Purchase & Sale agreement and send these documents with the cashiers check to: Cates Auction & Realty Co., Inc. (877) 781-1134
FOUR: Once received, you will be contacted by a Cates Auction & Realty Co. representative. The Cates representative will give you a password which will allow you to bid online during the auction on www.proxibid.com
FIVE: Click the "Register" button on the sale posting on www.proxibid.com.
SIX: Bid on the property online on auction day using your password.
ONLINE HIGH BIDDER INSTRUCTIONS:
ONE: If you are the successful bidder on the property, Congratulations!
TWO: You will immediately be notified by email that : A. You are the successful bidder B. Your pre-signed Purchase & Sale agreements will now be executed. C. You must wire transfer the additional earnest money deposit required to bring your total deposit to 5% of the purchase price. Wire transfer instructions will be emailed to you.
THREE: Once the full earnest money deposit is received, you will be emailed a copy & mailed an original of the executed Purchase & Sale Agreement.
FIVE: Closing is to take place on or before 30 days from the auction date.
NOTES:
ONE: If you are not the high bidder or your high bid is not accepted by seller, your full deposit and signed Purchase and Sale agreements will be returned to you via Priority Mail.
TWO: The purchase price shall be defined as the hammer price (high bid) plus a 10% buyer’s premium.
THREE: For internet bidders, the purchase price shall be defined as the hammer price (high bid) plus a 10.75% buyer’s premium.
FOUR: For internet bidders, the Purchase & Sale Agreements and cashiers check must be received at least two (2) days prior to the auction to allow adequate time for registration.