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Beginning at 12:00 p.m. on 9/12/24 with a dynamic closing to start at 12:00 p.m. on 9/13/24
ABSOLUTE AUCTION
Commercial Property in Burlington, KS
Selling to the highest bidder without reserve!
Selling online September 13th, 2024
Vaughn-Roth Land Brokers presents an excellent opportunity to purchase this commercial property totaling 1.57 acres in a high-traffic area with potential upside in spades! This real estate will be sold to the highest bidder via online auction that will begin at Noon on 9/12/2024 with a dynamic closing beginning at Noon on 9/13/2024.
This offering features high-quality existing neighboring businesses on its’ west flank including the recent addition of a thriving Bomgaar’s store and the long-established Hoover’s Thriftway which is the most visited grocer in the County. Across the street to the south, you’ll find the busiest hotel in the County, a bustling hardware store, a popular Mexican restaurant, the K-State Extension office and the Farm Service Agency/USDA offices. Other businesses located within a half mile of the subject property are multiple convenience stores and restaurants.
Both the physical location and the County in which this property resides are both very appealing. Proximity to Highway 75 is a tremendous attribute here. Being located less than 700’ away from the main intersection in north Burlington, elevated signage can easily be seen from the highway. This intersection has a daily traffic count in excess of 6,000 vehicles with excellent access due to traffic flow being regulated by stoplight. Coffey County boasts one of the lowest mil levies and property tax rates in the entire State. The County is very active with multiple current and prospective large development projects including the Kansas Semiconductor Manufacturing Consortium (KSMC), Secure Semiconductor Manufacturing (SSM) and the new law enforcement center. Please find the following link to Coffey County Economic Development for more information related to this business-friendly County: https://www.coffeycountyks.org/193/Economic-Development
For those who like to bet on the come, potential development projects that are currently being discussed and planned may be the most exciting factor to your investment equation. Adjacent to the north is the property that has been proposed for development of a 65-70 room hotel/amphitheater/restaurant project of which we have included some recent press about in the “Related Documents” section on our website. This proposed development is being spear-headed by a group of proven investors who have developed multiple hotel and residential properties in Kansas.
Please contact the listing broker, Cameron Roth at 785-917-0867 to discuss this excellent opportunity that is knocking at the investor/speculator’s door!
THE HIGHLIGHTS:
* Successful and thriving neighboring businesses
* Near high-traffic intersection
* Within sight of U.S. Highway 75
* Primary daily needs shopping center for the market
* Proposed new commercial development adjacent to the north
* Proximity to Burlington High School
* Commercial Zoned
* Low tax rates
* CAMA# 136-23-0-20-02-003.01-0-01
* Property Taxes: $91.96
Please find the Preliminary Title Commitment in the "Related Documents" section for your review.
For information regarding water and sewer service, please contact Danny Hawkins at 620-364-8332.
For information regarding electrical services, please contact Alan Schneider at 620-364-5575.
For information in regards to zoning, please contact Jimmy Hugunin at 620-364-5334.
Auction Details: Beginning at 12:00 p.m. on 9/12/2024 with a dynamic closing to start at 12:00 p.m. on 9/13/2024.
Physical Address: 300 Cross St., Burlington, Kansas 66839
Legal Description: Lots 17-24 in Section 23, Township 21 South, Range 15 East of the 6th P.M., Coffey County, Kansas. 1.57 Acres.
Driving Directions: From Hwy 75, turn east on Cross Street at the north stoplight and travel approximately one block and the property begins on the north side.
Earnest Money: The earnest deposit in the amount of 10% of the final sale price shall be tendered to Coffey County Land Title on the day of the sale via wire or personal check. Remaining balance due at the time of closing. The earnest money is non-refundable unless the Seller cannot deliver marketable title at the time of closing.
Buyer's Premium: There will be a 10% buyer's premium added to the high bid to determine the final contract price with that total being paid by the Buyer.
Property Taxes: $91.96
Possession and Closing: Full possession shall be at closing, on or before October 15th, 2024.
Disclosure: Yellow boundary property lines in the pictures are approximated for reference only. Please refer to the aerial map provided by the Coffey County Appraiser's office in reference to property lines.
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