Description |
THIS AUCTION WAS ORIGINALLY LISTED AS ABSOLUTE – SELLING TO THE HIGHEST ONLINE BIDDER REGARDLESS OF PRICE, HOWEVER IT WAS RECENTLY BROUGHT TO OUR ATTENTION THAT THERE IS AN EXISTING MORTGAGE LIEN ON THE PROPERTY AND THEREFORE THE PROPERTY COULD NOT BE SOLD WITHOUT RESERVE. THE ABSOLUTE AUCTION WAS CANCELED AND THE AUCTION WAS RELAUNCHED AS AN AUCTION WITH RESERVE SUBJECT TO BANK APPROVAL. WE APOLOGIZE FOR THIS INCONVENIENCE AND APPRECIATE YOUR CONSIDERATION TO BID IN THIS AUCTION. THANK YOU. JEFF CATES
INVESTMENT HIGHLIGHTS
• 6000 SF +/- Freestanding Retail/Restaurant Building on 1.5 Acre +/- Site
• Former Rib Crib BBQ and Grill Occupied Space for 12 Years
• Major Retail Corridor Anchored by Silverstein Eye Centers Arena, Costco, Lowes, etc.
• Strategically Situated Between Two Hotels (Holiday Inn Express and Comfort Suites Hotels)
• Trade Area includes Arby’s, IHOP, Outback Steakhouse, Golden Corral, Culvers, Hooters, etc.
• Located Within Commercial/Residential Quadrangle with Traffic Counts over 200,000 VPD.
• Significant Upside through Stabilization, Value Add or Repurposing
BUILDING TYPE Freestanding Retail/Restaurant
BUILDING CLASS A
TOTAL AREA 6,000 SF +/-
USEABLE AREA 5,240 SF +/-
SITE AREA 1.51 Acres +/- (65,699.62 SF)
YEAR BUILT 2005
ZONING C-2 General Commercial
CONSTRUCTION Steel, masonry, wood
FOUNDATION Concrete slab
EXTERIOR Wood lap siding, Stone columns
ROOF Composition/Derbigum
SIGNAGE Building, multiple
PARKING 88 asphalt surface spaces +/-, ADA compliant
PARCEL ID 34-620-04-03-00-0-00-000
2016 RE TAXES $22,844.68
INVESTMENT OVERVIEW
This well maintained retail/restaurant property formerly Rib Crib BBQ and Grill was built in 2005 and features a 6000 SF +/- freestanding building on 1 .5 +/- acres located at 19801 E. Valley View Parkway, Independence, Missouri. The property is strategically situated between two hotels (Holiday Inn Express and Comfort Suites) in an excellent retail corridor anchored by the Silverstein Eye Centers Arena, Costco, Lowes, CarMax, etc. Other restaurants in the area include Arby’s, IHOP, Outback Steakhouse, Golden Corral, Culvers, Hooters, Kobe Japanese Steakhouse, bd Mongolian, Carrabba’s Italian Grill, etc.
Located within a busy commercial/residential quadrangle bordered by Interstates I-70 to the north, I-470 to the west, US-40 Hwy to the south and Little Blue Parkway to the east, this highly visible development has traffic counts in excess of 200,000 vehicles per day.
This investment opportunity is time definite and only available through the auction date. A mortgage lien exists on this property that will require bank approval and acceptance of the bid price. The online auction ends Wednesday, November 22, 2017, starting at 3:00 p.m.
*Furniture, fixtures & equipment are not included in this sale.
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