Hutchinson) Storage Units, Commercial Building & Undeveloped Lot on 2.81+/- Acres

Real Estate Auction in 1013 E. 4th Ave., Hutchinson Kansas, United States

03 Thursday
October 03rd, 2019 1:00 PM
McCurdy Auction, LLC
Phone: 316-683-0612

Hutchinson) Storage Units, Commercial Building & Undeveloped Lot on 2.81+/- Acres

Real Estate Auction in 1013 E. 4th Ave., Hutchinson Kansas, United States

Thursday at - 03rd October , 2019

Notes

*Buyer should verify school assignments as they are subject to change. The real estate is offered at
public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or
representations from the seller or seller’s agents. It is incumbent upon buyer to exercise buyer’s own due diligence, investigation,
and evaluation of suitability of use for the real estate prior to bidding. It is buyer’s responsibility to have any and all desired
inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey;
encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon;
presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well,
septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information
provided or to be provided by seller or seller’s agents was obtained from a variety of sources and neither seller nor seller’s agents
have made any independent investigation or verification of such information and make no representation as to the accuracy or
completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total
purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. The real estate will be open for
previewing one hour prior to the real estate auction, or by scheduled appointment. Earnest money is due from the high bidder at the
auction in the form of cash, check, or immediately available, certified funds in the amount $20,000.

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Auction Items For Sale

Parcel B | Storage Units, Commercial Building, and Undeveloped Lot on 2.81±  Acres in Hutchinson, Kansas. This property provides fantastic income potential!  The property is being offered separate and together with adjacent property, located at 935 E. 4th Ave., Hutchinson.

Storage buildings feature standing seams on building roofs, and the storage facility has insulated roofs. The property has décor fencing near the street and 6-foot security fencing surrounds the property.

The commercial building includes an on-demand electric water heater. Most furniture and equipment will remain with the building including: refrigerator, copier, printer, and phone system. The sign is also available with the sale of this property.

  • 2.81± Acre Lot
  • (3) 30' x 210' buildings
  • (2) 30' x 150' buildings
  • 226 Total Units - See Property Information Packet for breakdown of units and income.
  • 432 Sq. Ft. building is currently rented at $350 per month, and features: 
    • Built-up roof
    • Customer waiting / reception area
    • Employee break room
    • Restroom
  • Daily traffic count 11,000
  • Zoned C4 - Special Commercial District.

Additional income potential with six outside storage spaces @ $25 per month = $150.00 and late fees for storage units. The vacant land on the property offers potential for expansion to hold two additional 30' x 210' buildings, for an extra 100 units.

Rental real estate income and expense reports available on request.

This property is located in the "Neighborhood Revitalization Plan" area of Hutchinson, Kansas. See information on this plan in the Property Information Packet.