Corporate Surplus - Leased Entertainment SiteDev. Opportunity (Independence, MO)

Corporate Surplus - Leased Entertainment SiteDev. Opportunity

Corporate Surplus - Leased Entertainment Site Dev. OpportunityOnline Bidding Closes Thursday September 29 2022 4 00pm ET(3 00pm CT)Property Preview Date and Time Drive by Anytime Property Location 10735 East 40 Highway Independence Missouri 64055Property Description Located near Kauffman Stadium home of the Kansas City Royals and Arrowhead Stadium home of the Kansas City Chiefs in addition to numerous other local attractions there is no shortage of traffic in the area to generate business for this long term tenant -currently paying 81 000 annually NNN. Currently operating as a family entertainment venue this venue offers miniature golf go-karts video arcade batting cages and children s climbing and playground area. This is a great opportunity to buy and evaluate redevelopment possibilities while maintaining a positive cash flow Annual Income 81 000 - No Landlord Responsibilities -12.95 Acres Parcels with Highway 40 Frontage Located in The City of Independence - Balance of Property in City of Kansas City City of Independence Zoning C-2 (General Commercial) City of Kansas City Zoning Mix of R-2.5 R-7.5 B1-1 B3-2 Zoned C-2 (General Commercial) Wide Variety of Allowable Uses Medical Facilities Hospitality Lodging Retail and More Subject Site Located Adjacent to I-70 Highway 40 Traffic Count -14.500 VPD Just Minutes from I-70 (DTC 124 518) and I-435 (DTC 99 485) InterchangeParcel ID 32-120-15-03-00-0-00-000 32-130-01-07-00-0-00-000 32-130-01-11-00-0-00-000 32-130-01-53-00-0-00-000 32-140-05-10-00-0-00-000 & 32-140-05-11-00-0-00-000 2021 Assessed Value 537 854.00 2021 Market Value 1 700 294.00 2021 Annual Taxes 42 692.53Note to Buyers Closing will be handled by Fidelity National Title s National Commercial Services Division in Phoenix AZ with Seller paying for Buyer s title insurance. Closings are normally done remotely. Cooperating Broker s Fee 2% of the high bid will be paid to a properly registered broker at settlement. Summary of Terms of Sale All property sold in as-is and where-is condition. A 10% buyer s premium will be added to the high bid to determine the contract price. High bidder is required to execute a Contract for Sale and Purchase of Real Estate and remit to Tranzon by close of business the day of the auction. A 10% deposit is due within 24 hours of being notified that you are the successful high bidder. Balance of contract price is due at closing within 40 days. Seller will provide special warranty deed at closing. Please see Contract for Sale of Real Estate and Terms & Conditions in this package for all sale terms.888-791-7307 ext. jconlee(at)tranzon.com Jordan Conlee CAI AARETranzon Asset Advisors Edward Durnil MO Auctioneer 844 Vance Luksetich MO RE Broker 2004015243