Auction: Commercial Property - 1.57 Acres - Coffey County, KS -
ABSOLUTE AUCTION Commercial Property in Burlington, KS Selling to the highest bidder without reserve! Selling online September 13th, 2024 We present 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 visit the Coffey County Economic Development website for more information related to this business-friendly County. 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, 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 the City of Burlington. For information regarding electrical services, please contact the City of Burlington. For information in regards to zoning, please contact the City of Burlington. 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
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