$102,333
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403 W Main Sedan, KS 67361
1.69 Acres Lot
Key Details
Sold Price $102,333
Property Type Commercial
Sub Type Restaurant
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SCK635883
Sold Date 04/17/24
Originating Board sckansas
Year Built 1998
Annual Tax Amount $5,973
Tax Year 2023
Lot Size 1.690 Acres
Acres 1.69
Property Description
ABSOLUTE ONLINE BIDDING AUCTION! No Minimum/No Reserve. Great Value Add Opportunity! Bidding is open and concludes Friday, April 5th at 12:00pm. 403 W Main St., in Sedan, KS consists of a former Pizza Hut building (1,326 +/- SF) and 13 income producing storage units (1,950 +/- SF). Situated on Main Street, the property enjoys high visibility and easy access to local amenities, making it an attractive option for both owner occupants and investors. With its established income, high visibility location, and value add potential 1606 N State St presents a desirable opportunity with potential for future appreciation. Rent roll and leases for the storage units are available on the bidding site. Please note some furnishings, fixtures, and equipment will be removed by the seller prior to closing. Buyers are advised to thoroughly review the terms and details provided on the online bidding site, as any terms, comments, or announcements made there supersede any other advertised material. The property is being sold in its current "Where Is, As Is" condition, without any warranties. Closing will occur on or before 45 days from the full execution of the auction purchase agreement. The successful bidder must immediately execute the provided auction purchase agreement and is required to deposit 10% of the purchase price or $5,000.00, whichever is greater, as earnest money within the specified time outlined in the agreement. Additionally, a 10% buyer's premium or $5,000.00 buyers fee, whichever is greater, will be added to the final bid price. This auction is conducted exclusively online, with a 2-minute bidding time extension. The auctioneer reserves the right to recess, adjust and/or extend the bidding time as they deem necessary. Furthermore, the auctioneer may, at their sole discretion, reject, disqualify, or refuse any bid. The broker will offer 3% of the Broker's 10% at closing to a participating broker, provided their client is the successful bidder. While all information is deemed reliable, buyers are encouraged to conduct their own due diligence. The sale is not contingent on financing, appraisal, or inspection, and the winning bidder must be available immediately post-auction. The property is sold subject to applicable Federal, State, and/or Local Government regulations, with all measurements and details approximate and non-binding. The auctioneer provides no warranties regarding the online bidding platform's performance and assumes no liability for any bidder-incurred damages during its use, including unacknowledged bids or errors. Bidders accept all risks associated with the platform and acknowledge that the auctioneer bears no responsibility for bid submission or acceptance errors or omissions.
Location
State KS
County Chautauqua
Area 1326
Zoning See Remarks
Direction Property is located at 403 W Main St in Sedan, KS.
Interior
Heating Forced Air
Cooling Central Air
Flooring Concrete Slab
Fireplace No
Heat Source Forced Air
Exterior
Garage Description Parking Lot
Utilities Available Electric, City Water, City Sewer
View Y/N Yes
Roof Type Composition
Present Use Vacant
Street Surface City Arterial
Building
Story 1
Structure Type Other - See Remarks
Others
Acceptable Financing Other - See Remarks
Listing Terms Other - See Remarks
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