AUCTION ALREADY COMPLETED!
Mayo Auction & Realty - Belton, MO 64012
Versatile 5.8 +/- Acre Property Auction with Buildings
Location: 22889 State Hwy 64, Hermitage, MO
34 Day Auction
12:30 p.m. Friday, October 4th, 2024
through Wednesday, November 6th, 2024
12:30 p.m. Friday, October 4th, 2024
through Wednesday, November 6th, 2024
Bid to win this great property today! See more details.
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Commercial Real Estate Auction - Prime Highway Frontage Property near Pomme de Terre Lake, Hermitage/Nemo, MO
Location: 22889 State Highway 64, Hermitage, MO
Acreage: 5.8 acres (±)
Buildings: Multiple, including retail, recreational, and storage facilities
This prime commercial property is ideally located on State Highway 64 in Hermitage, Missouri, with excellent highway frontage. Nestled in Hickory County near the popular Pomme de Terre Lake and Nemo, MO, this 5.8-acre (±) property offers endless potential for a variety of business ventures.
Property Features:
- Main Building (Approx. 4,000 sq. ft.): Previously used as a retail store, this spacious structure also features a commercial kitchen space that operates as a roadside food and ice cream stand without outdoor seating.
- Recreational Amenities: The property includes a fully constructed 18-hole concrete mini golf course, adding to its versatility and appeal for recreational use.
- Secondary Building (Approx. 4,800 sq. ft.): Once home to an arcade and then retail store, this building presents a range of possibilities for future use. It is attached to an additional space with a concrete floor, formerly used for bumper car rides.
- Storage Units (Approx. 4,800 sq. ft.): The property includes 10 storage units, immediately available for rental income, offering an attractive revenue stream for investors.
Infrastructure:
- Utilities: The property is supported by a well-built septic system, with a combination of propane, electric heating, and cooling. The main building features a pellet stove and central heat and air, while the secondary building is equipped with mini-splits for efficient climate control.
Additional Auction Opportunity:
Simultaneously with the real estate auction, there will be a separate online auction for the bulk sale of assets, including overstock inventory, commercial kitchen equipment, furniture, home remodel supplies, bumper cars, arcade games, and so much more. This offers a fantastic opportunity to acquire a wide range of valuable assets in bulk.
Pre-Auction Offers: Pre-auction offers will be considered for both the real estate and the bulk inventory lots. Don’t miss this unique opportunity to own a versatile commercial property with significant potential for multiple income streams!
Browse, Bid, and Win Today!
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Is your property better suited for a real estate auction, or traditional real estate listing?
Whether you are in the Kansas City area, or anywhere in Kansas or Missouri, Mayo Auction and Realty will help you understand what method of selling your real estate is best for you.
Learn more today - Selling has never been easier
Terms & Conditions:
Deposit: To register for this real estate auction, the buyer must agree to deliver a nonrefundable deposit of 10% of the high bid to our office (16513 Cornerstone Dr; Belton, MO 64012) or via wire transfer, and execute a purchase agreement the next business day following the conclusion of the auction. The deposit must be in the form of a cashier's check, personal check with a bank letter of guarantee, wire transfer, or cash.
⢠Be it understood that Mayo Auction & Realty advises all potential buyers to seek legal counsel if for any reason they do not understand any part of the auctionâs TERMS and CONDITIONS. The buyer confirms that by placing their signatures below, they have inspected the subject property to their satisfaction for their intended uses, and further understands that he/she agrees to all of the terms and conditions for this auction.
Agency Disclosure:
⢠It is clearly understood and agreed by the parties hereto, Mayo Auction & Realty is the selling agent, and all parties employed by or associated with Mayo Auction & Realty represent the Seller in this transaction. Further, the Buyer confirms that verbal disclosure of representation was provided to them prior to signing this agreement.
THIS IS AN INTERNET ONLY AUCTION - If you prefer to turn in a bid in person, please call the office at 816-361-2600 to make arrangements.
Buyers Premium: A 10% buyer's premium will be added to the final bid. If you bid $10,000.00 the total sale price will be $11,000.00.
Possession: Closing will take place no more than 30 days from the day of the auction. The seller at closing will convey a good and marketable title. Buyer & Seller will be responsible for customary closing costs issued by the title company.
Easements: The sale of this property is subject to any and all easements of record.
Real Estate Taxes: Real Estate taxes shall be prorated to the date of possession.
Purchase Agreement: The successful bidder shall execute a purchase agreement the following business day after being declared the winning bidder by the auction company. Please Note: The purchase agreement will offer no contingencies, including but not limited to financing.
Terms: The property is being sold âAS IS, WHERE ISâ without warranty or guarantee of any kind. Each potential buyer is encouraged to perform his/her own independent inspections, investigations, inquiries, and due diligence concerning the described property prior to bidding.
Agency Disclosure: Mayo Auction & Realty is the selling agent and all parties employed by or associated with Mayo Auction & Realty represent the Seller in this transaction.
Financing: Terms for this auction are cash. The seller is offering no other terms or contingencies. Therefore the buyer may NOT purchase this real estate subject to loan approval.
Broker Participation: To qualify for a three percent (3%) Buyers Agent Commission, all licensed real estate agents must register their client prior to the auction by submitting a broker participation form.
Backup Bids: In the rare event that the winning bidder is unable to close on this transaction, we do accept backup bids. If you are not the winning bidder and would like to make a backup bid. Please call our office for the necessary paperwork.
Dynamic Closing: The closing time of a property is automatically extended an additional 5 minutes whenever a bid is placed within the last 5 minutes of the auction closing time.
Warranty and Condition of Items Sold: All items are sold 'AS IS, WHERE IS, with NO WARRANTY expressed or implied. It is the responsibility of the buyer to determine the
condition of the property and bid accordingly. Descriptions are believed to be accurate but not guaranteed. If you are not certain of the condition of the property, please bid accordingly.
Catalog Discrepancies: You are bidding on the described item, not the photograph, occasionally the wrong photo may be displayed, always read the item description.
The auctioneer reserves the right to add or remove items from the auction; split or combine lots; add minimum bids or reserve prices; cancel, suspend, extend or reschedule an individual item or auction event. The auctioneer reserves the right to make changes to the auction closing times or inspection or removal times.
In addition to completing this form, and in order to place your bid, you will need to create an account and register online for this auction. If you already have an account set up, you can log in and register for this auction to then be approved and place your bid. Once you have completed both the form and the online registration, you will receive an email from our office letting you know that you are approved to bid and can place your bid at any time.
For more information, call:
816-361-2600
Questions about this auction? Phone 816-361-2600 or email our office at info@auctionbymayo.com.
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