REAL ESTATE AUCTION
Auction by: Cates Auction & Realty Co., Inc.
12,000 SF MULTI-USE BUILDING
Strategically located between the Country Club Plaza and downtown Kansas City on the north cusp of Westport, this C2 zoned building has a wide variety of uses from office, residential, retail to condos. Updates: HVAC, roof, windows & more.
Live On-Site Auction
Begins:
Thursday, September 09, 2010 at 10:00 AM CDT
Location: 527 W. 39th Street,
Kansas City,
MO
64111
Inspection
Began:
Thursday, August 19, 2010 at 10:00 AM CDT
Ended:
Thursday, August 19, 2010 at 12:00 PM CDT
Location: 527 W. 39th Street,
Kansas City,
MO
64111
Inspection
Began:
Thursday, August 26, 2010 at 10:00 AM CDT
Ended:
Thursday, August 26, 2010 at 12:00 PM CDT
Location: 527 W. 39th Street,
Kansas City,
MO
64111
Inspection
Began:
Thursday, September 02, 2010 at 10:00 AM CDT
Ended:
Thursday, September 02, 2010 at 12:00 PM CDT
Location: 527 W. 39th Street,
Kansas City,
MO
64111
Details
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Strategically located between the Country Club Plaza and downtown Kansas City on the north cusp of Westport, this C2 zoned building has a wide variety of uses from office, residential, retail to condo's. The building features exposed concrete ceilings and duct work, stained concrete floors and an open, urban loft style. Updates include newer HVAC systems, roof, windows, foyer glass, rooftop Trex deck and much more!
BUILDING FEATURES
- Design/Use: Office/Multi-Use building
- Year Built:1961
- Gross Building Area: 9,696 square feet above grade
- Daylight Basement Area: 4,784 square feet partially finished
- Number of Stories: Two plus basement area
- Construction Type: Reinforced concrete
- Foundation: Concrete slab
- Exterior Walls: Brick veneer
- Insulation: Assumed to be adequate
- Windows: New windows above grade (est. 2004)
- Doors: Aluminum frame glass exterior doors above grade; metal pedestrian and overhead garage doors basement level
- Roof System: Flat, insulated foam membrane system under deck (est. 2006)
- Plumbing: Two restrooms on each level; some updated fixtures. Residences have bathrooms, master third level with Jacuzzi tub
- Electrical: Electrical capacity has been updated to accommodate current multi-purpose office and residential use
- HVAC: Newer zoned forced air central heat and air (est. 2006)
- Elevators: No elevator
- Stairway: There is an interior stairway (north) and exterior stairways (south) providing access to each level plus a spiral stairway from the second level residence to the roof
- Security: Electronic key fob lock system
- Alarms/Sprinklers: Wired for security system and fire alarm; no fire sprinklers
- Flooring: Poured concrete floors with vinyl composite, ceramic tile and carpet floor coverings
- Walls: Light gauge steel or wood frame with painted drywall or wood paneling
- Ceilings: Exposed on second level, suspended acoustical ceiling panels on first and basement (finished area) levels
- Lighting: Combination of recessed fluorescent and incandescent can lighting
- Exterior Lighting: Building-mounted lighting and public streetlights
- Landscaping: Adequate landscaping along street frontages
- Signage: Building-mounted
SITE FEATURES
- Land Area: 19,797 square feet
- Parking/Driveway Surface: Asphalt with concrete sidewalks and curbing
- Parking Spaces: 38 marked spaces
- Total Parking Ratio: 3.9 per 1,000 SF of GBA above grade
- Zoning: C-2 Commercial Local Retail District
- Location: Southeast corner of 39th St. and Pennsylvania
- Road Frontage: 101 ft. along 39th St., 129 ft. along Pennsylvania and 72 ft. frontage along east alley
- Topography: nearly level with adjacent streets and alley
- Utilities: All exist on site
- Roadways: 39th St. is an asphalt, four lane, major east/west thoroughfare with electric, streetlights, concrete curbs and sidewalks and storm sewers, Pennsylvania is a secondary street with curb cuts to subject parking lot.
CURRENT USE
Garden Level:
3000 SF Trex roof top deck with hot tub, great views
2nd Floor:
LoftPenthouse/Office; 4848 SF, open and airy, exposed 10’ concrete ceilings, exposed duct work, stained concrete floors, lg. open kitchen with granite countertops, lg. granite top bar/eating area, Kraftmaid cabinets, stainless steel appliances, center granite top island, granite top wet bar, track lighting, master bedroom and bath with jetted tub, walk-in shower, marble top vanity, tile floor and lg. walk-in closet with built-ins, bedroom two, ¾ bath, lg. open living and dining room space. Easily convertible back to office!
1st Floor:
Office/Residential; 4848 SF, two lg. open commercial spaces, two large offices, and new two bedroom,1 bath apartment; kitchen with granite counter tops and stained concrete floor, full bath with jetted corner tub and living room. Easily convertible back to office!
Daylight Basement:
Office; 4848 SF, finished, open commercial office space and offices, restrooms, unfinished storage area and mechanical rooms, 7x9 garage door.
AUCTIONEER’S NOTE:
We are pleased to be offering a truly exciting opportunity to own a great Westport area building at Auction Prices! The property is situated in a high traffic area with great visibility, located between downtown Kansas City and the Country Club Plaza and has a wide variety of uses from office, residential, retail to condominiums. This is a great owner/user, live/work or investment/income opportunity. The building will be open for your inspection on Thursdays, Aug. 19th, 26th and Sept. 2nd from 10:00 a.m. to noon followed by the auction on Thursday, Sept. 9th at 10:00 a.m. Please call with any questions you may have and we look forward to seeing you at the auction. Come and bid your price!
Auction Terms
REGISTRATION: Registration will begin one hour before the auction. All bidders must provide name, address, phone number, social security number, and a valid driver’s license. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.
DOWN PAYMENT: The successful bidder(s) shall be required to make a 10% non-refundable down payment of the total purchase price at the auction site immediately following the close of bidding. A $25,000 cashier’s check shall be required to bid and presented at registration unless you have made other arrangements with the Auction Company. The cashier’s check should be made payable to yourself and then shall be endorsed over to the escrow agent if you are a successful bidder. A personal or business check to bring the balance up to 10% will be accepted.
FINANCING: Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.
CONTRACT SIGNING: The successful bidder(s) shall execute a purchase agreement at the auction site immediately following the close of bidding. All final bid prices are subject to Seller approval, unless announced otherwise.
CLOSING: Buyer(s) shall close within 30 days of the auction date. Possession will be delivered at closing.
EVIDENCE OF TITLE: Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a warranty deed conveying the real estate to the buyer(s).
REAL ESTATE TAXES, ASSESSMENTS, & EASEMENTS: 2010 taxes are to be prorated as of the closing date. Sale of said property is subject to any and all easements of record.
AGENCY: Cates Auction & Realty Co., Inc. and its representatives are Agents of the Seller.
BUYER’S PREMIUM: A buyer’s premium of eight percent (8%) shall be added to the high bid and included in the total purchase price to be paid by the successful bidder(s).
BROKER PARTICIPATION: A commission will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction.
DISCLAIMERS AND ABSENCE OF WARRANTIES: The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the Auction Company. The auctioneer reserves the right to bid on behalf of the Seller up to the Seller’s minimum, if applicable. All announcements made by the Auctioneer during the auction take precedence over any previously printed material or any other oral statements made. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. Property available for and subject to sale prior to auction.
Directions/Map
%MAP%
Broadway to 39th St., west 1 block to address or S.W. Trafficway to 39th St., then east 1 block to address.
Gallery: Auction Photos
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