126 Highway 56

Description

ABSOLUTE ONLINE BIDDING AUCTION! No Minimum/No Reserve. Bidding is open and concludes Friday, July 11th @ 11:30am. This former Taco Bell located at 126 Highway 56 Baldwin City, KS presents a prime opportunity along a high-traffic corridor. The property is situated on 0.52 +/- acres and features a 1,462 square foot building constructed in 2010, and is zoned Commercial CP-2. Key features include a drive-thru, walk-in cooler and freezer, and outdoor dining area, all situated on a highly visible lot with excellent frontage on State Highway 56. Please note there is a Deed Restriction stating "The property shall not be leased, managed, used, or occupied for the sale of pizza as its primary use." 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. The sale is absolute with no minimum and no reserve with closing within 30 days. The successful bidder must immediately execute the provided auction purchase contract and deposit 10% of the purchase price or $5,000.00, whichever is greater, as earnest money within the specified time outlined in the contract. 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. Broker forms, if any, are available on the bidding site. 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. Auctions may be subject to selling prior to the auction date.