160′ x 140′ Corner Lot, Great Location, 800 W 6th Ave, El Dorado Kansas 67042 For Sale Commercial Residential Investment
*AUCTION WILL BE ONLINE ONLY*
Online bidding will begin on August 7!
COMMON ADDRESS: 800 W 6TH AVE, El Dorado, KS 67042
PROPERTY DESCRIPTION: 160′ X 140′ lot located on 6th Ave, which is the Northwest Trafficway in El Dorado, Kansas. Great opportunity to invest in a high traffic count location on a corner lot. Favorable R-3 zoning offers a wide array of development potential. This site formerly had a residential structure and garage that have both been removed, so the 2021 real estate taxes will be much lower with the vacant lot status. Great opportunity to look at possible future multi family or commercial use. Invest in Location, Invest in El Dorado!
2020 REAL ESTATE TAXES: $964.38
TERMS: Bidding will close at 4:00 PM on Tuesday August 17 or once no additional bids have been placed for 2 minutes. There will be a 10% buyers premium added to the high bid to determine the contract price. The successful high bidder shall be required to sign the real estate purchase contract linked above and be purchasing the property subject to the preliminary title insurance commitment also linked above. Non refundable earnest money is $2,500 due within 24 hours after the conclusion of the auction via wire transfer or check delivered to 218 E Central Ave, El Dorado Kansas. The balance shall be due upon Sellers submission of merchantable title and closing. Closing date shall be on or before September 17, 2021. Closing fee and title Insurance fee will be split 50/50 between Seller and Buyer. Selling subject to easements, restrictions, roadways and rights of way. This property is not selling subject to financing, inspections, or appraisal. Interested buyers need to view the property prior to the date of the auction and have financing available and any inspections performed prior to bidding. All pertinent information is available upon request.