McCurdy auctioning four visible properties in, around Wichita
Wichita Business Journal by John Stearns, Reporter
Date: Tuesday, May 1, 2012, 2:00pm CDT
McCurdy Auction next week will hold three absolute auctions on high-visibility properties in around the Wichita metropolitan area.
The properties are at Pawnee and Webb Road, off U.S. 54 between Andover and Augusta, and near 21st and 159th Street East.
A fourth land auction — at I-235 and North Meridian — will occur on May 15, with the price subject to seller confirmation.
“They’re all right in the path of progress,” says Braden McCurdy, associate broker. “In terms of accessibility, they’re all fantastic.”
McCurdy says more sellers are choosing the absolute auction route, where there’s no minimum and “whatever the last bid is, it sells, regardless of price.”
Five to seven years ago, absolute auctions were rare, McCurdy says. Today, they’re about a third of the properties his company auctions.
“Very few are distressed scenarios,” he says. Typically, sellers are just ready to move on, he adds.
Following are details about the parcels being auctioned, as described in McCurdy’s news release. For more information, visitwww.mccurdyauction.com.
• 35+/- acres and 43 lots near Pawnee and Webb will be offered absolute together and separate at noon on May 10. The land is zoned single-family and agricultural and falls within the Derby school district. The 43 platted lots cover 11.29 acres. Special taxes for sewer, water and storm sewer are already paid on 20 lots. Longtime builder Ray Jacoby had planned to develop the land, but it is now going to be auctioned with no minimum, no reserve, due his retirement.
• 13+/- acres at 10033 SW Diamond Rd (on US-54) between Andover and Augusta will be auctioned absolute at 2 p.m. on May 10. The land is zoned commercial, located across US-54 from Ford of Augusta and has great Kellogg visibility. Robert and Beverly McCalla, former owners of White Eagle Antique Mall, which was adjacent to this 13 acres, are auctioning the land with no minimum, no reserve so they can continue their travels. This auction is being conducted in conjunction with Jeff Englert & Troy Farha of Grubb & Ellis | Martens Commercial Group.
• 11+/- acres is located just South of 21st N. on 159th St. East and surrounded by Andover’s well developed subdivisions Caywood and Quail Crossing. This absolute auction will take place at 10:00 am on May 12. This parcel offers a development opportunity and contains a 2,365 SF home, 2,500 SF shop and outbuildings.
• Lastly, Kansas Department of Transportation has selected McCurdy to auction a five acre tract at the corner of North Meridian and I-235 at 12:00 p.m. on May 15. The land is zoned multi-family. This auction is being conducted in conjunction with Brad Saville of Landmark Commercial Real Estate.