Absolute $1 Auction, Outparcel
Sedalia, MO 65301
Pettis County, Missouri
Property Description
$1 Absolute Auction: REO Development Opportunity
Investment Highlights
Must-Sell Absolute Auction With No Reserve
Excellent Frontage & Viability: The Property features 145 feet of frontage on Westwood Avenue with immediate proximity to West Broadway thereby maximizing visibility.
Robust Commercial Submarket: The Property's immediate location is adjacent to household names with hotels (Hampton Inn, Holiday Inn), national retailers (Walmart, JCPenney, Tractor Supply, Panera), and more.
Flexible Investment Approach: New ownership will have the ability to pursue a development strategy with the option of ground leasing to prospective tenants to secure long-term cash flows.
Motivated Seller: The subject property is a bank-owned property that will be selling at a low cost basis.
Offering Details
Cushman & Wakefield and are pleased to present a Absolute $1 Auction: 33,350 SF Outparcel (The "Property"), a 0.76 AC outparcel located in the commercial corridor of Sedalia, Missouri. The Property is situated along Westwood Avenue with 145 feet of frontage in the robust commercial hub of Sedalia which features an abundance of national retailers (Walmart, JCPenney, Tractor Supply, Panera), hotels (Hampton Inn, Holiday Inn), and more. New ownership will have the ability to pursue a development strategy with the option of ground leasing to a prospective tenant to secure long-term cash flows. The subject property is currently owned by a publicly-traded financial institution with a strong motivation to sell at a low cost-basis with no reserve price as an absolute auction.
The city of Sedalia features a total population count of 2,979 (1 mile), 18,975 (3 miles), and $57,671 (5 miles) while the average household income is $51,574 (1 mile), $58,477 (3 miles), and $57,671 (5 miles). The largest industries in the city of Sedalia is comprised of Manufacturing, Healthcare & Social Assistance, and Retail Trade while the highest paying industries are Transportation, Housing, & Utilities based on information provided by the United States Census Bureau.
Auctioneer:
Gary D. Ryther
c/o Fisher Auction Company Inc.
License:
