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Absolute Auction - Land

Absolute $1 Auction: 33,350 SF Outparcel

Adjacent to West Broadway Boulevard & Westwood Avenue, Sedalia, MO 65301

ClosedNovember 16th, 2021
This asset was part of the October 28th 2021 sale event, resulting in a successful transaction that closed in just 19 days.

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  • Asset Type
  • Real Estate
  • Property Type
  • Land
  • Land Area
  • 0.76 Acres

$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 RealINSIGHT Marketplace are pleased to present an 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.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

ClosedNovember 16th, 2021
This asset was part of the October 28th 2021 sale event, resulting in a successful transaction that closed in just 19 days.

Ready to sell your asset on the platform with the highest trade rate in the industry?
Get Started Today!

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Gary D. Ryther

    c/o Fisher Auction Company Inc.

    License: 199018502