INVESTMENT OVERVIEW

Cates Auction Real Estate Company is pleased to present for auction 1702 Village West Pkwy. a single-tenant, free standing structure with a drive-thru that was previously occupied by Arthur Bryant’s Barbeque Restaurant. This well constructed 6,919 sq. ft. structure sits on a 1.38-acre site with 68 designated parking spaces. Located within the Village West development, the property is directly adjacent to the Kansas Speedway, Children’s Mercy Park, and the Legends Outlets, along with 8 flagship hotels within 1 mile. Village West is the top tourist destination in all of Kansas boasting 12 million annual visitors. The property is easily accessible via Interstate 435 and 70 boasting a combined 217,000 vehicles per day. This is an incredibly intriguing opportunity for both an owner user or a value-add investor!

THE BUILDING

Building Type: Freestanding Commercial

Building Class: Class A

Gross Building Area:6,919 sf

Year Built: 2004

Foundation: Concrete

Construction: Brick

Roof Type: Flat

Floors: Kitchen: 6x6 red ceramic tile

Dining Area: Poured Concrete

Walls: Painted drywall

Ceiling: Acoustic tile

Lighting: Fluorescent strip & Light Fixtures / Sconces

Restrooms: Three restrooms, Customer men's and women's, along with a shared restroom for employees all with vinyl tile

flooring, adequate number of stalls, and solid-surface vanities.

HVAC: Forced air, rooftop units

Parcel ID: 105-041-02-0-20-03-001

2018 Taxes: $61,641

SITE CHARACTERISTICS

Gross Land Area: 1.38 Acres or 60,112 SF

Usable Land Area: 100.0%

Zoning: CP-2 Commercial

Shape: Rectangular

Topography: Generally level

Grade: Above street grade

Utilities: Public water, sewer, trash, gas, and electricity

Interior or Corner: Corner

Frontage (Linear Ft.): 279

Number of Curb Cuts: 1

Floor Area Ratio (FAR): 0.15 (based on GBA)

Parking Ratio: 9.83 (per 1,000 sf of GBA)

Surface Parking: 68 spaces

WEBSITE: https://catesauction.bidwrangler.com/ui/auctions/54995/4148735?utm_source=cimls.com&utm_medium=online+listing&utm_campaign=2020-10-28+bry

Bidding Starts October 25, 2020 at 1:00pm and Bidding Ends October 28, 2020 at 1:00pm.