Tall Tree Road , Derby, KS 67037 (Sedgwick County)

Size: 3.25 Acres

Type: Commercial Property, Homesites

Auction Information

(Derby) ABSOLUTE 3.25 +/- Acre Commercial Lot

3.25 +/- Acres on Tall Tree Rd, Derby, KS

09/18/2024, 02:00 PM

Online Bidding Site

(Derby) ABSOLUTE 3.25 +/- Acre Commercial Lot

ONLINE ONLY!!! NO MINIMUM, NO RESERVE!!!Amazing opportunity to purchase an over three-acrecommercial lotin the ever-growing Derby, Kansas! This lot sits in The Oaks Addition near Rock Road and Tall Tree Road. Prime commercial real estateopportunity!

3.25+/- Acre Lot

Zoned B-3 General Business

Daily Traffic Countof 26,195 onRock Rd Patriot Rd

Blacktop Access

Surrounded by Successful Established Businesses

Less than a 10-Minute Drive to McConnell Air Force Base & Wichita

Less than a 15-Minute Drive to Rose Hill & Mulvane

Specials paid off 2023

This property presents a great opportunity for anyone looking to invest in a commercial lot with flexibility and growth potential!

Property offered at ONLINE ONLY auction.| 10% Buyer's Premium will be added to the final bid.|BIDDING OPENS: Tuesday, September3rd, 2024 at 2 PM(cst)|BIDDING CLOSING: Wednesday, September25th, 2024 at 2:20 PM(cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment.

Pursuant to that certain Restrictive Covenant, dated February 27, 2003, and recorded on March 20, 2003 with the Sedgwick County Register of Deeds at Film 2655, Page 1002, effective August 19, 2024, (the 2003 Restrictive Covenant) seller conveyed Reserve M, The Oaks 2nd, an Addition to Derby, Sedgwick County, Kansas to the Oaks Commercial 2nd Owners Association (the Association). Per the terms of the 2003 Restrictive Covenant, the Association will be responsible for future maintenance of Reserve M. As part of this transaction, seller will amend the existing Declaration on the property (the Declaration of Easement, Covenants, Conditions and Restrictions of the Oaks Commercial 2nd Owners Association, dated December 18, 2015, and recorded on December 18, 2015 with the Sedgwick County Register of Deeds at Doc.#/Flm-pg: 29577692 (the Declaration)) in order to clarify the Associations procedure to pay for such maintenance expenses through the collection of assessments. In addition, seller will amend the Declaration to establish a non-exclusive blanket access easement on the subject property in favor of the Association in order to grant the Association access to Reserve M for the purpose of fulfilling the maintenance obligations. The amendment will further state that upon development of the subject property, the members of the Association will agree to confine the access easement to a particular location on the subject property.

In addition, as part of closing, seller will be placing funds in escrow to pay for maintenance of trees located on Reserve M. Such maintenance has been scheduled and is expected to complete in or around November 2024.