Auction Information
Online Bidding Site(Valley Center) ABSOLUTE 76.6 +/- Acres on E. 69th St. N & Rock Rd
NO MINIMUM, NO RESERVE!!! Excellent opportunity to own 76.63 +/- acres at E. 69th St. N & Rock Rd! Currently this property has a total annual income of $3,100!
Zoned Rural Residential
Ideal potential home site
Fantastic development opportunity
Wichita school district
Excellent visibility
Farming/ranch land
Partially tree-lined
There is a tenant farmer who has previously cut brome on the property. Tenant farmer pays cash rent on a bi-annual basis: $1,100 in March and $1,100 in December for a total of $2,200 annual income. The tenant is willing to stay on the land and continue the agreement if the new buyer is interested. Otherwise, possession will be given at closing.
There is also a salt water disposal well leased for $75/ month for a total $900 a year.
Don't miss out on the opportunity to own land for future development in Valley Center, selling regardless of price!!!
DISCLOSURES
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Property offered at ONLINE ONLY auction. | 10% Buyer's Premium will be added to the final bid. | BIDDING OPENS: Tuesday, February 23rd, 2020 at 12:00 PM (cst) | BIDDING CLOSES: Thursday, March 11th, 2020 at 12:00PM) (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment.
Definition of 'selling by the acre': A method of sale often used for agricultural or undeveloped acreage in which bids are made based on a per acre price. By way of example, if a 160 acre parcel was offered by the acre the high bid may be $5,000 an acre. That amount would then be multiplied times the total acreage to arrive at a total sales price of $800,000.
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E. 69th St. N & Rock - Southwest corner