Butler County 81-Acre Development Land Auction

Description

*LIVE AND ONLINE AUCTION w/ NO RESERVE*

PROPERTY: 81.81 +/- Acres in Butler County, Kansas near Andover

AUCTION DATE: February 22, 2024 at 6 PM Central

AUCTION LOCATION: Holiday Inn Express & Suites at 600 S Allen St in Andover, KS 

L2 Realty, Inc introduces an exceptional opportunity for development on the western side of Butler County, near the Rose Hill and Andover communities. This tract of land, encompassing approximately 81.81 +/- acres, holds immense potential for your next rural build-site project. 

The path to development has been streamlined with a conditional rezone approval to Rural Residential and a preliminary plat is in place to jump start the planning process. The available plat provides insights into layout possibilities, helping you visualize the full potential of this property!

A mile and a half from the Flints Hills National development, the location of this property is prime for rural development. With current road frontage on 140^th Street and Mulberry Road, two points of access are already in place. If a developer were to plat out the property, access via Mulberry Road would be limited to only the lots with frontage on said road. The proximity to local Andover and Rose Hill ensures easy access to urban amenities, employment opportunities, and high-quality school districts.

The property is set to be auctioned off on February 22^nd, 2024 at the Holiday Inn Express & Suites in Andover at 6 PM CST. Join us in the bidding process to claim your stake in the future of development near Wichita. Contact us now for more information and to participate in this exciting auction event. Bidding will occur online and in-person the evening of the auction.

Please call or email the listing agent, Tyler Gentry, at (316) 641-3173 or tgentry@L2realtyinc.com to set up your private showing of this property!

-  81.81 +/- Total Acres

-  Development Potential

-  Rezone Approval to Rural Residential

-  Preliminary Plat Available

-  Close to Rose Hill and Andover Communities

-  Close Proximity to the Wichita Metro Area

-  8 minutes to Rose Hill, KS

-  10 minutes to Andover, KS

-  15 minutes to Augusta, KS

-  20 minutes to Downtown Wichita, KS

TERMS: Online bidding will open at 8am on February 20, 2024 and the live auction will start at 6pm on February 22, 2024. Bidding will be conducted in-person, online, or by phone.  Download our app "L2 Realty Auctions" or go online at https://l2realtyinc.bidwrangler.com/ui to bid. Bids will be placed by the acre. Final sales price will be calculated by 81.81 times the final bid. There will be a 8% buyer’s premium added to the high bid to determine the contract price. Closing fee and title insurance fee will be split 50/50 between the seller and buyer. The property is not selling subject to a reserve. Bids submitted shall be "firm bids" available for sellers’ acceptance and without contingencies. Interested buyers need to view the property prior to the date of the auction and have financing approval along with any inspections performed prior to bidding. Upon acceptance of a bid by seller, the real estate contract will be provided by the seller's agent to the successful bidder promptly, and the termed contract shall be executed by the successful bidder and tendered to the seller's agent within 24 hours of the close of the auction.  The earnest money deposit in the amount of 10% of the final sales price will be tendered to Security 1st Title within five (5) days of notification and acceptance.  Remaining balance due at the time of closing. Closing will be conducted on or before March 25, 2024 at where time seller shall deliver possession. Selling subject to easements, restrictions, roadways and rights of way.  Preliminary title work and boundary survey included. Boundary property lines pictured are approximated for reference only.  There will be no guarantee on any fence or property lines as the selling is of the legal description only. Property is selling "as is" condition and is accepted by the buyer without any expressed or implied warranties. All terms announced the day of the auction will take precedence over any other advertising.