325/ACRE S Tall Tree Rd, Derby, KS 67037

Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, September 3rd, 2024 at 2 PM (cst) | BIDDING CLOSING: Wednesday, September 25th, 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. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!! NO MINIMUM, NO RESERVE!!! Amazing opportunity to purchase an over three-acre commercial lot in the ever-growing Derby, Kansas! This lot sits in The Oaks Commercial 2nd Addition near Rock Road and Tall Tree Road. Prime commercial real estate opportunity! 3.25 +/- Acre Lot Zoned B-3 General Business Daily Traffic County of 26,195 on Rock 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!  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 Association’s 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. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount of $20,000.