OLATHE, Kan., Feb. 12, 2014 (GLOBE NEWSWIRE) -- AmeriBid LLC (www.ameribid.com) announces the auction of a 2.28+/- acre development site off I-35. "This is a fantastic development area adjacent to Olathe Gateway Retail Center in the heart of Olathe," states Don Gabriel, Regional Director and Broker for AmeriBid. "There is outstanding visibility from I-35 and Bass Pro Shops is in close proximity to this site."
The auction will take place on Thursday, March 13th, 2014 at 1:30pm CST on-site at the property: 2120 Kansas City Road, Olathe, KS 66061.
Previously approved for a Staybridge Suites Hotel, the property is adjacent to Olathe Gateway retail center, an upscale retail shopping area anchored by Bass Pro Shops. Immediately north of the property is a proposed museum district, which would be part of Phase II of the Olathe Gateway development. Also nearby are the Johnson County Election Office, Sprint Nextel HQ, Garmin International HQ, Honeywell and Embarq. The area has a strong concentration of professional offices, some government offices and multiple retailers. The high barrier development corridor of 1-35 & 119th Street has a traffic count of approximately 126,000 cars per day. This is a proven retail market location with a high daytime population. Pro forma Assumptions and Hotel Plans are available upon request.
10% Buyers Premium applies. 1.5% Broker participation is offered, subject to Auction Company Broker Registration Form and guidelines therein. Inspect the property at your leisure. To receive more details and complete terms, please visit www.ameribid.com. For more information, contact Don Gabriel at 903.708.0688 (dongabriel@ameribid.com).
About AmeriBid
AmeriBid is the premier global real estate auction leader specializing in the sale of commercial and residential real estate, land properties and other assets for lenders, servicers, receivers, bankruptcy attorneys, estates, private owners, investment companies and local, state and federal government agencies. To be notified of future auctions, sign up for email alerts here.
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