Wichita Greyhound Park 2018-07-18T10:58:47+00:00

Project Description

2 Commercial Properties Known as

Wichita Greyhound Park

SOLD

Tract 1: $1,600,000

Tract 2: $150,000

Tract 1

82 acres of commercial land with lease through 2039

This 82-acre tract of land is what the Wichita Greyhound Park sits on. This is a commercially zoned property that has an escalating lease that runs through 2039. Sedgwick County is selling the land only with lease rights. The lessee owns all the buildings and improvements and is responsible for upkeep and all taxes.

Current annual lease payment is $87,500. Starting December 1, 2018, the annual lease payment goes to $91,000. The last 5 years of annual lease payment will be $101,500. Lease statements are sent monthly to Wichita Greyhound Park, Inc. This property has paved frontage on the east side (Hydraulic St) and the south side (77th St N). It has approximately 25 acres of paved parking lots with 3 public and 1 private entrances. It has easy access from I135 at either 77 St N or 85th St N exits with paved roads to all entrances. An excellent investment opportunity for the right individual or group.

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Legal Description: All property in the SE/4 33-35-1E

Property Location: From HWY 135, East on 77th St. N, North side of road. NW corner of 77th St. N. and Hydraulic

Manner of Auction: Auctioning in 2 separate tracts, subject to Seller approval.

Property Description: 82 +/- acres land only, including lease until 2039.

Tax Information: Taxes are paid by the tenant. 2017 taxes: $21,399.13

Easements: Buyer to accept any and all easements, restrictions, roadways and right-of-ways of record.

Earnest Money: Earnest money of $100,000 is non– refundable, with bidding and contract not subject to financing.

Closing Date/Location: Closing shall occur on or before August 17, 2018 at Kansas Secured Title.

Possession: At closing.

Buyer Registration
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Tract 2

40.95 acres of commercial land on I-135

This 40.95 acre tract of land is excellent transitional land ready for development. It is zoned commercial with no leases and fronts I-135 highway. It currently has one entrance from paved 77 St N only yards from I-135 exit. It has rolling terrain with mature trees. This property has several good options for development.

Gallery

Legal Description: All property in the SE/4 33-35-1E.

Property Location: From HWY 135, East on 77th St. N, North side of road. NW corner of 77th St. N. and Hydraulic

Manner of Auction: Auctioning in 2 separate tracts, subject to Seller approval.

Property Description: 40.95 +/- acres of vacant land. Does not include tower.

Tax Information: Taxes are paid by the tenant. 2017 taxes: $0.00/exempt

Easements: Buyer to accept any and all easements, restrictions, roadways and right-of-ways of record.

Earnest Money: Earnest money of $15,000 is non– refundable, with bidding and contract not subject to financing.

Closing Date/Location: Closing shall occur on or before August 17, 2018 at Kansas Secured Title.

Possession: At closing