0 Us Hwy 54 Pratt, KS 67124

Listing details for 0 Us Hwy 54, Pratt, KS 67124 : Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, February 14th, 2023 at 2 PM (cst) | BIDDING CLOSING: Thursday, February 23rd, 2023 at 3 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 AUCTION!!! 4.32+/- acres of land located in a fantastic location directly off of West Highway 54 in Pratt, KS. With its convenient location off the highway, Access Rd frontage and being across from Skyline Schools the possibilities are endless. As soon as you purchase the property, you will already have passive income with billboards. Take advantage of this opportunity to invest in Pratt, KS, and start your next venture. Do not let this auction pass you by! There are 3 billboards located on the property with active leases. The board to the far west of the property is owned by Lamar Advertising and per Lamar the board pays $385.00 annually on June 1st with the agreement expiring May 31st of 2024. The two boards toward the center of the property are owned by Link Media Outdoor. Per Link Media Outdoor, of those two boards, the board to the north pays $250.00 annually on a year-to-year basis while the board to the south pays $300.00 annually with an agreement till October of 2025. Per both billboard companies the total annual income from all three billboards is $935.00, this will be prorated at the time of closing and pass along to the buyer. Taxes will be estimated at closing as final amounts will not be available until such time as the lot split is finalized. Please see survey for lot split.  *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 $5,000.