Palmer Commercial Cash Flow

Time is running out! Get your Property Info Pack today.


minimum bid auction
Selling to the Highest Bidder!!!

Live on-site with Phone and Internet bidding available


Cash Flow Investment Opportunity

This property is all set to go!!! Start cash flowing today!! The property includes- 5 offices spaces with a common kitchen, bathroom and inviting entrance along with a 1,000 square foot space fitted for a restaurant/coffee shop and possible drive through- this space can also be converted into additional office space. All located on almost a half acre lot with ample parking. Offices have over $90,000 in upgrades and are a beautiful setting for any small business.

This cash flow property is a great investment to add to or start your real estate portfolio. The auction will be held on-site with on-line or remote bidding available. Minimum bid to start a $285,000 and the property will absolutely sell once the minimum bid has been met!! Fully leased this building can bring in a very healthy CAP rate of 14%- based on the minimum bid!!

Bennett is a growing community and has a healthy economy just 40 minutes from Denver. It is a perfect place for small growing business and is in need of more restaurants and office space. The Palmer house is located in the heart of Bennett and next to a residential area making it an easy access point for residents.
 

We encourage you to visit during our property previews. Come meet our auction team, learn more about how easy it is to buy at auction, and view the property!

Property WILL SELL to the highest bidder.

 

Watch the Video!

Preview the Property

Sat, May 5th 1p - 3p
Sat, May 12th 1p - 3p

DETAILS

Auction type:
Minimum Bid Auction
Broker CO-OP 3%

Auction Address:
475 Palmer Ave,
Bennett, CO 80102

Auction Date and Time:
Thursday, May 17th, 2018 at 1:07 pm MST

Preview:
Saturday, May 5th, 2018 from 1:00 pm - 3:00 pm MST
Saturday, May 12th, 2018 from 1:00 pm - 3:00 pm MST

Bidding:
Cashiers Check (to bid) - $10,000
Buyers Premium - 10%
Detailed bidders information is available in the Property Information Packet
All bidders are encouraged to read these materials before registering or bidding on this property.

 

LOCATION

Located within 25 miles from downtown Denver and 30 minutes from DIA. Bennett is a quiet town in the eastern Colorado plains.

Bennett has a new development. https://www.cpr.org/news/story/denver-s-housing-crunch-has-many-starting-to-think-outside-the-metro 

 

PROPERTY HIGHLIGHTS

  • 2,546 Square Feet
  • 0.41 Acre Lot
  • Large Parking Area
  • Corner Lot
  • Borders Residential
  • Offices/Restaurant
  • Great CAP Rate



All property measurements are approximate. All information on this website was delivered from sources believed to be correct, but not guaranteed. It is the buyer’s responsibility to verify all property specifications prior to the auction date. United Country Real Estate- Prestige Auction, LLC is an agent of the seller. Announcements take precedence over printed materials. Not available to residents of any state in which this real estate is not in compliance with the real estate laws or other laws of that state.

For Complete Terms & Conditions, go to the Property Information Packet on this website.

Copyright 2006-2018 United Country Real Estate- Prestige Auction, LLC. Denver, CO  All Rights Reserved.

 

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Bidder's Property Information Packets are available to Prestige Auction Community members.

Property Information Packages provide detailed and legal descriptions of the property along with other information vital to the bidding process.

To access the Property Information Packet


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Property Information Packet Contents

CO Buy-Sell
Broker Participation
Bidder Registration Form
Bidder Registration Form 2
Title Commitment
Sellers Property Disclosure
Palmer House spreadsheet- Expenses
Palmer House spreadsheet- Potential CAP Rate
Palmer House spreadsheet- Rent
Palmer House spreadsheet- Utilities
Freel Lease - Enchanted Design
KIT Agency Lease

Call this number to receive your property information pack: 877-612-8494

Auction type:
Minimum Bid Auction


Selling to the Highest Bidder!

Brokers Welcome - 3%

Bidders Registration: All prospective buyers must register to bid. A $10,000.00 cashier’s check or certified check payable to United Country Real Estate- Prestige Auction, LLC will be required to bid at the auction. A 10% buyer’s premium will be added to final bid and included in total contract price, a 10% non-refundable down payment will be due immediately after being declared the buyer. This amount will be applied to the purchase price and will be deposited in the brokers escrow account. The $10,000.00 cashier’s check will be immediately returned in the event the bidder is unsuccessful.

Phone Bidding: Phone bidding registration must be completed 48 hours prior to the auction. All terms will apply as if you were participating at the auction in person.

Closing: The balance is due in cash or new loan at closing within 45 days. A General Warranty Deed will be supplied by the seller at the sellers expense giving marketable title subject to restrictions of record. Taxes & Home Owners Association fees are pro-rated. Title insurance will be at the buyer’s expense.

Bidder Information Package: A Package of information has been assembled for this property and includes: a seller’s property disclosure, a square footage disclosure, a source of water addendum, a lead based paint disclosure, and title documentation.

Property Inspection: Preview of the property is essential. Property will be sold “as is, where is,” Property will be sold subject to easements, restrictions, zoning and other matters of record.

Conduct of Auction: Conduct of auction and bidding increments are at the discretion of United Country Real Estate- Prestige Auction, LLC. United Country Real Estate- Prestige Auction, LLC reserves the right to deny any person admittance to the auction.

Broker Participation Invited: A 3% Broker CO-OP is being offered to the broker that brings the successful high bidder. Brokers must register their buyer 48 hours in advance subject to established United Country Real Estate- Prestige Auction, LLC guidelines. Contact our office for more information 877-612-8494.

All property measurements are approximate. All information on this website was delivered from sources believed to be correct, but not guaranteed. It is the buyer’s responsibility to verify all property specifications prior to the auction date. United Country Real Estate- Prestige Auction, LLC is an agent of the seller. Announcements take precedence over printed materials. Not available to residents of any state in which this real estate is not in compliance with the real estate laws or other laws of that state.

For Complete Terms & Conditions, go to the Property Information Packet on this website.

Copyright 2006-2018 United Country Real Estate- Prestige Auction, LLC. Denver, CO  All Rights Reserved.