0 W Central Ave Unit 538652 El Dorado, KS 67042

AUCTION TO BE HELD ON FRIDAY AUG 18TH @ NOON Rare investment opportunity! 93+/- acres of undeveloped acreage with prime visibility on the Kansas Turnpike (I-35) and HWY 254 in El Dorado. Bordering both sides of the Kansas Turnpike, this property is located immediately prior to the highly recognizable east traveling "El Dorado" welcome sign. The Kansas Turnpike divides the property into two tracts: 60.60+/- acres directly north and 31.88+/- acres directly south. North tract (60.60+/- acres): Current oil production operated by Big Eight Energy, LLC. South tract (31.88+/- acres) features cedar trees and private pond directly off black-top. The property could be utilized for recreational hunting and fishing grounds or a secluded home site. Approximately 70% percent of the property is classified as "Grass/Pasture" according to the AcreValue by Granular. Soil compositions consist of Dwight silt loam (89.85%), Labette-Dwight complex (0.15%) and oil waste land (2.47%). Mineral interests intact and convey to buyer. Mineral interests include mineral rights for 93 +/- acres and adjacent 7.5 +/- acres. Per seller, royalty interest grossed $3,104.22 for the June 2016 thru January 2017 production dates and $1,869.39 for the February thru June production dates. Auction to be conducted off-site at the El Dorado Civic Center located at 201 E. Central Ave, El Dorado, KS 67042. Online bidding available. | View Property Information Packet and preliminary title commitment for all utility and right-of-way agreements. *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. It is incumbent upon buyer to exercise buyer’s own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer’s responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or seller’s agents was obtained from a variety of sources and neither seller nor seller’s agents have made any independent investigation or verification of such information and make no representation as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. 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 $15,000.