Commercial Property Auction

When:
March 17, 2018 @ 11:00 am
2018-03-17T11:00:00-05:00
2018-03-17T11:15:00-05:00

Commercial Property

Investment Opportunity

Pam’s Value Inn Motel & Convenience Store
Pam’s Rental’s, LLC

AT AUCTION

Saturday March 17th, 11:00 A.M.
2103-2109 W. 2nd St. – Grand Island, Nebraska

33- Units plus Convenience Store
Selling as Turn Key Business – Fully Furnished

ABOUT THE PROPERTY

Established commercial property (zoned B-2). 294’ frontage on West 2nd St. (Hwy 30), high traffic location, average between 16-18,000 vehicles per day according to city of Grand Island. Property occupies 33,781 sq. feet according to Hall County assessor’s office, with a full block length of frontage on 2nd Street. This property has a lot of potential for various uses and is currently a 33-unit motel plus corner convenience store. (formerly Conoco Motel & gas station). Managed as an “Extended Stay” residence & motel. Rents are charged on nightly, weekly or monthly basis apartments. The office has large in wall safe, upstairs area & attic storage.

CONVENIENCE STORE INFORMATION

Fixtures include: New high definition security system, new LED lighting, 2 large standup commercial freezers, large new commercial ice machine, pizza ovens, nacho machine, POS system, all display racks, shelving, signs, cash register.
Convenience store inventory NOT included in the sale but can be negotiated separately. Seller will work with buyer t transfer her liquor-cigarette-pickle & lottery state licenses. Gasoline tanks are located on property, believes installed 1996. Prior owner pumped gas, current owner has not during her time of ownership. It is believed tanks & pumps could be activated for use, however contamination & clean up liability could transfer to new owners if choosing to sell gasoline upon a successful sale of this property, seller is willing to escrow $20,000 for use by buyer in removal of tanks and replacement of soil & concrete if buyer choose not to pump gasoline.

ABOUT MOTEL INVENTORY/EQUIPMENT

37- flat screen T.V.’s w/wall mounts, 37- Microwaves, (37) small refrigerators (various sizes), 52- Queen /Full beds (nearly half of rooms have 2-queens), 60 – Dish receivers, 40 – A/C’s, newly painted exterior & interior (2017), new outside LED lighting round motel, All room furnishings & blankets – towels – etc. remain, BOILER HEAT SYSTEM REGULARLY MAINTAINED & INSPECTED (rooms are individually regulated)

LEGAL DESCRIPTION/TERMS/TAXES

Lots 1-2-3-4-5, Block 16, Bakers Addition, City of Grand Island, Nebraska
Taxes paid to date of closing based on 2017 assessment of $8,486.40
POSSESSION GIVEN AT CLOSING.

Terms: 10% due at conclusion of bidding, balance by certified funds on or before April 17th, 2018. Do your due-diligence prior to sale. Any financing, if needed, must be made prior to sale day.

Amick Realty and it’s associates are Agents for the Seller
Any announcements day of sale shall have precedence over all prior statements written or verbal

Contact John Amick, Broker 308-390-0300,
for additional information or showing

Pam’s Value -Inn Motel – Convenience Store
Pam’s Rentals, LLC

Amick Realty
John Amick Broker
308-390-0300
Darrel Olson – Real Estate Auctioneer
308-379-5133