{"id":14989,"date":"2023-01-16T11:45:05","date_gmt":"2023-01-16T17:45:05","guid":{"rendered":"https:\/\/homeslandcountrypropertyforsale.com\/restaurants-bars\/properties\/former-ponderosa-steakhouse-restaurant-for-sale-by-auction\/"},"modified":"2024-01-05T17:56:21","modified_gmt":"2024-01-05T23:56:21","slug":"former-ponderosa-steakhouse-restaurant-for-sale-by-auction","status":"publish","type":"estate_property","link":"https:\/\/homeslandcountrypropertyforsale.com\/restaurants-bars\/real-estate-listings\/former-ponderosa-steakhouse-restaurant-for-sale-by-auction\/","title":{"rendered":"Former Ponderosa Steakhouse Restaurant for Sale by Auction"},"content":{"rendered":"

Former Ponderosa Restaurant Steakhouse For Sale in Salina, Kansas<\/h2>\n

Curt Marshall, Terry Zimmer, Michael Hansen, Todd Kavouras & Brian Rose of United Country – Crossroads Auction & Realty of Salina, Kansas are offering at online-only auction the former Ponderosa Steakhouse \/ current Shriner\u2019s property located at 200 E. Diamond Dr. in Salina, Kansas.\u00a0 The original building was constructed in 2005 and was used as a restaurant.\u00a0 This building contains 10,681 SqFt of total space with 7,155 SqFt on the main floor and 3,526 SqFt in the basement.\u00a0 The main floor of the restaurant includes the main dining area, (2) private offices, (1) conference room, the kitchen, (2) restrooms, several storage rooms, and a large walk-in cooler & freezer.\u00a0 The basement is accessed by (2) large staircases as well as an Otis Elevator and contains (2) large dining rooms, an office, (2) restrooms, and several storage \/ mechanical rooms.\u00a0\u00a0This building is fully sprinklered and all annual inspections on all of the mechanical systems and restaurant equipment have been performed and maintained.<\/span><\/span><\/p>\n

This property is zoned C-7 for Highway Commercial District.\u00a0 The 1.11\u00b1 Acre site is located just off of Exit 252 on Interstate I-70 on a frontage road.\u00a0 The average daily traffic count on this particular portion of the Interstate is 18,100 with a traffic count of 11,800 on the north-south 9th<\/sup> St. road.\u00a0 Property sells subject to Owner Confirmation.\u00a0 All restaurant equipment shown in the property will be included in the sale.\u00a0 Bidding Ends on Thursday, November 3rd @ 3:00pm CDT.\u00a0 Immediate possession will be given upon closing.\u00a0 To bid on this online-only auction, please go to the following website:\u00a0 http:\/\/uccrossroads.hibid.com\/auctions\/current<\/a><\/span><\/span><\/p>\n

Please go to the following DropBox Folder to download additional property information:<\/span><\/span><\/strong><\/p>\n

Property Information DropBox Folder<\/span><\/span><\/strong><\/a><\/p>\n

SELLER:\u00a0 Isis Shrine, Shriner\u2019s International<\/span><\/span><\/p>\n

LEGAL ADDRESS:\u00a0 A tract of land in the West One Half (W\/2) of the Southwest Quarter (SW\/4) of Section Thirty-six (36), Township Thirteen (13) South, Range Three (3) West of the Sixth Principal Meridian, Saline County, Kansas, described as follows: <\/span><\/span><\/p>\n

Commencing at the Northwest comer of said West One Half (W\/2) of said Southwest Quarter (SW\/4 ), thence Easterly along the North line of the West One Half (W\/2) of said Southwest Quarter (SW\/4) on an assumed bearing of North 90\u00b000'00″ East a distance of Six Hundred Eighty-two and Fifty-two Hundredths (682.52) feet; thence South 00\u00b008\u201900'' East a distance of Twenty-five (25) feet to the point of beginning; thence parallel to said North line of said West One Half (W\/2) of said Southwest Quarter (SW\/4) North 90\u00b000'00'' East a distance of One Hundred Seventy-five and Twenty-nine Hundredths (175.29) feet; thence South 00\u00b000'36'' West a distance of Two Hundred Eighty-five and Sixty-one Hundredths (285.61) feet to the North line of Interstate 70 right-of-way; thence North 76\u00b038'10'' West along the North line of Interstate 70 right-of-way a distance of One Hundred Seventy-nine and Fifty-three Hundredths (179.53) feet; thence North 00\u00b008'00″ West distance of Two Hundred Forty-Four and Twelve Hundredths (244.12) feet to the point of beginning. The above described tract of land is subject to restricted access along the South boundary as stated in condemnation case number 22991. (except that part taken for roads, highways and right-of-ways)<\/span><\/span><\/p>\n

TERMS AND CONDITIONS OF SALE:<\/strong><\/p>\n

By participating in this auction, bidders hereby agree that their bid shall NOT BE SUBJECT to the bidder\u2019s ability to obtain financing.\u00a0 By placing a bid in this auction, bidders are making a \u201ccash offer\u201d to purchase the property.\u00a0 Financing is NOT a contingency in the purchase agreement.<\/p>\n

Winning bidder hereby agrees to enter into a Contract to Purchase the property within 24 hours of being declared the Successful Bidder by the Auctioneer.\u00a0 Upon the close of the auction, the winning bidder will be forwarded via email or fax a Contract to Purchase the property.\u00a0 A signed copy of the contract must be received by United Country – Crossroads Auction & Realty, Inc. within 24 hours of the end of the auction.<\/p>\n

Under no circumstances shall Bidder have any kind of claim against United Country – Crossroads Auction & Realty, Inc., or anyone else if the Internet service fails to work correctly before or during the auction.\u00a0 Online bidding is subject to technology faults and issues, which are outside the control of the auction company.<\/p>\n

BUYER\u2019S PREMIUM:\u00a0 10% Buyer\u2019s Premium shall be added to the final bid price placed online which will determine the Total Contract Sales Price.\u00a0 Bidders hereby understand that the Buyer\u2019s Premium of 10% shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property.<\/p>\n

ESCROW:\u00a0 An escrow deposit of Ten Percent (10%) of the high bid amount must be received by the Title Company within 48 hours of the close of the auction.\u00a0 Acceptable forms of payment include cashier\u2019s check, personal or corporate check or wire transfer.\u00a0 The balance will be due in full at closing.<\/p>\n

CLOSING: Buyer must close sale of real property on or before Monday, December 19th, 2022, at Land Title Services, Inc. in Salina, KS 67401.\u00a0 TIME IS OF THE ESSENCE.\u00a0 The entire purchase price must be paid by Cashier\/Certified check or wired funds at closing.\u00a0 No purchase is contingent on financing.\u00a0 Buyer is entitled to a deed for property upon full payment.\u00a0 Buyers should have all tests and inspections completed prior to the date of the auction.\u00a0 Only the Purchase Contract shall set forth Seller's obligations to the successful Bidder.\u00a0 Out of area buyers will be afforded the opportunity to close via email, mail and wire transfer of certified funds.\u00a0 Possession of the property will be given at closing.<\/p>\n

TAXES:\u00a0 This property is currently tax exempt.<\/p>\n

TITLE\/CLOSING COSTS:\u00a0 Seller and Buyer shall share equally in the cost of owner's title insurance and escrow closing. \u00a0Preliminary Title insurance has been prepared by Land Title Services, Inc. and will be updated with Buyer information prior to closing. Buyer is responsible for cost of lender's policy.<\/p>\n

TITLE EVIDENCE\/DEED: Seller will deliver to Buyer an insurable deed for the Property at time of closing, conveying clear and marketable title of surface rights to said Property, free of all encumbrances, liens and judgment, except for those lawful conveyances and restrictions that exist on record before the date of the auction, as noted in the title insurance commitment.<\/p>\n

PROPERTY SOLD “AS IS, WHERE IS, WITH ALL FAULTS” WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND:\u00a0 The real property shall be sold subject to conditions, restriction, right-of-way easements, and reservations; if any, of record, filed and untitled mechanic's and material men's liens; if any, and all other matters of record taking priority, subject to the rights; if any, of tenants-in-possession, and further subject to all conditions announced at the safe; and confirmation of the seller.\u00a0 Announcements made day of auction take precedence over previously printed material and oral statements.<\/p>\n

RESTRICTIONS:\u00a0 Subject only to (1) all City, County, and State laws, ordinances and regulations and (2) any easements, encumbrances, and restrictions applicable to the Property.\u00a0 Seller is placing no restrictions on the property.<\/p>\n

UTILITIES:\u00a0 United Country – Crossroads Auction & Realty, Inc., nor the seller guarantees the availability of utilities, public or private.\u00a0 This consists of, but is not limited to: wells, septic tanks, access to public utilities or any hookup fees therewith.\u00a0 Confirmation of utility availability is the bidder's sole responsibility.<\/p>\n

ADDITION OR WITHDRAWAL FROM SALE \/ CONDITION OF SALE:\u00a0 All bids are subject to Seller approval and the tracts are being offered for sale with that reservation.\u00a0 The Auctioneer reserves the right to cancel the auction up to the time prior to the commencement of bidding.\u00a0 If a subsequent survey by the Buyer shows a greater or lesser number of acres or square footage this will not affect the purchase or purchase price.<\/p>\n

AGENCY:\u00a0 The Broker\/Auctioneer is acting as agent for the Seller only.\u00a0 During bidding, the Auctioneer has the right to reject any raise that in his opinion is not commensurate with the property value.\u00a0 In the event of any dispute after the sale, United Country – Crossroads Auction & Realty, Inc.'s record of final sale shall be conclusive.\u00a0 All information and materials provided by Auctioneer is subject to inspection by all appropriate parties and the Auctioneer assumes no liability for its accuracy, errors, or omissions nor its agents, the Seller or its agents.\u00a0 Prospective bidders should independently verify any information being materially relied upon in making a purchasing decision.<\/p>\n

LIQUIDATED DAMAGES:\u00a0 Buyer will forfeit all of their deposit if they cannot close within the stated time herein – and no written extension has been granted by the Seller.\u00a0 If such action occurs, United Country – Crossroads Auction & Realty, Inc., hereby has the right to disperse the deposit as stated in the listing agreement and the Buyer has no claims to such money or property being sold.\u00a0 Liquidated damages are to cover cost of auction, cost incurred by seller, labor cost, and additional cost of auction as not defined in this agreement.\u00a0 These liquidated damages do not restrict the seller from suing the Buyer for performance damages and\/or any additional damages the seller suffers by the default of the Buyer.<\/p>\n

ARBITRATION:\u00a0 For disputes that are not resolved by the parties within 10 days after either party gives notice to the other of its desire to arbitrate the dispute, the dispute shall be settled by binding arbitration by the American Arbitration Association in accord with its then-prevailing rules.\u00a0 Judgment upon the arbitration award may be entered in any court having jurisdiction.\u00a0 The arbitrator shall have no power to change the provisions of this Agreement.\u00a0 The arbitrator shall consist of one arbitrator, who must be a real estate attorney actively engaged in the practice of law for at least the last five years.<\/p>\n

BUYER'S NOTE:\u00a0 Individual purchases are to be considered as singular transactions not contingent on the sale of other properties or tracts.\u00a0 United Country – Crossroads Auction & Realty, Inc., reserves the right to offer the property in individual tracts, combination of tracts, as a whole or in any way that we see fit in order for it to bring the most money for the owner. The sale of combinations supersedes the sale of individual tracts.\u00a0 The decision of the Auctioneer is final.\u00a0 Seller and United Country – Crossroads Auction & Realty, Inc., reserve the right to amend any terms and conditions prior to or during the auction.<\/p>\n

BIDDER'S DUTY TO INSPECT:\u00a0 All information published, announced, or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller, the auctioneers, or any other person or entity.\u00a0 Personal onsite inspection of all property by potential bidders is strongly recommended.\u00a0 All sales are subject to the conditions and terms contained herein.\u00a0 The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender.\u00a0 This includes but is not limited to public information such as easements, restrictions, zoning, rights-of way, or any other information that can be obtained as public record in the county courthouse or any municipal office concerning subject properties.\u00a0 Any and all announcements made from the auction stand take precedence over all other verbal, printed, announced, and\/or distributed information.\u00a0 Please note that you are bidding to purchase the Property “As Is, Where Is” with no guarantee or warranty. Property sells subject to Owner Confirmation.<\/p>\n

<\/p>\n

\n

PROPERTY FEATURES:<\/strong><\/p>\n

Salina, KS Restaurant For Sale
\nCLICK HERE FOR MORE INFO
\nPonderosa Steakhouse For Sale
\nRestaurant \/ Bar Auction
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Former Ponderosa Restaurant Steakhouse For Sale in Salina, Kansas Curt Marshall, Terry Zimmer, Michael Hansen, Todd Kavouras & Brian Rose of United Country – Crossroads Auction & Realty of Salina, Kansas are offering at online-only auction the former Ponderosa Steakhouse \/ current Shriner\u2019s property located at 200 E. Diamond Dr. in Salina, Kansas.\u00a0 The original building was constructed in 2005 and was used as …<\/p>\n","protected":false},"featured_media":14990,"comment_status":"closed","ping_status":"closed","template":"","property_category":[1112],"property_action_category":[],"property_city":[1025],"property_area":[],"property_county_state":[87],"property_features":[],"property_status":[],"class_list":["post-14989","estate_property","type-estate_property","status-publish","has-post-thumbnail","hentry","property_category-sold-properties","property_city-salina","property_county_state-kansas"],"yoast_head":"\nFormer Ponderosa Steakhouse Restaurant For Sale by Auction<\/title>\n<meta name=\"description\" content=\"Former Ponderosa Restaurant Steakhouse For Sale in Salina, Kansas Curt Marshall, Terry Zimmer, Michael Hansen, Todd Kavouras & Brian Rose of United...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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