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Commercial Building & Brewery Equipment-WY #37297

Bidding Now! - ends Fri, May 31 at 06:00:00 pm
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Extended Bidding: i
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Item Description:

AUCTION TERMS SPECIFIC FOR REAL ESTATE
Click here to view .PDF Version of the below terms

Online only auction for: 126 North 3rd Street, Douglas, WY 82633


Internet Bidding Questions: 
Please contact Auctions International, Inc. at (800)536-1401 option 2

Questions Regarding Sale or Parcel Information: Please contact Shawn Galiotto at (800) 536-1401 x 401 or Carl Carr at 646-423-1352 

State of Wyoming Real Estate- Online Only Auction: 126 N. 3rd St. Douglas, Wyoming, 82633

Auction Terms & Conditions 

  1. Bidder Registration
    Interested bidders must have an active online account with Auctions International. If you have a current account, you will not need to create a new one. If you do not have an account, please utilize the promotional code WESTBID24 at registration, to waive the one-time $10 registration fee.

  2. Internet/Online Bidding.
    Internet bidding through Auctions International, Inc.’s provider is offered as a service to our customers, and bidders shall not hold the seller and/or Auctions International, Inc. responsible for any failure due to bidder hardware/software or the loss of internet connection, by the Provider. Opening Bid required to start auction will be $250,000. No bid below this amount will be considered.

  3. Auction Period.
    The online only auction will commence on May 1st at 10 AM and will conclude on May 31st at 7pm. These dates are subject to change.

  4. Parcel/Property to be Sold
    The property contained in this sale is offered via online only auction to the highest bidder by the Seller. This property is known as 126 N. 3rd St., Douglas Wyoming, 82633.     
  1. Parcel Sold as Is
    This property is sold in its present condition in all respects, and is subject to utility easements, zoning ordinances of the City, Town, Village, or County, and any other restrictions of record. No warranties as to physical condition, habitability, tenancies, or compliance with any laws, codes, or ordinances are made either by the Seller(s) or Auctioneers, unless specifically stated herein. The property is being sold in “as-is, where-is” condition as of the date of sale. The Purchaser has satisfied himself/herself as to the conditions of the property prior to participating in the online auction. 

    (a) There are absolutely no representations made by the seller, or Auctions International staff as to the quality of title, location, lot size, accessibility to, environmental condition of, the existence of improvements or the condition of improvement, if any, with respect to any parcel to be auctioned. Buildings have not been inspected for the presence of lead paint or asbestos, or for their structural condition. All parcels are sold AS IS. Purchasers assume all risks associated with the parcels. The seller will convey by quitclaim deed only. All bidders are advised to research the property before submitting a bid herein.

    (b) The seller has not done an evaluation of the environmental condition of the parcels and makes no representation with regard thereto. In consideration of allowing buyers to bid at the auction, buyers agree to refrain from making any claim against the seller or Auctioneer regarding any environmental condition and agree to be responsible for removing any environmental hazard found on the property. Buyers further agree to hold the seller and its agents harmless from any claims hereafter made against the seller based on environmental hazards that may be present on any property purchased at this auction. No employee or agent has any authority to make any warranty or representation of any nature regarding the condition of any parcel.

    (c) All real property, including any buildings thereon, is sold “as is” and without any representation or warranty whatsoever as to the condition of the property or title and subject to:

    1. Any statement of facts an accurate survey or personal inspection of the premises would disclose.
    2. Applicable zoning, land use, and building laws and regulations.
    3. Federal and state taxes, liens, and judgments of record.

    (d) All informational materials, such as slides, tax maps, deeds, photos, auction listings, auction catalogs, property record cards, etc., are for identification purposes only and are neither a guarantee nor a warranty as to location, dimensions, parcel use and/or size, or anything else. THE SELLER, ITS EMPLOYEES, ITS OFFICERS, AND ITS AGENTS, TO INCLUDE THE AUCTIONEER, AND THE AUCTION COMPANY MAKE NO WARRANTY EXPRESSED OR IMPLIED IN CONNECTION WITH THIS SALE.

    (e) The seller reserves the right to accept or decline the high bid price obtained once the online auction is completed.

  2. Personal Property
    No personal property is included in the sale of this parcels. The lawful disposition of any personal property located on the parcel shall be the sole responsibility of the successful bidder following the recording of the deed. 

  3. Buyer’s Premium
    There is a 10% buyer’s premium in effect for this sale. The buyer’s premium is calculated in addition to the high bid price, a buyer’s premium rate of ten percent (10%) of the bid amount will be calculated in the total contract price. Payments must be made with a certified check or certified funds, direct deposit, or wire transfer. 

  4. How Initial Deposit is Paid
     20% of the high bid price, must be remitted as a down payment to the Auctioneer within 24 hours of the online auction closing. The winning bidder must be available via the telephone number provided on the registration documents, immediately following the closing of the sale, to arrange deposit payment. This initial deposit can be made with wire transfer or direct deposit into our account. All deposits are non-refundable. 

  5. Approval of Auction Results Required
    This sale is subject to the approval of Seller. The seller will either accept or deny high bid no later than June 3rd, 2024.
  6. Payment of the Balance
    The entire remaining balance of the purchase price including the buyer’s premium must be paid to the Auctioneer within 10 business days of Seller approval of the sale.

    The successful high bidder will be required to pay any closing costs and fees including applicable recording costs directly. Buyer and seller will provide their own attorneys, title agent, appraisal and/or closing costs.

    If the high bidder fails to pay the balance due, the seller may accept the second highest bid, or reject all bids and re-sell the parcel. The initial deposit payment will not be returned to the winning bidder if they fail to complete the sale in accordance with the provisions above.

    In the event the Seller declines the sale of this property, the Purchaser shall be entitled only to have their initial deposit payment returned to them. 
  1. Buyer’s Taxes
    The property will be paid of all taxes due for previous year by time of transfer of said property.
      
  2. No Assignments
    The purchaser may not assign the right to complete the sale to another person or entity. All deeds shall identify the grantee(s) as the successful bidder(s) as registered at the auction. All deed assignments will be sole responsibility of successful high bidder.

  3. No Liability for Delays
    The Seller and Auctioneer shall not be liable or responsible to any successful bidder for any delay in conveying a parcel to the successful bidder caused by: a court ordered stay; a stay imposed by federal or state law and/or regulation; an Executive Order of the Governor; or an order of the Wyoming State Department of Health. This also includes delays in transfer of deed and title.

  4. Litigation
    Any dispute concerning this auction, any bid, use of the online auction service, or real property purchased shall be governed by and resolved in accordance with the laws of the State of New York, that you consent to personal jurisdiction over you in New York State, and that the exclusive locale and venue for any claim, dispute or legal action concerning same shall be the New York State Supreme Court. A proceeding commenced in any other jurisdiction or venue shall be immediately dismissed and/or transferred to the New York State Supreme Court. If you commence a claim or legal action in other than the Supreme Court, then you agree to be liable for all attorney's fees, court costs and disbursements incurred by Auctions International, Inc. in connection with obtaining a dismissal and/or transfer of the matter. If you fail to pay for your winning bid, including the buyer's premium, or any portion thereof, then you shall be liable for all attorney's fees, court costs and disbursements incurred by Auctions International, Inc. in attempting to collect the amounts due. In all other respects, attorney's fees, disbursements, and court costs associated with any claim, dispute or legal action between the parties shall not be recoverable by one party against the other.

 

 

Extended Bidding: i
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Item Description:

PLEASE CLICK HERE TO VIEW THE REAL ESTATE SPECIFIC TERMS & CONDITIONS

PLEASE TAKE NOTE:

This set up is being sold individually as well as together. The highest combined total will denote the successful high bidder.
Lot #0001, Building and Contents (No brewing equipment)
Lot #0002, Brewing Equipment
Lot #0003, Building AND Brewing Equipment

If the Building and Brewing Equipment bring a higher return individually, they will be sold individually (Lot #0001 & #0002).
If the Building and Brewing Equipment bring a higher return sold as a package (lot #0003), they will be sold together)

Parcel: 32710923023200
Account #: R0004827
Plat: 1-17
Lot: 30-32

Address:
126 N 3rd St
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Google Aerial View- Click Here

Stories:
1
Exterior:
Masonry
Year Built: 1978

Commercial   1  Stories    Sq Ft  Exterior   Roof Cover  Bedrooms   Year Built*   Adj Year    
 Bar/Tavern 1.0 11132 Masonry   0 1978 1988    
Add On Com Canopies Steel Average  552              
Add On Concrete Slab Average  448              
Add On Roof Metal Frame Good  24              
Add On Com Bsmnt CD&S-Storage  2808              
Add On Roof Wood Frame Average  28              
Add On Awning-Metal SF  540            

*Year built may not be original year built due to remodeling and additions.

Deed: 1732 QCNC 88
Location:
Douglas, Lots 30-32 INC: Block 12
Tax Classification: Commercial
Acres:
0.21

Tax ID:00047442
2023 Tax Year, Property Tax-Distribution Summary
School: $1,674.44 (49.443%
County: $697.80 (20.592%)
State: $609.29 (17.979%)
City: $406.16 (11.986%)
Total Tax Collection: $3,388.66

2023 Tax Breakdown:

Stat# Kind Description 1st Half 2nd Half
7462 CITY CITY $203.08 $203.08
7462 COUNTY County Tax $348.90 $348.90
7462 SCHOOL SCHOOL $837.72 $837.72
7462 STATE STATE $304.63 $304.63
1st Half Total: $1,694.33
2nd Half Total: $1,694.33
Total Tax: $3,388.66

2023 Market Value: $534,429 ($57,600 Land + $476,829 Improvements)
2023 Assessed Value: $50,771

Functioning Bar and Brewery Building:

This beautiful building is over 13,000 square feet and has been everything from a mall to several different retail shops to its current use as a functioning bar and brewery. Looking for the right investor to enhance an underutilized current usage of bar/event space and brewery with fully transferable Wyoming gaming license and liquor license or change to a vision of their own. A wonderful downtown location in a quickly growing and financially capable city of Douglas Wy located right on the main interstate 25. Just a few hours north of Colorado. Plenty of street and public parking, never are you looking for a spot, but you also don’t have the expense of maintaining that parking area.

The 5-air conditioning and heating units have recently been replaced, installed new kitchen, installed new flooring, and cut a drain for the brewery. Painted inside and out, new storage room upstairs. Wooden carved bar and other running boards, check out the custom detail in the pictures.

Kitchen has a bar menu currently with easy conversion to full dining. Catering for events available, separate space(s) for private parties without having to shut the bar down.

Has been owned by same owner since 1996. Building has had regular updates and improvements since then. Currently employs 5 staff. Has brewing equipment in basement that is currently unutilized (Being sold separately in Lot #0002)

Business includes several licenses. All are transferable to new owner at time of possession, these include:

Wyoming Gaming License:

Skill Games, WY Lottery, Juke Box, Live Music License, Liquor License, Health Certificate, Occupancy

Equipment Included:

Freezer, Cooler, Fryer, Pizza Oven, Dishwasher, Brewery equipment

Building utilizes city parking, is currently on city electric, gas and water.

This is a currently functioning business and is turnkey. Documentation for P and L can be provided. 

In the right hands this is a revenue generating business with so much added potential.

EVERYTHING inside the building goes with the sale (Brewery Equipment being sold separate in lot #0002)

The sale of the real property being offered in this sale is in collaboration with:
Kara Koss
The Koss Agency
125 S 3rd St.
Douglas WY 82633
307-298-4819

***Please review all Auction terms at left side of auction before bidding***

Information deemed reliable, but NOT guaranteed. Bidders should rely on their own inspections and research of each property they are interested in, including revision of public records. Bidders are not permitted on any properties included in this auction, for any reason whatsoever. Any physical inspection of properties should be done from the roadway or sidewalk.

Extended Bidding: i
Click to view Item Bid History Click to view Item Photo Gallery

Item Description:

PLEASE TAKE NOTE:
This set up is being sold individually as well as together. The highest combined total will denote the successful high bidder.
Lot #0001, Building and Contents (No brewing equipment)
Lot #0002, Brewing Equipment
Lot #0003, Building AND Brewing Equipment

If the Building and Brewing Equipment bring a higher return individually, they will be sold individually (Lot #0001 & #0002).
If the Building and Brewing Equipment bring a higher return sold as a package (lot #0003), they will be sold together)

Brewery equipment is fully functioning as is and ready to brew.

Top of the line tanks, fermenters, mashing, everything needed to start brewing immediately.

See attached inventory list

Must be removed by buyer, no loading assistance

Like new condition.

***Please review all Auction terms at left side of auction before bidding***

Extended Bidding: i
Click to view Item Photo Gallery

Item Description:

PLEASE TAKE NOTE:

This set up is being sold individually as well as together. The highest combined total will denote the successful high bidder.
Lot #0001: Building and Contents (No brewing equipment)
Lot #0002: Brewing Equipment
Lot #0003: Building AND Brewing Equipment

If the Building and Brewing Equipment bring a higher return individually, they will be sold individually (Lot #0001 & #0002).
If the Building and Brewing Equipment bring a higher return sold as a package (lot #0003), they will be sold together)

COMBINE LOT: COMMERICIAL BUILDING & BREWING EQUIPMENT 

**SEE LOTS 1 AND 2 FOR SPECIFIC INFORMATION**

***Please review all Auction terms at left side of auction before bidding***

Information deemed reliable, but NOT guaranteed. Bidders should rely on their own inspections and research of each property they are interested in, including revision of public records. Bidders are not permitted on any properties included in this auction, for any reason whatsoever. Any physical inspection of properties should be done from the roadway or sidewalk.


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