Auction  Details

Proven Trust

Proven Experience

Proven Results

Type

Live On-Site Auction

Auction Dates

Starts: Sat, Mar 23, 2024 10:00AM

Description

ABSOLUTE AUCTION
COMMERCIAL BUILDING, EQUIP. & VEHICLES
FORMERLY ARNOLD’S GRUB SHACK

SELLING:
MULTI-USE BUILDING SITUATED ON A+/- 0.34 ACRE LOT (90’X160’)
HIGH VISIBILITY, ROAD FRONTAGE, ASPHALT PARKING, SIDEWALKS.
ZONED NCCZ (NEIGHBORHOOD COMMERCIAL CORRIDOR ZONE)

ATTN: INVESTORS! COMMERCIAL REAL ESTATE OPPORTUNITY!
CONVENIENTLY LOCATED IN PADUCAH, KY.
SELLS TO THE HIGHEST BIDDER!

ALSO SELLING:
RESTAURANT EQUIPMENT: PREP TABLES, PIZZA OVENS, DEEP FRYER, ICE CREAM MACHINE, ICE MAKER, SUPPLIES & MORE!

VEHICLES: 2005 BMW, 2004 FORD F250, 2007 CHEVROLET SUBURBAN, 2010 FORD ESCAPE, 2013 GMC TERRAIN, 2014 FORD FOCUS

SNOWEX 8’ SNOWPLOW (FORD TRUCK), PORTABLE BUILDING, +/- 160’ OF WOOD FENCING, RED PAVERS (192), & MORE!

Date & Time: Saturday, March 23rd, 2024 @ 10 AM
Subject Property Address: 1406 Park Ave., Paducah, KY 42001 (Held here)
Directions: Starting from I-24 Exit 11, take John L. Puryear Dr./Wayne Sullivan Dr./S. 3rd St./Park Ave. +/- 7.2 miles, the destination will be on the left next to Home Improvement Warehouse.

Auction held on site rain or shine.
Signs posted.

REAL ESTATE:
Building Exterior/Grounds Overview: +/- 954 sq. ft. under roof with lap siding, shingle roof, paved parking lot, with concrete sidewalks in front and rear of building, +/- 6’ x +/- 16’ lean-to in back for additional storage.

Lot Size: +/- 90’ x +/- 160, road frontage on two sides, with alley in rear.

Building Interior Overview: Laminate, tile, and concrete flooring. Paneled and planked ceilings and walls.

Building Interior: Kitchen: +/- 10’ x +/- 17’ with laminate and tile floor, stainless steel walls, wood plank ceiling, American Hood Systems fire suppression system with vented exhaust fan (stays with building), triple sink (stays with building), single sink (stays with building), man door, stationary shelf units (3), 200-amp breaker box. Ordering Room: +/- 10’ x +/- 12’ with laminate flooring, stainless steel walls, sliding barn style door, stationary table. Office: +/- 5’ x +/- 4’ Rinnai instant water heater, sink, security camera system. Dining Room #1: +/- 10’ x +/- 10’ with concrete floors, plank walls, man door, trussed roof, +/- 10’ stationary counter. Dining Room #2: +/- 46’ x +/- 10’ with painted concrete floor, stud wall with plexiglass, man doors (2), window heat pump, outside dining area for additional seating. Utility Room: +/- 10’ x +/- 5’ with laminate flooring, paneled walls and ceiling. Bathroom #1: +/- 9’ x +/- 7’ with laminate flooring, paneled walls and ceiling, A.O. Smith instant water heater, 100-amp breaker box. Bathroom #2: +/- 7’ x +/- 8’ with laminate flooring, paneled walls and ceiling.

Utilities: Paducah Water, Atmos natural gas, Paducah Power, Mr. Cool Heat & Air split system, and Carrier HVAC gas pack.

PERSONAL PROPERTY:
Vehicles:

2005 BMW 325i car: VIN #WBAEV33475KW17668, +/- 180k miles, 6-cylinder inline engine, 4-doors, sunroof, new tires – June 2023, black in color. (Runs-needs some repairs)

2014 Ford Focus car: VIN #1FADP3K23EL233279, +/- 102k miles, 2L 4-cylinder engine, 5-doors, black in color. (Runs)

2004 Ford F250 XLT Super Duty truck: VIN #1FTNW21L14EA73217, +/- 147k miles, 6.3 engine, 4-wheel drive, 4-doors, 8’ bed, 2 gas tanks, white in color. (Runs)

2007 Chevrolet Suburban LT SUV: VIN #3GNFK16357G124452, mileage unknown, 5.3L engine, new engine has +/- 3k miles on it, black in color. (Runs)

2010 Ford Escape SUV: VIN #1FMCU0C76AKD18300, mileage unknown, 2.5 L 4-cylinder engine, 4-doors, white in color. (Transmission may need repairs)

2013 GMC Terrain SUV: VIN #2GKALMEK4D6118311, +/- 117k miles, 2.4L 4-cylinder engine, 4-doors, gray in color. (Timing chain needs repair)

Portable Structure/Building: +/- 8’ x +/- 12” portable building, wood siding, trussed with shingle roof, wide door for lawn mower storage, and skids on the bottom.

Commercial Kitchen Equipment: Thomson 21” x 35” freezer, Avantco 30” x 70” refrigerated prep table, Galaxy electric food warmer with two trays, Avantco conveyor oven, 24” x 24” electric griddle, Vollrath pizza ovens (model #POA8002) (2), Asber table top four-burner propane conveyor oven, Electro Freeze ice cream machine (model #SLXE400E-137), TRUE Manufacturing glass front refrigerator, MoTak gas deep fryer with four baskets, Black Diamond gas grill, ice maker (model #ZBJ40KGSYPPSB001V1), Eagle four-compartment warming table, 30” x 48” stainless steel prep tables (2), 20” x 48” stainless steel table with castors, 24” x 60” stainless steel table, 6” x 7” prep pans with lids (31).

Commercial Restaurant Supplies: Payment Plus cash register, Star SP700 receipt printer, Star TSP100 III receipt printer, electronic “OPEN” sign, electronic “Baked Potato, Mac, and Subs” sign, restaurant flags with stands (4), four-compartment concession sink with battery/propane powered heater, 48” x 30” round tables (3), 33” x 33” x 40” tables (3), 29” bar stools with backs (6), round back chairs (10), three-shelf rolling cart, 3’ x 2’ x 5’ plastic shelf, five-shelf storage units (3), plastic utensil holder, 30-gallon totes with cups and aluminum containers (6).

Misc./Outdoor: SnowEx 8’ snowplow with lights, 4’ x 8’ portable sign with letters, 8’ landscape timbers (12), 12” square red pavers (192), 3’ x 7’ x 10” black metal roofing sheets (5), 8’ x 6’ wooden fence panels (+/-20) +/- 160’ running feet (purchaser will be responsible for disassembling erected fence), Hisense window air conditioner/heat pump.

Terms of Auction:
Real Estate: 15% or $5,000.00 (whichever is greater) good faith deposit due day of sale. Balance due in 45 days. 10% buyer premium added to final bid and included in the total contract price. Showings are by appointment only or between the hours of 8:00 A.M.-10:00 A.M. on day of auction.
Procedure: Initial procedure determined by auctioneer.
Title: Fee Simple Absolute title delivered.
Deed: Seller will provide a Warranty Deed.
Purchase Agreement: Successful bidder/s will enter into a purchase agreement contract immediately upon conclusion of the auction.
Possession: Possession given at closing.
Restrictions: Any recorded restrictions (if any) and zoning regulations apply.
Easements: Sale of property is subject to any and all easements of record.

Absence of Warranties & Disclaimers: All information contained herein and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
Personal Property Payment Terms: Cash, credit card, or check day of sale with proper ID. 10% buyer premium added to final bid. KY sales tax will apply.
Vehicle Terms: Payment due in full day of sale. No sales tax collected on day of sale. Tax paid at the courthouse. Payment on day of sale checks or cash, no credit cards. If paying with cash purchaser can take vehicle. If paying with check, check must clear before possession of the vehicle is given. No titles will be issued on day of sale. All titles will be transferred in person with the seller/s at McCracken County Court House.
Auctioneer’s Note: Auction held on site, rain or shine. Any additional terms & announcements made day of sale take precedence over printed material or any other oral statements made prior to sale. Auction Company or owner is not responsible for accidents.
New Information, Corrections & Changes: Please check for updated information prior to scheduled auction time for changes, corrections, or additions to the herein described property information.



 

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